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 operating margin
Operating margin is operating income as a percentage of revenue.
Kinder Morgan's operating margin for the twelve months ending Sep 30, 2026 was 29.0%. For fiscal 2025 it was 27.9%, against 29.0% the year before. The highest annual figure on record is 36.9% in fiscal 2019.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 27.9% | −1.1 |
| FY2024 | Dec 31, 2024 | 29.0% | +1.2 |
| FY2023 | Dec 31, 2023 | 27.8% | +6.6 |
| FY2022 | Dec 31, 2022 | 21.2% | +3.6 |
| FY2021 | Dec 31, 2021 | 17.6% | +4.2 |
| FY2020 | Dec 31, 2020 | 13.3% | −23.6 |
| FY2019 | Dec 31, 2019 | 36.9% | +10.1 |
| FY2018 | Dec 31, 2018 | 26.8% | +1.1 |
| FY2017 | Dec 31, 2017 | 25.7% | −1.3 |
| FY2016 | Dec 31, 2016 | 27.1% | +10.1 |
| FY2015 | Dec 31, 2015 | 17.0% | −10.4 |
| FY2014 | Dec 31, 2014 | 27.4% | −0.9 |
| FY2013 | Dec 31, 2013 | 28.4% | +2.4 |
| FY2012 | Dec 31, 2012 | 26.0% | +8.1 |
| FY2011 | Dec 31, 2011 | 17.9% | +3.5 |
| FY2010 | Dec 31, 2010 | 14.4% | −5.2 |
| FY2009 | Dec 31, 2009 | 19.6% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 25.6% | −0.0 |
| Q2 FY2026 | Jun 30, 2026 | 30.1% | +1.6 |
| Q1 FY2026 | Mar 31, 2026 | 29.9% | +2.9 |
| Q4 FY2025 | Dec 31, 2025 | 30.3% | +2.5 |
| Q3 FY2025 | Sep 30, 2025 | 25.6% | −1.8 |
| Q2 FY2025 | Jun 30, 2025 | 28.5% | −0.6 |
| Q1 FY2025 | Mar 31, 2025 | 27.0% | −4.8 |
| Q4 FY2024 | Dec 31, 2024 | 27.8% | +0.5 |
| Q3 FY2024 | Sep 30, 2024 | 27.4% | +3.4 |
| Q2 FY2024 | Jun 30, 2024 | 29.1% | −0.4 |
| Q1 FY2024 | Mar 31, 2024 | 31.8% | +1.1 |
| Q4 FY2023 | Dec 31, 2023 | 27.3% | +3.2 |
| Q3 FY2023 | Sep 30, 2023 | 24.0% | +6.0 |
| Q2 FY2023 | Jun 30, 2023 | 29.4% | +9.9 |
| Q1 FY2023 | Mar 31, 2023 | 30.7% | +6.9 |
| Q4 FY2022 | Dec 31, 2022 | 24.1% | +2.6 |
| Q3 FY2022 | Sep 30, 2022 | 18.0% | −4.1 |
| Q2 FY2022 | Jun 30, 2022 | 19.5% | +43.8 |
| Q1 FY2022 | Mar 31, 2022 | 23.9% | −12.3 |
| Q4 FY2021 | Dec 31, 2021 | 21.5% | −10.0 |
| Q3 FY2021 | Sep 30, 2021 | 22.1% | −6.0 |
| Q2 FY2021 | Jun 30, 2021 | -24.3% | −13.2 |
| Q1 FY2021 | Mar 31, 2021 | 36.2% | +34.8 |
| Q4 FY2020 | Dec 31, 2020 | 31.5% | −26.1 |
| Q3 FY2020 | Sep 30, 2020 | 28.1% | −1.5 |
| Q2 FY2020 | Jun 30, 2020 | -11.0% | −41.3 |
| Q1 FY2020 | Mar 31, 2020 | 1.4% | −28.3 |
| Q4 FY2019 | Dec 31, 2019 | 57.6% | +29.6 |
| Q3 FY2019 | Sep 30, 2019 | 29.6% | −13.5 |
| Q2 FY2019 | Jun 30, 2019 | 30.3% | +22.3 |
| Q1 FY2019 | Mar 31, 2019 | 29.7% | +1.9 |
| Q4 FY2018 | Dec 31, 2018 | 28.0% | +5.7 |
| Q3 FY2018 | Sep 30, 2018 | 43.1% | +17.9 |
| Q2 FY2018 | Jun 30, 2018 | 7.9% | −19.3 |
| Q1 FY2018 | Mar 31, 2018 | 27.8% | −0.8 |
| Q4 FY2017 | Dec 31, 2017 | 22.2% | −4.3 |
| Q3 FY2017 | Sep 30, 2017 | 25.2% | – |
| Q2 FY2017 | Jun 30, 2017 | 27.3% | – |
| Q1 FY2017 | Mar 31, 2017 | 28.5% | – |
| Q4 FY2016 | Dec 31, 2016 | 26.6% | – |
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