Kinder Morgan, Inc. (KMI)
NYSE: KMI · Real-Time Price · USD
31.61
-0.14 (-0.44%)
At close: Jul 28, 2026, 4:00 PM EDT
31.70
+0.09 (0.28%)
After-hours: Jul 28, 2026, 7:53 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 Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 894 | 1,001 | 1,021 | 654 | 742 | 743 | 694 | 651 | 602 | 773 | 618 | 555 | 610 | 703 | 693 | 595 | 653 | 684 | 654 | 511 |
Depreciation & Amortization | 620 | 633 | 618 | 609 | 616 | 610 | 596 | 587 | 584 | 587 | 567 | 579 | 576 | 582 | 572 | 570 | 562 | 557 | 562 | 547 |
Other Adjustments | 210 | 263 | 199 | 176 | 73 | 214 | 243 | 63 | 154 | 168 | 135 | 145 | 59 | 147 | 140 | 120 | 143 | 235 | 87 | 175 |
Change in Receivables | 26 | 131 | -267 | 8 | 22 | 45 | -248 | 33 | 108 | 159 | -50 | -222 | 37 | 536 | 40 | 154 | -363 | -51 | -146 | 11 |
Changes in Inventories | 31 | -19 | -16 | -3 | 20 | -22 | -14 | 9 | 10 | -17 | 58 | 29 | 13 | 88 | -18 | -57 | -74 | -34 | -113 | -38 |
Changes in Accounts Payable | 87 | -172 | 126 | 23 | 4 | -57 | 102 | 14 | 66 | -187 | -86 | 255 | -2 | -368 | -186 | -152 | 444 | 55 | 25 | 217 |
Changes in Accrued Expenses | 174 | -192 | 168 | -163 | 188 | -206 | 181 | -163 | 159 | -134 | 118 | -125 | 156 | -162 | 210 | -107 | 135 | -188 | 160 | -135 |
Changes in Income Taxes Payable | 18 | -58 | -34 | 79 | 10 | -70 | -10 | 63 | 27 | -75 | -19 | 73 | 21 | -73 | - | - | - | - | - | 66 |
Changes in Other Operating Activities | -3 | -96 | 5 | 31 | -16 | -95 | -9 | -8 | -23 | -85 | 22 | 18 | 80 | -120 | 85 | -208 | 64 | -174 | 102 | -225 |
Operating Cash Flow | 1,960 | 1,491 | 1,692 | 1,414 | 1,649 | 1,162 | 1,510 | 1,249 | 1,687 | 1,189 | 2,322 | 1,286 | 1,550 | 1,333 | 1,404 | 915 | 1,564 | 1,084 | 1,268 | 1,129 |
Operating Cash Flow Growth (YoY) | 18.86% | 28.31% | 12.05% | 13.21% | -2.25% | -2.27% | -34.97% | -2.88% | 8.84% | -10.80% | 65.39% | 40.55% | -0.90% | 22.97% | 10.73% | -18.95% | 8.76% | -42.13% | 0% | 7.52% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -982 | -804 | -820 | -793 | -647 | -766 | -772 | -657 | -581 | -619 | -628 | -647 | -535 | -507 | -477 | -365 | -372 | -407 | -387 | -349 |
Sale of Property, Plant & Equipment | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -11 | 4 |
Purchases of Investments | -89 | -53 | -75 | -34 | -27 | -42 | -28 | -49 | -26 | -18 | -33 | -43 | -91 | -45 | -169 | -40 | -9 | -11 | -2 | -10 |
Proceeds from Sale of Investments | 50 | 46 | 61 | 177 | 47 | 45 | 60 | 36 | 46 | 35 | 62 | 48 | 57 | 61 | 30 | 22 | 54 | 50 | 42 | 73 |
Cash Acquisitions | -503 | - | 0 | 0 | 0 | -648 | -4 | 0 | -58 | - | -1,829 | 1 | - | - | 1 | -488 | - | - | -29 | - |
Other Investing Activities | -28 | 8 | -25 | -13 | 2 | -3 | -27 | -16 | 19 | 30 | 14 | -6 | 5 | -17 | -15 | -2 | 22 | -3 | -7 | 0 |
