Kinder Morgan(NYSE) KMI

Kinder Morgan, Inc. moves energy through large networks of pipelines. It helps power plants and factories get essential fuel. These systems support heating and electricity for millions of homes.

Fueling the North American Economy

• Natural Gas Pipelines: Manages interstate and intrastate pipelines and storage systems; generated $2.7 billion in revenue during the three-month period ended June 30, 2026.
• Products Pipelines: Operates delivery systems for refined petroleum, crude oil, and condensate; generated $902 million in revenue during the three-month period ended June 30, 2026.
• Terminals: Provides storage and handling for liquids and bulk materials like gasoline and chemicals; generated $558 million in revenue during the three-month period ended June 30, 2026.
• CO2 Segment: Produces and markets carbon dioxide for oil recovery while managing renewable natural gas; generated $355 million in revenue during the three-month period ended June 30, 2026.

Expanding the Network Reach

• Purchased the Monument Pipeline system for $503 million in May 2026 to serve the Houston metropolitan area.
• Acquired Outrigger Energy for $648 million during the six-month period ended June 30, 2025.
• Allocated $4.1 billion for expansion projects, acquisitions, and joint venture contributions for the 2026 calendar year.

Infrastructure and Risk Management

Kinder Morgan manages approximately 83,000 miles of pipelines and 143 terminals to facilitate energy distribution. It uses commodity hedge contracts and interest rate swaps to manage financial risks from market price volatility.

Performance by the Numbers

• Revenues reached $4.5 billion in the three-month period ended June 30, 2026, up 11% year over year.
• Net income attributable to the company was $867 million in the three-month period ended June 30, 2026, up 21% year over year.
• Operating income grew to $1.3 billion in the three-month period ended June 30, 2026, up 17% year over year.
• Net cash provided by operating activities reached $3.5 billion in the six-month period ended June 30, 2026.

A Shifting Energy Landscape

Kinder Morgan has transitioned from a pure pipeline operator to a diversified infrastructure provider including renewable natural gas and carbon management. Its extensive asset network and fee-based service models support operations across changing energy markets.