To the full analysis
Kinder Morgan stock: growth
KMIKinder Morgan reported $16.95B in revenue for fiscal 2025, up 12.5% on the prior year, up 8.1% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
2%
per year from 2008 to 2025, per share −4.6%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2008 | |
|---|---|---|---|
| Revenue | 8.1% | 2.0% | 2.0% |
| Revenue per share | 8.5% | 1.8% | −4.6% |
| Earnings | 91.4% | 28.3% | no data |
| Earnings per share | 96.5% | 25.6% | no data |
| Free cash flow | 0.3% | 7.5% | no data |
| Free cash flow per share | 0.7% | 7.3% | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2008 | $12.09B | −$3.6B | $0 |
| 2009 | $7.16B | $495M | $263.2M |
| 2010 | $8.21B | −$41.3M | $908.5M |
| 2011 | $8.33B | $523.8M | $1.17B |
| 2012 | $10B | $315M | $773M |
| 2013 | $14.09B | $1.19B | $695M |
| 2014 | $16.18B | $1.03B | $850M |
| 2015 | $13.92B | $253M | $1.41B |
| 2016 | $12.94B | $708M | $1.91B |
| 2017 | $13.62B | $183M | $1.41B |
| 2018 | $14.28B | $1.61B | $2.12B |
| 2019 | $13.16B | $2.19B | $2.48B |
| 2020 | $11.48B | $119M | $2.84B |
| 2021 | $17.53B | $1.78B | $4.43B |
| 2022 | $19.55B | $2.55B | $3.35B |
| 2023 | $15.16B | $2.39B | $4.15B |
| 2024 | $15.07B | $2.61B | $3.01B |
| 2025 | $16.95B | $3.06B | $2.89B |
Revenue by segment
How Kinder Morgan, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Natural Gas Pipelines65%
- Products Pipelines16%
- Terminals12%
- CO27%
- Other< 1%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies.
Figures as a table
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Natural Gas Pipelines | $8B | $8.61B | $9.02B | $8.17B | $7.26B | $11.87B | $12.69B | $9.17B | $8.94B | $11.01B | 64.9% |
| Products Pipelines | $1.63B | $1.65B | $1.71B | $1.83B | $1.72B | $2.25B | $3.42B | $3.07B | $2.96B | $2.69B | 15.8% |
| Terminals | $1.92B | $1.97B | $2.02B | $2.03B | $1.72B | $1.72B | $1.79B | $1.92B | $2.02B | $2.1B | 12.4% |
| CO2 | $1.22B | $1.2B | $1.29B | $1.22B | $1.04B | $1.15B | $1.57B | $1.24B | $1.2B | $1.17B | 6.9% |
| Other | $172M | $203M | $237M | $0 | $0 | $554M | $0 | $0 | $0 | $0 | 0% |
| Total revenue | $12.94B | $13.62B | $14.28B | $13.16B | $11.48B | $17.53B | $19.55B | $15.16B | $15.07B | $16.95B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 28 Feb 2022)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.