Kinder Morgan, Inc. (KMI) stock
KMINYSENatural Gas TransmissionFiscal year ends December 31Also trades as EP.PC
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 23, 2026Score 11/3010% above fair value
$31.92−0.09 (-0.28%)
Close on Nov 13, 2026Market cap $71.11BP/E 19.7Yield 3.65%
Kinder Morgan gross margin
Gross margin is gross profit as a percentage of revenue.
Kinder Morgan's gross margin for the twelve months ending Sep 30, 2026 was 66.4%. For fiscal 2025 it was 67.4%, against 71.3% the year before. The highest annual figure on record is 78.2% in fiscal 2020.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 67.4% | −3.9 |
| FY2024 | Dec 31, 2024 | 71.3% | +3.5 |
| FY2023 | Dec 31, 2023 | 67.8% | +16.0 |
| FY2022 | Dec 31, 2022 | 51.8% | −9.1 |
| FY2021 | Dec 31, 2021 | 60.9% | −17.3 |
| FY2020 | Dec 31, 2020 | 78.2% | +3.0 |
| FY2019 | Dec 31, 2019 | 75.3% | +6.6 |
| FY2018 | Dec 31, 2018 | 68.7% | +0.4 |
| FY2017 | Dec 31, 2017 | 68.3% | −5.4 |
| FY2016 | Dec 31, 2016 | 73.7% | +1.9 |
| FY2015 | Dec 31, 2015 | 71.8% | +10.5 |
| FY2014 | Dec 31, 2014 | 61.3% | −1.4 |
| FY2013 | Dec 31, 2013 | 62.7% | −6.7 |
| FY2012 | Dec 31, 2012 | 69.3% | +10.6 |
| FY2011 | Dec 31, 2011 | 58.7% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 65.4% | −0.9 |
| Q2 FY2026 | Jun 30, 2026 | 68.6% | −1.4 |
| Q1 FY2026 | Mar 31, 2026 | 63.8% | −1.4 |
| Q4 FY2025 | Dec 31, 2025 | 67.9% | −1.0 |
| Q3 FY2025 | Sep 30, 2025 | 66.4% | −6.0 |
| Q2 FY2025 | Jun 30, 2025 | 70.0% | −2.9 |
| Q1 FY2025 | Mar 31, 2025 | 65.2% | −6.0 |
| Q4 FY2024 | Dec 31, 2024 | 68.9% | +2.3 |
| Q3 FY2024 | Sep 30, 2024 | 72.3% | +8.3 |
| Q2 FY2024 | Jun 30, 2024 | 72.9% | +0.7 |
| Q1 FY2024 | Mar 31, 2024 | 71.2% | +2.4 |
| Q4 FY2023 | Dec 31, 2023 | 66.6% | +9.5 |
| Q3 FY2023 | Sep 30, 2023 | 64.0% | +16.5 |
| Q2 FY2023 | Jun 30, 2023 | 72.3% | +24.4 |
| Q1 FY2023 | Mar 31, 2023 | 68.8% | +12.9 |
| Q4 FY2022 | Dec 31, 2022 | 57.2% | +2.1 |
| Q3 FY2022 | Sep 30, 2022 | 47.5% | −11.7 |
| Q2 FY2022 | Jun 30, 2022 | 47.9% | −22.4 |
| Q1 FY2022 | Mar 31, 2022 | 55.9% | −5.6 |
| Q4 FY2021 | Dec 31, 2021 | 55.1% | −19.7 |
| Q3 FY2021 | Sep 30, 2021 | 59.2% | −18.3 |
| Q2 FY2021 | Jun 30, 2021 | 70.3% | −12.5 |
| Q1 FY2021 | Mar 31, 2021 | 61.4% | −17.2 |
| Q4 FY2020 | Dec 31, 2020 | 74.8% | −2.1 |
| Q3 FY2020 | Sep 30, 2020 | 77.6% | +1.3 |
| Q2 FY2020 | Jun 30, 2020 | 82.8% | +6.9 |
| Q1 FY2020 | Mar 31, 2020 | 78.7% | +6.3 |
| Q4 FY2019 | Dec 31, 2019 | 76.8% | +8.6 |
| Q3 FY2019 | Sep 30, 2019 | 76.3% | +8.6 |
| Q2 FY2019 | Jun 30, 2019 | 75.8% | +7.0 |
| Q1 FY2019 | Mar 31, 2019 | 72.4% | +2.2 |
| Q4 FY2018 | Dec 31, 2018 | 68.3% | +1.5 |
| Q3 FY2018 | Sep 30, 2018 | 67.7% | −1.6 |
| Q2 FY2018 | Jun 30, 2018 | 68.8% | +0.6 |
| Q1 FY2018 | Mar 31, 2018 | 70.2% | +1.2 |
| Q4 FY2017 | Dec 31, 2017 | 66.8% | −4.5 |
| Q3 FY2017 | Sep 30, 2017 | 69.3% | – |
| Q2 FY2017 | Jun 30, 2017 | 68.2% | – |
| Q1 FY2017 | Mar 31, 2017 | 69.0% | – |
| Q4 FY2016 | Dec 31, 2016 | 71.2% | – |
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