NYSE: KMI
KINDER MORGAN, INC.CIK 0001506307 · SIC 4922 · Natural Gas Distribution
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Kinder Morgan issues $1.75B in senior notes to refinance debt and repay commercial paper
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Kinder Morgan files preliminary prospectus for two series of senior notes; terms not yet set
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Latest financial statements
From 10-Q filed Jul 24, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Income (Unaudited)
(In millions, except per share amounts, unaudited)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenues | ||||
| Services | 2,456 | 2,326 | 4,981 | 4,686 |
| Commodity sales | 1,978 | 1,668 | 4,223 | 3,504 |
| Other | 43 | 48 | 101 | 93 |
| Total Revenues | 4,477 | 4,042 | 9,305 | 8,283 |
| Operating Costs, Expenses, and Other | ||||
| Costs of sales (exclusive of items shown separately below) | 1,405 | 1,211 | 3,154 | 2,687 |
| Operations and maintenance | 806 | 773 | 1,517 | 1,484 |
| Depreciation, depletion, and amortization | 620 | 616 | 1,253 | 1,226 |
| General and administrative | 192 | 188 | 376 | 375 |
| Taxes, other than income taxes | 120 | 111 | 234 | 223 |
| Other income, net | (12) | (9) | (19) | (9) |
| Total Operating Costs, Expenses, and Other | 3,131 | 2,890 | 6,515 | 5,986 |
| Operating Income | 1,346 | 1,152 | 2,790 | 2,297 |
| Other Income (Expense) | ||||
| Earnings from equity investments | 225 | 206 | 479 | 426 |
| Interest, net | (425) | (452) | (855) | (903) |
| Other, net | 20 | 13 | 40 | 28 |
| Total Other Expense | (180) | (233) | (336) | (449) |
| Income Before Income Taxes | 1,166 | 919 | 2,454 | 1,848 |
| Income Tax Expense | (272) | (177) | (559) | (363) |
| Net Income | 894 | 742 | 1,895 | 1,485 |
| Net Income Attributable to Noncontrolling Interests | (27) | (27) | (52) | (53) |
| Net Income Attributable to Kinder Morgan, Inc. | 867 | 715 | 1,843 | 1,432 |
| Class P Common Stock | ||||
| Basic and Diluted Earnings Per Share | 0.39 | 0.32 | 0.82 | 0.64 |
| Basic and Diluted Weighted Average Shares Outstanding | 2,225 | 2,222 | 2,225 | 2,222 |
Consolidated Balance Sheets (Unaudited)
(In millions, except share and per share amounts, unaudited)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | 89 | 63 |
| Restricted deposits | 30 | 46 |
| Accounts receivable | 1,563 | 1,714 |
| Inventories | 565 | 574 |
| Other current assets | 341 | 357 |
| Total current assets | 2,588 | 2,754 |
| Property, plant, and equipment, net | 40,522 | 39,331 |
| Investments | 7,705 | 7,532 |
| Goodwill | 20,084 | 20,084 |
| Other intangibles, net | 1,872 | 1,730 |
| Deferred charges and other assets | 1,291 | 1,317 |
| Total Assets | 74,062 | 72,748 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities | ||
| Current portion of debt | 2,443 | 1,226 |
| Accounts payable | 1,567 | 1,408 |
| Accrued interest | 514 | 534 |
| Accrued taxes | 216 | 256 |
| Other current liabilities | 907 | 898 |
| Total current liabilities | 5,647 | 4,322 |
| Long-term liabilities and deferred credits | ||
| Long-term debt | ||
| Outstanding | 29,701 | 30,597 |
| Debt fair value adjustments | 104 | 180 |
| Total long-term debt | 29,805 | 30,777 |
| Deferred income taxes | 3,439 | 2,891 |
| Other long-term liabilities and deferred credits | 2,292 | 2,309 |
| Total long-term liabilities and deferred credits | 35,536 | 35,977 |
| Total Liabilities | 41,183 | 40,299 |
| Commitments and contingencies (Notes 3 and 9) | ||
| Stockholders’ Equity | ||
| Class P Common Stock, $0.01 par value, 4,000,000,000 shares authorized, 2,224,819,927 and 2,224,777,750 shares, respectively, issued and outstanding | 22 | 22 |
| Additional paid-in capital | 41,316 | 41,276 |
| Accumulated deficit | (9,657) | (10,181) |
| Accumulated other comprehensive (loss)/income | (50) | 45 |
| Total Kinder Morgan, Inc.’s stockholders’ equity | 31,631 | 31,162 |
| Noncontrolling interests | 1,248 | 1,287 |
| Total Stockholders’ Equity | 32,879 | 32,449 |
| Total Liabilities and Stockholders’ Equity | 74,062 | 72,748 |
Consolidated Statements of Cash Flows
(In millions, unaudited)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash Flows From Operating Activities | ||
| Net income | 1,895 | 1,485 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Depreciation, depletion, and amortization | 1,253 | 1,226 |
| Deferred income taxes | 576 | 327 |
| Change in fair value of derivative contracts | 13 | (11) |
| Earnings from equity investments | (479) | (426) |
| Distributions of equity investment earnings | 363 | 397 |
| Changes in components of working capital | ||
| Accounts receivable | 157 | 67 |
| Inventories | 12 | (2) |
| Other current assets | (34) | 14 |
| Accounts payable | (85) | (53) |
| Accrued interest, net of interest rate swaps | (18) | (18) |
| Accrued taxes | (40) | (60) |
| Other current liabilities | 2 | (30) |
| Other, net | (164) | (105) |
| Net Cash Provided by Operating Activities | 3,451 | 2,811 |
| Cash Flows From Investing Activities | ||
| Acquisition of assets, net of cash acquired (Note 2) | (503) | (648) |
| Capital expenditures | (1,786) | (1,413) |
| Contributions to investments | (142) | (69) |
| Distributions from equity investments in excess of cumulative earnings | 96 | 92 |
| Other, net | (20) | (1) |
| Net Cash Used in Investing Activities | (2,355) | (2,039) |
| Cash Flows From Financing Activities | ||
| Issuances of debt | 4,026 | 6,523 |
| Payments of debt | (3,715) | (5,910) |
| Debt issue costs | (10) | (16) |
| Dividends | (1,319) | (1,296) |
| Distributions to noncontrolling interests | (77) | (78) |
| Other, net | 9 | (12) |
| Net Cash Used in Financing Activities | (1,086) | (789) |
| Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Deposits | 10 | (17) |
| Cash, Cash Equivalents, and Restricted Deposits, beginning of period | 109 | 214 |
| Cash, Cash Equivalents, and Restricted Deposits, end of period | 119 | 197 |
Amounts as printed on the EDGAR/iXBRL face — (In millions, except per share amounts, unaudited); (In millions, except share and per share amounts, unaudited); (In millions, unaudited). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