Kinder Morgan, Inc. revenue by segment KMI

Annual Quarterly

Kinder Morgan, Inc. splits its revenue 2 ways in its filings. By operating segments, the largest line in fiscal 2025, which ended Dec 31, 2025 was Natural Gas Pipelines at $11.0 billion, 72% of the total. By sales mix, the largest line in fiscal 2025, which ended Dec 31, 2025 was Firm Services at $5.3 billion, 35% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	16,745	15,202	13,483	13,647	18,128	16,154	10,097	12,080	13,318	13,705	13,058
Operating segments
Natural Gas Pipelines	11,886 +14.4% share 71.0%	10,990 +23.1% share 72.3%	8,930 -2.4% share 66.2%	9,152 -27.7% share 67.1%	12,659 +8.7% share 69.8%	11,644 +61.2% share 72.1%	7,222 -11.1% share 71.5%	8,128 -7.7% share 67.3%	8,807 +3.6% share 66.1%	8,502 share 62.0%	—
Products Pipelines	3,016 +8.8% share 18.0%	2,686 -9.1% share 17.7%	2,955 -3.6% share 21.9%	3,066 -10.3% share 22.5%	3,418 +52.2% share 18.9%	2,245 +30.4% share 13.9%	1,721 -6.0% share 17.0%	1,831 -3.0% share 15.2%	1,887 +8.2% share 14.2%	1,744 share 12.7%	—
Co2	1,233 +4.5% share 7.4%	1,167 -2.9% share 7.7%	1,202 -0.2% share 8.9%	1,205 -9.7% share 8.8%	1,334 +32.2% share 7.4%	1,009 -2.8% share 6.2%	1,038 -14.8% share 10.3%	1,219 -2.9% share 10.1%	1,255 +4.9% share 9.4%	1,196 share 8.7%	—
Sales mix
Firm Services	5,611 +7.2% share 33.5%	5,342 +7.8% share 35.1%	4,957 +9.3% share 36.8%	4,537 +0.5% share 33.2%	4,515 +2.4% share 24.9%	4,411 +0.9% share 27.3%	4,370 -10.4% share 43.3%	4,877 +2.8% share 40.4%	4,746 share 35.6%	—	—
Natural Gas Sales	4,375 +24.5% share 26.1%	3,949 +68.8% share 26.0%	2,340 -12.2% share 17.4%	2,666 -57.9% share 19.5%	6,340 -2.2% share 35.0%	6,480 +218.9% share 40.1%	2,032 -21.7% share 20.1%	2,595 -21.8% share 21.5%	3,318 share 24.9%	—	—
Product Other Than Natural Gas	3,718 +15.0% share 22.2%	3,063 -12.1% share 20.1%	3,486 -10.2% share 25.9%	3,884 -20.9% share 28.5%	4,913 +56.0% share 27.1%	3,149 +92.1% share 19.5%	1,639 -25.2% share 16.2%	2,192 -21.4% share 18.1%	2,788 share 20.9%	—	—
Feebasedservices	2,893 +8.7% share 17.3%	2,719 +4.7% share 17.9%	2,597 +3.8% share 19.3%	2,502 +6.0% share 18.3%	2,360 +11.6% share 13.0%	2,114 +2.8% share 13.1%	2,056 -14.9% share 20.4%	2,416 -2.0% share 20.0%	2,466 share 18.5%	—	—
Product And Service Other	202 +8.0% share 1.2%	192 -15.4% share 1.3%	227 +28.2% share 1.7%	177 +12.0% share 1.3%	158 +13.7% share 0.9%	139 -27.2% share 0.9%	191 -4.5% share 1.9%	200 -1.0% share 1.7%	202 +21.7% share 1.5%	166 share 1.2%	—
Other Commodity	148 +20.3% share 0.9%	129 +25.2% share 0.8%	103 +77.6% share 0.8%	58 -27.5% share 0.4%	80 share 0.4%	—	—	—	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry: Natural Gas Transmission (SIC 4922)
Listed as: KMI (NYSE), EP-PC (NYSE)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Houston, TX
SEC filer status: Large accelerated filer
SEC CIK: 1506307
Former names: Kinder Morgan Holdco LLC (until Feb 11, 2011)

Other Natural Gas Transmission companies

All 18 Natural Gas Transmission companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.