E

KINDER MORGAN, INC.

EP-PC · CIK 0001506307

17 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$15.20B12.7%
FY2025
Net income (FY)
$3.06B17.0%
FY2025
Free cash flow (FY)
$2.89B3.8%
FY2025
Diluted EPS (FY)
$1.3717.1%
FY2025
The story, charted

The shape of the business

FY2009–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10BFY2009 · Revenue $7.19B · Net income $495.0M · 0001135017-12-000009 · filed 2012-02-23FY09Revenue $7.19BNet income $495.0M0001135017-12-000009 · filed 2012-02-23FY2010 · Revenue $7.85B · Net income −$41.0M · 0001506307-13-000015 · filed 2013-03-01FY10Revenue $7.85BNet income −$41.0M0001506307-13-000015 · filed 2013-03-01FY2011 · Revenue $7.94B · Net income $594.0M · 0001506307-14-000010 · filed 2014-02-24FY11Revenue $7.94BNet income $594.0M0001506307-14-000010 · filed 2014-02-24FY2012 · Revenue $9.97B · Net income $315.0M · 0001506307-15-000014 · filed 2015-02-23FY12Revenue $9.97BNet income $315.0M0001506307-15-000014 · filed 2015-02-23FY2013 · Revenue $14.07B · Net income $1.19B · 0001506307-16-000072 · filed 2016-02-16FY13Revenue $14.07BNet income $1.19B0001506307-16-000072 · filed 2016-02-16FY2014 · Revenue $16.23B · Net income $1.03B · 0001506307-17-000008 · filed 2017-02-10FY14Revenue $16.23BNet income $1.03B0001506307-17-000008 · filed 2017-02-10FY2015 · Revenue $14.40B · Net income $253.0M · 0001506307-18-000010 · filed 2018-02-09FY15Revenue $14.40BNet income $253.0M0001506307-18-000010 · filed 2018-02-09FY2016 · Revenue $13.06B · Net income $708.0M · 0001506307-19-000033 · filed 2019-02-08FY16Revenue $13.06BNet income $708.0M0001506307-19-000033 · filed 2019-02-08FY2017 · Revenue $13.71B · Net income $183.0M · 0001506307-20-000022 · filed 2020-02-12FY17Revenue $13.71BNet income $183.0M0001506307-20-000022 · filed 2020-02-12FY2018 · Revenue $13.32B · Net income $1.61B · 0001506307-21-000022 · filed 2021-02-05FY18Revenue $13.32BNet income $1.61B0001506307-21-000022 · filed 2021-02-05FY2019 · Revenue $12.08B · Net income $2.19B · 0001506307-22-000018 · filed 2022-02-07FY19Revenue $12.08BNet income $2.19B0001506307-22-000018 · filed 2022-02-07FY2020 · Revenue $10.10B · Net income $119.0M · 0001506307-23-000023 · filed 2023-02-08FY20Revenue $10.10BNet income $119.0M0001506307-23-000023 · filed 2023-02-08FY2021 · Revenue $16.15B · Net income $1.78B · 0001506307-24-000011 · filed 2024-02-20FY21Revenue $16.15BNet income $1.78B0001506307-24-000011 · filed 2024-02-20FY2022 · Revenue $18.13B · Net income $2.55B · 0001506307-25-000008 · filed 2025-02-13FY22Revenue $18.13BNet income $2.55B0001506307-25-000008 · filed 2025-02-13FY2023 · Revenue $13.65B · Net income $2.39B · 0001506307-26-000011 · filed 2026-02-13FY23Revenue $13.65BNet income $2.39B0001506307-26-000011 · filed 2026-02-13FY2024 · Revenue $13.48B · Net income $2.61B · 0001506307-26-000011 · filed 2026-02-13FY24Revenue $13.48BNet income $2.61B0001506307-26-000011 · filed 2026-02-13FY2025 · Revenue $15.20B · Net income $3.06B · 0001506307-26-000011 · filed 2026-02-13FY25Revenue $15.20BNet income $3.06B0001506307-26-000011 · filed 2026-02-13FY25Revenue $15.20BNet income $3.06B0001506307-26-000011 · filed 2026-02-13FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 2.1× since FY2009 · net margin 6.9% → 20.1%

