Kinder Morgan, Inc. (KMI)
NYSE: KMI · Real-Time Price · USD
33.87
-0.10 (-0.29%)
At close: Oct 30, 2026, 4:00 PM EDT
33.89
+0.02 (0.05%)
After-hours: Oct 30, 2026, 7:59 PM EDT
Kinder Morgan Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 3,603 | 3,056 | 2,613 | 2,391 | 2,548 | 1,784 |
Depreciation & Amortization | 2,499 | 2,453 | 2,354 | 2,250 | 2,186 | 2,135 |
Loss (Gain) From Sale of Assets | -73 | -6 | -74 | -15 | -32 | -10 |
Asset Writedown & Restructuring Costs | - | - | - | - | - | 1,634 |
Loss (Gain) From Sale of Investments | -123 | -123 | - | - | 75 | -128 |
Loss (Gain) on Equity Investments | -164 | -91 | -17 | -17 | -78 | 129 |
Other Operating Activities | 926 | 741 | 770 | 1,576 | 505 | 205 |
Change in Accounts Receivable | -144 | -192 | 52 | 301 | -220 | -265 |
Change in Inventory | -62 | -21 | -12 | 188 | -183 | -202 |
Change in Accounts Payable | 113 | 96 | -5 | -201 | 161 | 387 |
Change in Income Taxes | -1 | -15 | 5 | 2 | -5 | - |
Change in Other Net Operating Assets | 159 | 19 | -51 | 16 | 10 | 39 |
Operating Cash Flow | 6,733 | 5,917 | 5,635 | 6,491 | 4,967 | 5,708 |
Operating Cash Flow Growth | 17.40% | 5.00% | -13.19% | 30.68% | -12.98% | 25.45% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -4,154 | -3,674 | -2,691 | -4,159 | -2,108 | -2,828 |
Sale of Property, Plant & Equipment | 54 | - | - | - | - | 406 |
Investment in Securities | 267 | 534 | 56 | 16 | -73 | 125 |
Other Investing Activities | -25 | -39 | 6 | -32 | 6 | -8 |
Investing Cash Flow | -3,858 | -3,179 | -2,629 | -4,175 | -2,175 | -2,305 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 10,017 | 10,441 | 7,590 | 9,058 | 5,959 |
Long-Term Debt Repaid | - | -10,054 | -10,557 | -7,356 | -9,735 | -6,831 |
Net Debt Issued (Repaid) | 775 | -37 | -116 | 234 | -677 | -872 |
Repurchase of Common Stock | - | - | -7 | -522 | -368 | - |
Common Dividends Paid | -2,638 | -2,604 | -2,557 | -2,529 | -2,504 | -2,525 |
Dividends Paid | -2,638 | -2,604 | -2,557 | -2,529 | -2,504 | -2,525 |
Other Financing Activities | -202 | -202 | -207 | -197 | 404 | -68 |
Financing Cash Flow | -2,065 | -2,843 | -2,887 | -3,014 | -3,145 | -3,465 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | - | - | -1 | - | - | - |
Net Cash Flow | 810 | -105 | 118 | -698 | -353 | -62 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 2,579 | 2,243 | 2,944 | 2,332 | 2,859 | 2,880 |
Free Cash Flow Growth | 22.52% | -23.81% | 26.24% | -18.43% | -0.73% | 1.88% |
Free Cash Flow Margin | 14.06% | 13.24% | 19.50% | 15.21% | 14.89% | 17.34% |
Free Cash Flow Per Share | 1.16 | 1.01 | 1.33 | 1.04 | 1.27 | 1.27 |
Levered Free Cash Flow | 1,076 | 455.88 | 1,305 | -66.75 | 1,479 | 1,249 |
Unlevered Free Cash Flow | 2,155 | 1,582 | 2,457 | 1,056 | 2,425 | 2,182 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 1,736 | 1,811 | 1,816 | 1,844 | 1,460 | 1,529 |
Cash Income Tax Paid | - | 47 | 33 | 11 | 13 | 10 |
Change in Working Capital | 65 | -113 | -11 | 306 | -237 | -41 |