KMI Kinder Morgan

FY2025 10-K
Filed: Feb 13, 2026
Utilities
Natural Gas TransmissionSEC EDGAR

Kinder Morgan (KMI) filed its fiscal year 2025 10-K annual report with the SEC on Feb 13, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

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
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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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Financial Summary
XBRL

Revenue

$15.2B

Net Income

$3.1B

Operating Margin

31.1%

Net Margin

20.1%

ROE

9.8%

Total Assets

$72.7B

EPS (Diluted)

$1.37

Operating Cash Flow

$5.9B

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

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