Kinder Morgan (KMI) Revenue & Revenue Breakdown

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Kinder Morgan Revenue Highlights

Latest Revenue (Y)

$15.10B

Latest Revenue (Q)

$4.15B

Main Segment (Y)

Natural Gas Pipelines

Main Geography (Y)

UNITED STATES

Kinder Morgan Revenue by Period

Kinder Morgan Revenue by Year

Date	Revenue	Change
2024-12-31	$15.10B	-1.53%
2023-12-31	$15.33B	-20.14%
2022-12-31	$19.20B	15.59%
2021-12-31	$16.61B	41.97%
2020-12-31	$11.70B	-11.42%
2019-12-31	$13.21B	-6.61%
2018-12-31	$14.14B	3.20%
2017-12-31	$13.71B	4.95%
2016-12-31	$13.06B	-9.34%
2015-12-31	$14.40B	-11.24%
2014-12-31	$16.23B	15.32%
2013-12-31	$14.07B	41.08%
2012-12-31	$9.97B	20.67%
2011-12-31	$8.26B	0.91%
2010-12-31	$8.19B	13.99%
2009-12-31	$7.19B	-40.59%
2008-12-31	$12.09B	-

Kinder Morgan generated $15.10B in revenue during NA 2024, up -1.53% compared to the previous quarter, and up 114.32% compared to the same period a year ago.

Kinder Morgan Revenue by Quarter

Date	Revenue	Change
2025-09-30	$4.15B	2.57%
2025-06-30	$4.04B	-4.98%
2025-03-31	$4.25B	7.23%
2024-12-31	$3.97B	7.92%
2024-09-30	$3.68B	2.20%
2024-06-30	$3.60B	-6.16%
2024-03-31	$3.83B	-3.43%
2023-12-31	$3.97B	1.46%
2023-09-30	$3.91B	12.64%
2023-06-30	$3.47B	-8.65%
2023-03-31	$3.80B	-15.85%
2022-12-31	$4.52B	-13.93%
2022-09-30	$5.25B	-1.94%
2022-06-30	$5.35B	20.73%
2022-03-31	$4.43B	-0.98%
2021-12-31	$4.48B	13.14%
2021-09-30	$3.96B	22.31%
2021-06-30	$3.24B	-44.80%
2021-03-31	$5.86B	88.97%
2020-12-31	$3.10B	7.75%
2020-09-30	$2.88B	15.39%
2020-06-30	$2.50B	-16.75%
2020-03-31	$3.00B	-10.64%
2019-12-31	$3.35B	5.04%
2019-09-30	$3.19B	-0.44%
2019-06-30	$3.21B	-5.84%
2019-03-31	$3.41B	-7.67%
2018-12-31	$3.69B	3.02%
2018-09-30	$3.58B	0.93%
2018-06-30	$3.55B	3.80%
2018-03-31	$3.42B	-5.89%
2017-12-31	$3.63B	10.70%
2017-09-30	$3.28B	-2.58%
2017-06-30	$3.37B	-1.64%
2017-03-31	$3.42B	1.03%
2016-12-31	$3.39B	1.77%
2016-09-30	$3.33B	5.92%
2016-06-30	$3.14B	-1.60%
2016-03-31	$3.19B	-12.13%
2015-12-31	$3.64B	-1.92%
2015-09-30	$3.71B	7.05%
2015-06-30	$3.46B	-3.73%
2015-03-31	$3.60B	-8.96%
2014-12-31	$3.95B	-7.92%
2014-09-30	$4.29B	8.99%
2014-06-30	$3.94B	-2.72%
2014-03-31	$4.05B	4.52%
2013-12-31	$3.87B	5.97%
2013-09-30	$3.65B	8.04%
2013-06-30	$3.38B	10.52%
2013-03-31	$3.06B	-0.62%
2012-12-31	$3.08B	7.28%
2012-09-30	$2.87B	32.50%
2012-06-30	$2.17B	16.64%
2012-02-22	$1.86B	-7.95%
2011-12-31	$2.02B	-8.55%
2011-09-30	$2.21B	8.48%
2011-06-30	$2.03B	1.26%
2011-03-31	$2.01B	2.77%
2010-12-31	$1.95B	-6.43%
2010-09-30	$2.09B	4.89%
2010-06-30	$1.99B	-7.73%
2010-03-31	$2.16B	10.61%
2009-12-31	$1.95B	-

Kinder Morgan generated $4.15B in revenue during Q3 2025, up 2.57% compared to the previous quarter, and up 115.26% compared to the same period a year ago.

Kinder Morgan Revenue Breakdown

Kinder Morgan Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Products Pipelines	$2.96B	$3.07B	-	-	-
CO2	$1.20B	$1.24B	-	-	-
Natural Gas Pipelines	$8.94B	$9.17B	-	-	-
Terminals	$2.02B	$1.92B	-	-	-
Product	-	$6.79B	$10.90B	$8.71B	$3.89B
Natural Gas Sales	-	$2.72B	$6.34B	$6.48B	$2.03B
Firm Services	-	$4.54B	$4.51B	$4.41B	$4.37B
Fee-based services	-	$2.50B	$2.36B	$2.11B	$2.06B
Service	-	$7.04B	$6.88B	$6.53B	$6.43B
Product Other Than Natural Gas	-	$3.88B	$4.91B	$3.15B	$1.64B

Kinder Morgan's latest annual revenue breakdown by segment (product or service), as of Dec 24: Natural Gas Pipelines (59.13%), Products Pipelines (19.54%), Terminals (13.37%), and CO2 (7.96%).