MarginsNet marginFCF margin
0%10%20%30%FY2009 · Net margin 6.9% · FCF margin 3.5%FY09Net margin 6.9%FCF margin 3.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin -0.5% · FCF margin 11.6%FY10Net margin -0.5%FCF margin 11.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 7.5% · FCF margin 14.7%FY11Net margin 7.5%FCF margin 14.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 3.2% · FCF margin 7.9%FY12Net margin 3.2%FCF margin 7.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 8.5% · FCF margin 5.4%FY13Net margin 8.5%FCF margin 5.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 6.3% · FCF margin 5.2%FY14Net margin 6.3%FCF margin 5.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 1.8% · FCF margin 9.8%FY15Net margin 1.8%FCF margin 9.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 5.4% · FCF margin 14.4%FY16Net margin 5.4%FCF margin 14.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 1.3% · FCF margin 10.3%FY17Net margin 1.3%FCF margin 10.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 12.1% · FCF margin 16.1%FY18Net margin 12.1%FCF margin 16.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 18.1% · FCF margin 20.5%FY19Net margin 18.1%FCF margin 20.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 1.2% · FCF margin 28.2%FY20Net margin 1.2%FCF margin 28.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 11.0% · FCF margin 27.4%FY21Net margin 11.0%FCF margin 27.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 14.1% · FCF margin 18.5%FY22Net margin 14.1%FCF margin 18.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 17.5% · FCF margin 30.6%FY23Net margin 17.5%FCF margin 30.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 19.4% · FCF margin 22.3%FY24Net margin 19.4%FCF margin 22.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 20.1% · FCF margin 19.0%FY25Net margin 20.1%FCF margin 19.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 20.1%FCF margin 19.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 20.1% · free cash flow 19.0% of revenue

Cash engineOperating cash flowFree cash flow
$0$2B$4B$6BFY2009 · OCF $1.58B · FCF $254.7M · 0001135017-12-000009 · filed 2012-02-23FY09OCF $1.58BFCF $254.7M0001135017-12-000009 · filed 2012-02-23FY2010 · OCF $1.91B · FCF $907.0M · 0001506307-13-000015 · filed 2013-03-01FY10OCF $1.91BFCF $907.0M0001506307-13-000015 · filed 2013-03-01FY2011 · OCF $2.37B · FCF $1.17B · 0001506307-14-000010 · filed 2014-02-24FY11OCF $2.37BFCF $1.17B0001506307-14-000010 · filed 2014-02-24FY2012 · OCF $2.81B · FCF $786.0M · 0001506307-15-000014 · filed 2015-02-23FY12OCF $2.81BFCF $786.0M0001506307-15-000014 · filed 2015-02-23FY2013 · OCF $4.12B · FCF $753.0M · 0001506307-16-000072 · filed 2016-02-16FY13OCF $4.12BFCF $753.0M0001506307-16-000072 · filed 2016-02-16FY2014 · OCF $4.47B · FCF $850.0M · 0001506307-17-000008 · filed 2017-02-10FY14OCF $4.47BFCF $850.0M0001506307-17-000008 · filed 2017-02-10FY2015 · OCF $5.31B · FCF $1.42B · 0001506307-18-000010 · filed 2018-02-09FY15OCF $5.31BFCF $1.42B0001506307-18-000010 · filed 2018-02-09FY2016 · OCF $4.76B · FCF $1.88B · 0001506307-19-000033 · filed 2019-02-08FY16OCF $4.76BFCF $1.88B0001506307-19-000033 · filed 2019-02-08FY2017 · OCF $4.60B · FCF $1.41B · 0001506307-20-000022 · filed 2020-02-12FY17OCF $4.60BFCF $1.41B0001506307-20-000022 · filed 2020-02-12FY2018 · OCF $5.04B · FCF $2.14B · 0001506307-21-000022 · filed 2021-02-05FY18OCF $5.04BFCF $2.14B0001506307-21-000022 · filed 2021-02-05FY2019 · OCF $4.75B · FCF $2.48B · 0001506307-22-000018 · filed 2022-02-07FY19OCF $4.75BFCF $2.48B0001506307-22-000018 · filed 2022-02-07FY2020 · OCF $4.55B · FCF $2.84B · 0001506307-23-000023 · filed 2023-02-08FY20OCF $4.55BFCF $2.84B0001506307-23-000023 · filed 2023-02-08FY2021 · OCF $5.71B · FCF $4.43B · 0001506307-24-000011 · filed 2024-02-20FY21OCF $5.71BFCF $4.43B0001506307-24-000011 · filed 2024-02-20FY2022 · OCF $4.97B · FCF $3.35B · 0001506307-25-000008 · filed 2025-02-13FY22OCF $4.97BFCF $3.35B0001506307-25-000008 · filed 2025-02-13FY2023 · OCF $6.49B · FCF $4.17B · 0001506307-26-000011 · filed 2026-02-13FY23OCF $6.49BFCF $4.17B0001506307-26-000011 · filed 2026-02-13FY2024 · OCF $5.63B · FCF $3.01B · 0001506307-26-000011 · filed 2026-02-13FY24OCF $5.63BFCF $3.01B0001506307-26-000011 · filed 2026-02-13FY2025 · OCF $5.92B · FCF $2.89B · 0001506307-26-000011 · filed 2026-02-13FY25OCF $5.92BFCF $2.89B0001506307-26-000011 · filed 2026-02-13FY25OCF $5.92BFCF $2.89B0001506307-26-000011 · filed 2026-02-13’09’13’17’21’25

