Capital Expenditures for Kinder Morgan (KMI)
According to Kinder Morgan's latest reported financial statements, the company's current capital expenditures (TTM) is $2.42B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
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Latest period
$2.42B
YoY change
+15.1%
5Y CAGR
+12.1%
Peak year (2015)
$3.90B
Cumulative capital expenditures
$40.30B
CapEx history chart for Kinder Morgan (KMI) from 2009 to 2025
CapEx history table for Kinder Morgan (KMI) from 2009 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $3.03B | +15.1% | ||
| 2024 | $2.63B | +12.1% | ||
| 2023 | $2.35B | +44.7% | ||
| 2022 | $1.62B | +26.5% | ||
| 2021 | $1.28B | -25.0% | ||
| 2020 | $1.71B | -24.8% | ||
| 2019 | $2.27B | -22.4% | ||
| 2018 | $2.92B | -8.3% | ||
| 2017 | $3.19B | +10.6% | ||
| 2016 | $2.88B | -26.0% | ||
| 2015 | $3.90B | +7.7% | ||
| 2014 | $3.62B | +7.4% | ||
| 2013 | $3.37B | +66.6% | ||
| 2012 | $2.02B | +68.5% | ||
| 2011 | $1.20B | +19.7% | ||
| 2010 | $1.00B | -24.3% | ||
| 2009 | $1.32B | — |
CapEx values are taken from Kinder Morgan's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Kinder Morgan (KMI) reported capital expenditures of $3.03B – grew 15.1% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Kinder Morgan capital expenditures compounded at +12.1% per year, sustaining 4 straight years of year-over-year growth.
Kinder Morgan capital expenditures peaked at $3.90B in 2015; the latest annual figure is $3.03B in 2025 (22.3% below peak).
Across the available history, capital expenditures reached its high of $3.90B in 2015 and its low of $1.00B in 2010.
Within Energy, Kinder Morgan (KMI) ranks 6th among 8 peers we track. The peer median for capital expenditures is $5.50B.
Kinder Morgan Capital Expenditures by Year
Kinder Morgan Capital Expenditures 2025: $3.03B
Kinder Morgan capital expenditures in 2025 was $3.03B, grew 15.1% from 2024.
Kinder Morgan Capital Expenditures 2024: $2.63B
Kinder Morgan capital expenditures in 2024 was $2.63B, grew 12.1% from 2023.
Kinder Morgan Capital Expenditures 2023: $2.35B
Kinder Morgan capital expenditures in 2023 was $2.35B, surged 44.7% from 2022.
Kinder Morgan Capital Expenditures 2022: $1.62B
Kinder Morgan capital expenditures in 2022 was $1.62B, grew 26.5% from 2021.
Kinder Morgan Capital Expenditures 2021: $1.28B
Kinder Morgan capital expenditures in 2021 was $1.28B.
See more financial history for Kinder Morgan (KMI).
Sector peers — CapEx
Companies in the same sector as Kinder Morgan, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $28.36B | Energy |
| Chevron Corporation (CVX) | $17.35B | Energy |
| Enbridge Inc. (ENB) | $8.97B | Energy |
| EOG Resources, Inc. (EOG) | $6.12B | Energy |
| The Williams Companies, Inc. (WMB) | $4.89B | Energy |
| ConocoPhillips (COP) | $3.02B | Energy |
| SLB N.V. (SLB) | $1.69B | Energy |
| Valero Energy Corporation (VLO) | $796.00M | Energy |
Frequently asked questions
What is Kinder Morgan's capital expenditures?
- Latest reported capital expenditures for Kinder Morgan (KMI) is $2.42B (period ending March 31, 2026).
How has Kinder Morgan capital expenditures changed year-over-year?
- Kinder Morgan (KMI) capital expenditures changed +15.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Kinder Morgan capital expenditures?
- Kinder Morgan (KMI) capital expenditures compound annual growth rate is +12.1% over the most recent 5 years available.
When did Kinder Morgan capital expenditures hit its highest annual value?
- Kinder Morgan capital expenditures reached its highest annual value of $3.90B in 2015.
What was Kinder Morgan capital expenditures in 2024?
- Kinder Morgan (KMI) capital expenditures in 2024 was $2.63B.
What was Kinder Morgan capital expenditures in 2025?
- Kinder Morgan (KMI) capital expenditures in 2025 was $3.03B.
Metrics overview
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