Kinder Morgan (KMI) FY2025 10-K Annual Report

Filed: Feb 13, 2026
Utilities
Natural Gas TransmissionSEC EDGAR

Kinder Morgan (KMI) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 13, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Kinder Morgan FY2025 10-K Analysis

Management Discussion & Analysis

  • Divestiture of EagleHawk 25% equity interest for $382 million in Natural Gas Pipelines segment
  • Acquisition of Outrigger Energy for $648 million, adding natural gas gathering/processing capacity in North Dakota
+3 more insights

Risk Factors

  • Dividend payments non-cumulative, risk of reduced future payments if expected dividends are unmet
  • Obligated Group cross guarantee exposes $31.15B debt securities to joint repayment risk among KMI and subsidiaries
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Kinder Morgan FY2025 Key Financial Metrics
XBRL

Revenue

$15.2B

+12.7% YoY

Net Income

$3.1B

+17.0% YoY

Operating Margin

31.1%

-144bp YoY

Net Margin

20.1%

+72bp YoY

ROE

9.8%

+125bp YoY

Total Assets

$72.7B

+1.9% YoY

EPS (Diluted)

$1.37

+17.1% YoY

Operating Cash Flow

$5.9B

+5.0% YoY

Source: XBRL data from Kinder Morgan FY2025 10-K filing on SEC EDGAR. All figures in USD.

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