Investing Cash Flow | -1,552 | -803 | -477 | -663 | -625 | -1,414 | -771 | -686 | -600 | -572 | -2,442 | -647 | -578 | -508 | -630 | -873 | -301 | -371 | -394 | -1,800 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Long-Term Debt Issued | 2,089 | 1,937 | 1,583 | 1,911 | 3,647 | 2,876 | 1,638 | 2,860 | 1,936 | 4,007 | 3,217 | 1,254 | 325 | 2,794 | 160 | 4,276 | 3,034 | 1,588 | 1,009 | 1,840 |
Long-Term Debt Repaid | -1,848 | -1,867 | -2,144 | -2,000 | -4,063 | -1,847 | -1,620 | -2,698 | -2,357 | -3,882 | -2,305 | -1,540 | -331 | -3,180 | -166 | -3,721 | -3,395 | -2,453 | -372 | -2,186 |
Net Long-Term Debt Issued (Repaid) | 241 | 70 | -561 | -89 | -416 | 1,029 | 18 | 162 | -421 | 125 | 912 | -286 | -6 | -386 | -6 | 555 | -361 | -865 | 637 | -346 |
Repurchase of Common Stock | - | - | 0 | 7 | - | - | 0 | 0 | 0 | -7 | -132 | -73 | -204 | -113 | -35 | -160 | -172 | -1 | - | - |
Net Common Stock Issued (Repurchased) | - | - | 0 | 7 | - | - | 0 | 0 | 0 | -7 | -132 | -73 | -204 | -113 | -35 | -160 | -172 | -1 | - | - |
Common Dividends Paid | -665 | -654 | -654 | -654 | -654 | -642 | -642 | -643 | -641 | -631 | -631 | -634 | -637 | -627 | -628 | -629 | -631 | -616 | -615 | -616 |
Other Financing Activities | -45 | -33 | -24 | -72 | -52 | -54 | -33 | -73 | -44 | -57 | -33 | -70 | -43 | -55 | -34 | -60 | -30 | -30 | -28 | -57 |
Financing Cash Flow | -469 | -617 | -1,239 | -815 | -1,122 | 333 | -657 | -554 | -1,106 | -570 | 119 | -1,062 | -890 | -1,181 | -703 | 264 | -1,194 | -1,512 | -6 | -1,019 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Cash Flow | -61 | 71 | -24 | -64 | -98 | 81 | 81 | 9 | -19 | 47 | -1 | -423 | 82 | -356 | 71 | 306 | 69 | -799 | 868 | -1,690 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 978 | 687 | 872 | 621 | 1,002 | 396 | 738 | 592 | 1,106 | 570 | 1,694 | 639 | 1,015 | 826 | 927 | 550 | 1,192 | 677 | 881 | 780 |
Free Cash Flow Growth (YoY) | -2.40% | 73.48% | 18.16% | 4.90% | -9.40% | -30.53% | -56.43% | -7.36% | 8.97% | -30.99% | 82.74% | 16.18% | -14.85% | 22.01% | 5.22% | -29.49% | 2.76% | -57.85% | -3.40% | 17.82% |
FCF Margin | 21.84% | 14.23% | 19.34% | 14.98% | 24.79% | 9.34% | 18.51% | 16.00% | 30.96% | 14.84% | 41.95% | 16.36% | 28.99% | 21.24% | 20.24% | 10.62% | 23.14% | 15.77% | 19.91% | 20.40% |
Free Cash Flow Per Share | 0.44 | 0.31 | 0.39 | 0.28 | 0.45 | 0.18 | 0.33 | 0.27 | 0.50 | 0.26 | 0.76 | 0.29 | 0.45 | 0.37 | 0.41 | 0.24 | 0.53 | 0.30 | 0.39 | 0.34 |
Levered Free Cash Flow | 1,053 | 338 | 482 | 322 | 474 | 1,140 | 759 | 632 | 396 | 341 | 1,538 | 428 | 889 | -267 | 850 | 812 | 1,033 | -389 | 1,623 | 232 |
Unlevered Free Cash Flow | 977.01 | 414.24 | 1,114 | 611.61 | 1,105 | 309.75 | 937.02 | 709.88 | 1,054 | 432.71 | 857.75 | 925.7 | 1,117 | 373.68 | 1,045 | 440.87 | 1,544 | 606.74 | 1,151 | 751.66 |