10-Q quarterly report · filed Apr 18, 2025

Kinder Morgan (KMI) Q1 2025 10-Q Quarterly Report

Short answer

Kinder Morgan (KMI) filed its Q1 2025 10-Q quarterly report on Apr 18, 2025 for the quarter ended Mar 31, 2025. Quarterly revenue was $3.9B (up 13.3% year over year) with net income of $717M.

Q1 2025 key financials · XBRL

Revenue
$3.9B
+13.3% YoY
Net income
$717M
−3.9% YoY
Operating margin
29.6%
EPS (diluted)
$0.32
−3.0% YoY

Source: XBRL data from the Kinder Morgan (KMI) Q1 2025 10-Q on SEC EDGAR. USD.

Kinder Morgan Q1 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • No profitability or margin figures provided
  • No details on cash position, operating cash flow, or capital deployment
  • No management commentary on near-term outlook, guidance, or headwinds

Risk Factors

  • Newly added risk: U.S. tariffs on steel imports (25% since March 12, 2025) and 10% on product imports (April 2, 2025) increasing construction and maintenance costs
  • Most material update: Tariffs causing financial market volatility and uncertainty impacting capital costs and availability, restricting growth opportunities
  • Regulatory risk: Potential retaliatory trade measures and rapidly changing U.S. trade policies with limited advance notice increasing compliance complexity
  • Market risk: Decreased demand risk from economic uncertainty, inflation, and reduced consumer confidence linked to tariff-induced market conditions
  • Financial risk: Increased cost of capital and limited access to external financing due to market disruptions and adverse tariff impacts on cash flows

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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