← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
KINDER MORGAN, INC.: Revenue grew 12.7% to $15.2B from $13.48B. Net income grew 17% to $3.056B from $2.613B. Free cash flow declined 3.8% to $2.891B from $3.006B. Operating margin contracted 145 bps to 31.07%. KINDER MORGAN, INC.'s annual comparison also shows free cash flow declined despite revenue growth; capital spending grew faster than revenue; the balance-sheet screen falls in the distress range and requires business-model context.
The read at a glance✓ Audited against SEC data
- Growth — Revenue grew 12.7% to $15.2B from $13.48BOK
- Profitability — Net income grew 17% to $3.056B from $2.613BOK
- Cash flow — Free cash flow declined 3.8% to $2.891B from $3.006BWatch
- Margins — Operating margin contracted 145 bps to 31.07%Watch
- Accounting — Distress-range screen needs contextWatch
- Insiders — 4 purchases and 15 salesOK
Business
We believe Adjusted Segment EBDA is a useful performance metric because it provides management, investors, and other external users of our financial statements additional insight into performance trends across our business segments, our segments’ relative contributions to our consolidated performance, and the ability of our segments to generate earnings on an ongoing basis.
Where the revenue comes from
Fiscal 2025, as KINDER MORGAN, INC. reports it. History and quarterly detail are in the app.
- Natural Gas Pipelines$11.0B
- Products Pipelines$2.7B
- Terminals$2.1B
- CO2$1.2B
Leadership changes
From KINDER MORGAN, INC.'s own filings, the day they're filed.
- Deborah Macdonald · Directors · departureeff. 2025-02-24
- Ronald Kuehn · Directors · departureeff. 2023-12-15
Latest filings
- 8-K · Company announcement2026-08-10
- 8-K · Company announcement2026-08-03
- 10-Q · Quarterly report2026-07-24
- 8-K · Company announcement2026-07-22
- 8-K · Company announcement2026-05-28
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about KINDER MORGAN, INC., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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