FY2025: $5.92B operating cash − $3.03B capex = $2.89B free cash flow

Returns on capitalReturn on equityReturn on assets
0%5%10%FY2010 · ROE -1.2% · ROA -0.1%FY10ROE -1.2%ROA -0.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 6.9% · ROA 1.9%FY11ROE 6.9%ROA 1.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 2.3% · ROA 0.5%FY12ROE 2.3%ROA 0.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 9.1% · ROA 1.6%FY13ROE 9.1%ROA 1.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 3.0% · ROA 1.2%FY14ROE 3.0%ROA 1.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 0.7% · ROA 0.3%FY15ROE 0.7%ROA 0.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 2.1% · ROA 0.9%FY16ROE 2.1%ROA 0.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 0.5% · ROA 0.2%FY17ROE 0.5%ROA 0.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 4.8% · ROA 2.0%FY18ROE 4.8%ROA 2.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 6.5% · ROA 3.0%FY19ROE 6.5%ROA 3.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 0.4% · ROA 0.2%FY20ROE 0.4%ROA 0.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 5.8% · ROA 2.5%FY21ROE 5.8%ROA 2.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 8.3% · ROA 3.6%FY22ROE 8.3%ROA 3.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 7.9% · ROA 3.4%FY23ROE 7.9%ROA 3.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 8.6% · ROA 3.7%FY24ROE 8.6%ROA 3.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 9.8% · ROA 4.2%FY25ROE 9.8%ROA 4.2%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 9.8%ROA 4.2%derived: net income ÷ equity · derived: net income ÷ assets’13’17’21’25

return on equity -1% (FY2010) → 10% (FY2025) · on assets 4.2%

Balance sheetLiabilitiesEquity
$0$50BFY2010 · Liabilities $20.37B · Equity $3.44BFY10Liabilities $20.37BEquity $3.44B0001135017-12-000009 · filed 2012-02-23FY2011 · Liabilities $22.15B · Equity $8.57BFY11Liabilities $22.15BEquity $8.57B0001506307-13-000015 · filed 2013-03-01FY2012 · Liabilities $44.15B · Equity $13.87BFY12Liabilities $44.15BEquity $13.87B0001506307-14-000010 · filed 2014-02-24FY2013 · Liabilities $46.90B · Equity $13.09BFY13Liabilities $46.90BEquity $13.09B0001506307-15-000014 · filed 2015-02-23FY2014 · Liabilities $48.62B · Equity $34.08BFY14Liabilities $48.62BEquity $34.08B0001506307-16-000072 · filed 2016-02-16FY2015 · Liabilities $48.70B · Equity $35.12BFY15Liabilities $48.70BEquity $35.12B0001506307-17-000008 · filed 2017-02-10FY2016 · Liabilities $45.50B · Equity $34.43BFY16Liabilities $45.50BEquity $34.43B0001506307-18-000010 · filed 2018-02-09FY2017 · Liabilities $43.93B · Equity $35.19BFY17Liabilities $43.93BEquity $35.19B0001506307-19-000033 · filed 2019-02-08FY2018 · Liabilities $43.67B · Equity $33.68BFY18Liabilities $43.67BEquity $33.68B0001506307-20-000022 · filed 2020-02-12FY2019 · Liabilities $39.27B · Equity $33.74BFY19Liabilities $39.27BEquity $33.74B0001506307-21-000022 · filed 2021-02-05FY2020 · Liabilities $39.41B · Equity $31.44BFY20Liabilities $39.41BEquity $31.44B0001506307-22-000018 · filed 2022-02-07FY2021 · Liabilities $38.49B · Equity $30.82BFY21Liabilities $38.49BEquity $30.82B0001506307-23-000023 · filed 2023-02-08FY2022 · Liabilities $37.96B · Equity $30.74BFY22Liabilities $37.96BEquity $30.74B0001506307-24-000011 · filed 2024-02-20FY2023 · Liabilities $39.29B · Equity $30.31BFY23Liabilities $39.29BEquity $30.31B0001506307-25-000008 · filed 2025-02-13FY2024 · Liabilities $39.54B · Equity $30.53BFY24Liabilities $39.54BEquity $30.53B0001506307-26-000011 · filed 2026-02-13FY2025 · Liabilities $40.30B · Equity $31.16BFY25Liabilities $40.30BEquity $31.16B0001506307-26-000011 · filed 2026-02-13FY25Liabilities $40.30BEquity $31.16B0001506307-26-000011 · filed 2026-02-13’13’17’21’25

FY2025: $72.75B assets · $40.30B liabilities · $31.16B equity

The receipts