Quarterly Revenue by Product

Product/Service	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20
Terminals	$518.00M	$533.00M	$518.00M	$519.00M	$498.00M	$509.00M	$496.00M	-	-	-	-	-	-	-	-	-	-	-	-	-
Products Pipelines	$677.00M	$691.00M	$663.00M	$740.00M	$711.00M	$776.00M	$728.00M	-	-	-	-	-	-	-	-	-	-	-	-	-
Natural Gas Pipelines	$2.68B	$2.54B	$2.75B	$2.44B	$2.18B	$1.99B	$2.34B	-	-	-	-	-	-	-	-	-	-	-	-	-
CO2	$282.00M	$290.00M	$312.00M	$277.00M	$319.00M	$306.00M	$302.00M	-	-	-	-	-	-	-	-	-	-	-	-	-
Product Other Than Natural Gas	-	-	-	-	-	-	$866.00M	$1.03B	$1.07B	$896.00M	$881.00M	$1.07B	$1.26B	$1.47B	$1.10B	$1.03B	$895.00M	$657.00M	$569.00M	$453.00M
Product	-	-	-	-	-	-	$1.52B	$1.79B	$1.79B	$1.42B	$1.78B	$2.48B	$3.11B	$3.10B	$2.21B	$2.37B	$1.87B	$1.25B	$3.23B	$1.12B
Total Services Revenue	-	-	-	-	-	-	$1.90B	$1.75B	$1.71B	$1.75B	$1.71B	$1.69B	$1.74B	$1.62B	$1.58B	$1.61B	-	-	-	-
Firm Services	-	-	-	-	-	-	$1.26B	$1.16B	$1.11B	$1.11B	$1.16B	$1.12B	$1.10B	$1.11B	$1.19B	$1.15B	$1.08B	$1.06B	$1.12B	$1.11B
Fee-based services	-	-	-	-	-	-	$639.00M	$674.00M	$642.00M	$602.00M	$584.00M	$612.00M	$607.00M	$583.00M	$558.00M	$568.00M	$537.00M	$514.00M	$495.00M	$524.00M
Natural Gas Sales	-	-	-	-	-	-	$644.00M	$700.00M	$712.00M	$495.00M	$817.00M	$1.35B	$1.92B	$1.83B	$1.24B	$1.39B	$1.10B	$672.00M	$3.31B	$651.00M

Kinder Morgan's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Natural Gas Pipelines (64.44%), Products Pipelines (16.30%), Terminals (12.47%), and CO2 (6.79%).

Kinder Morgan Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
MEXICO	$43.00M	$79.00M	$164.00M	$131.00M	$75.00M
UNITED STATES	$15.06B	$15.26B	$19.04B	$16.48B	$11.63B
CANADA	-	-	-	-	-

Kinder Morgan's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (99.72%), and MEXICO (0.28%).

Kinder Morgan Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
MPC	Marathon Petroleum	$140.41B	$34.10B
EQNR	Equinor ASA	$106.85B	$25.09B
E	Eni S.p.A.	$93.72B	$22.94B
ET	Energy Transfer LP	$82.67B	$19.24B
EPD	Enterprise Products Partners	$56.22B	$11.36B
EOG	EOG Resources	$23.38B	$5.86B
OKE	ONEOK	$21.70B	$7.89B
LNG	Cheniere Energy	$15.70B	$4.64B
KMI	Kinder Morgan	$15.10B	$4.15B
TRP	TC Energy	$15.03B	$4.07B
MPLX	MPLX Lp	$11.93B	$3.24B

KMI Revenue FAQ

What is Kinder Morgan’s yearly revenue?

Kinder Morgan's yearly revenue for 2024 was $15.1B, representing a decrease of -1.53% compared to 2023. The company's yearly revenue for 2023 was $15.33B, representing a decrease of -20.14% compared to 2022. KMI's yearly revenue for 2022 was $19.2B, representing an increase of 15.59% compared to 2021.

What is Kinder Morgan’s quarterly revenue?

Kinder Morgan's quarterly revenue for Q3 2025 was $4.15B, a 2.57% increase from the previous quarter (Q2 2025), and a 12.79% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $4.04B, a -4.98% decrease from the previous quarter (Q1 2025), and a 12.37% increase year-over-year (Q2 2024). KMI's quarterly revenue for Q1 2025 was $4.25B, a 7.23% increase from the previous quarter (Q4 2024), and a 10.98% increase year-over-year (Q1 2024).

What is Kinder Morgan’s revenue growth rate?

Kinder Morgan's revenue growth rate for the last 3 years (2022-2024) was -21.35%, and for the last 5 years (2020-2024) was 29.06%.

What are Kinder Morgan’s revenue streams?

Kinder Morgan's revenue streams in c 24 are Products Pipelines, CO2, Natural Gas Pipelines, and Terminals. Products Pipelines generated $2.96B in revenue, accounting 19.54% of the company's total revenue, down -3.62% year-over-year. CO2 generated $1.2B in revenue, accounting 7.96% of the company's total revenue, down -2.90% year-over-year. Natural Gas Pipelines generated $8.94B in revenue, accounting 59.13% of the company's total revenue, down -2.47% year-over-year. Terminals generated $2.02B in revenue, accounting 13.37% of the company's total revenue, up 5.48% year-over-year.

What is Kinder Morgan’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Kinder Morgan was Natural Gas Pipelines. This segment made a revenue of $8.94B, representing 59.13% of the company's total revenue.