Kinder Morgan, Inc.
Close on Nov 2, 2026Market cap $72.84BP/E 21.0Yield 3.56%
Kinder Morgan Natural Gas Pipelines by Year
Natural Gas Pipelines — Segment Cost of Sales & Operating Expenses (ASU 2023-07, $M) ($M)
Kinder Morgan Natural Gas Pipelines: $4,299M in FY2025, up 51.5% from a year earlier.
Where the FY2025 figure comes from
“Costs of sales | ( 4,299 ) | ( 1,112 ) | ( 50 ) | ( 94 )”
Source: KMI FY2025 Form 10-K Annual Report ↗
Parent row shows Cost of Sales; child rows show ASU 2023-07 significant segment operating expenses and equity-method earnings (Q4 derived as FY − 9M).
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Natural Gas Pipelines — Segment Cost of Sales & Operating Expenses (ASU 2023-07, $M) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 4,299 | +51.5% | KMI FY2025 Form 10-K Annual Report ↗ |
| FY2024 | Dec 31, 2024 | 2,837 | -12.9% | KMI FY2025 Form 10-K Annual Report ↗ |
| FY2023 | Dec 31, 2023 | 3,258 | -54.6% | KMI FY2025 Form 10-K Annual Report ↗ |
| FY2022 | Dec 31, 2022 | 7,171 | – | KMI FY2024 Form 10-K Annual Report ↗ |
Breakdown
What makes up natural Gas Pipelines
- Segment Labor Expense — Natural Gas Pipelines ($M)331 · FY2025
- Segment Fuel & Power Expense — Natural Gas Pipelines ($M)87 · FY2025
- Segment Field Non-Labor O&M Expense — Natural Gas Pipelines ($M)901 · FY2025
- Segment Taxes Other Than Income Taxes — Natural Gas Pipelines ($M)287 · FY2025
- Segment Earnings from Equity Investments — Natural Gas Pipelines ($M)817 · FY2025
Cite this data
StockData. (2026). Kinder Morgan Natural Gas Pipelines ($M), annual FY2022–FY2025 [Data set]. Compiled from Kinder Morgan SEC filings and investor materials. https://stockdatahq.com/stocks/kmi/kpis/seg-exp-cos-ng-musd
See every metric in the Kinder Morgan KPI table. Data updated Nov 2, 2026.