How does Kinder Morgan (KMI) make money?

Kinder Morgan (KMI) primarily makes money through Natural Gas Pipelines, which accounts for 65.7% of total revenue. For TTM through Q1 2026, Kinder Morgan generated $17.52B in total revenue with a net profit margin of 18.9%.

What is Kinder Morgan (KMI) gross profit margin?

Kinder Morgan (KMI) reported a gross profit margin of 46.9% for TTM through Q1 2026, equivalent to $8.23B in gross profit. This means Kinder Morgan retains 46.9% of each revenue unit after direct costs of production.

What is Kinder Morgan (KMI) operating profit margin?

Kinder Morgan (KMI) reported an operating profit margin of 28.6% for TTM through Q1 2026, equivalent to $5.01B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Kinder Morgan (KMI) net profit margin?

Kinder Morgan (KMI) reported a net profit margin of 18.9% for TTM through Q1 2026, equivalent to $3.31B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Kinder Morgan (KMI) spend on capital expenditures?

Kinder Morgan (KMI) spent $2.42B on capital expenditures in TTM through Q1 2026 (13.8% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Kinder Morgan (KMI) free cash flow?

Kinder Morgan (KMI) generated $3.89B in free cash flow for TTM through Q1 2026 (22.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Kinder Morgan (KMI) effective tax rate?

Kinder Morgan (KMI) had an effective tax rate of 21.4% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

How Kinder Morgan (KMI) Makes Money: A Visual Guide

Kinder Morgan (KMI) generated $17.52B in revenue, earning $3.31B in net profit (18.9% margin). Its largest revenue source is Natural Gas Pipelines (65.7% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Kinder Morgan (KMI) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 24, 2026).

Frequently asked questions

How does Kinder Morgan (KMI) make money?: Kinder Morgan (KMI) primarily makes money through Natural Gas Pipelines, which accounts for 65.7% of total revenue. For TTM through Q1 2026, Kinder Morgan generated $17.52B in total revenue with a net profit margin of 18.9%.
What is Kinder Morgan (KMI) gross profit margin?: Kinder Morgan (KMI) reported a gross profit margin of 46.9% for TTM through Q1 2026, equivalent to $8.23B in gross profit. This means Kinder Morgan retains 46.9% of each revenue unit after direct costs of production.
What is Kinder Morgan (KMI) operating profit margin?: Kinder Morgan (KMI) reported an operating profit margin of 28.6% for TTM through Q1 2026, equivalent to $5.01B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Kinder Morgan (KMI) net profit margin?: Kinder Morgan (KMI) reported a net profit margin of 18.9% for TTM through Q1 2026, equivalent to $3.31B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Kinder Morgan (KMI) spend on capital expenditures?: Kinder Morgan (KMI) spent $2.42B on capital expenditures in TTM through Q1 2026 (13.8% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Kinder Morgan (KMI) free cash flow?: Kinder Morgan (KMI) generated $3.89B in free cash flow for TTM through Q1 2026 (22.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Kinder Morgan (KMI) effective tax rate?: Kinder Morgan (KMI) had an effective tax rate of 21.4% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q1 2026.