Kinder Morgan (KMI) revenue breakdown
By segment, Natural Gas Pipelines is the largest at 68% of fiscal 2025 revenue; Products Pipelines grew fastest, 4% a year over 8 years.
By product, Services is the largest at 56% of fiscal 2025 revenue; Commodity sales grew fastest, 3% a year over 8 years.
Revenue by segment
Fiscal years, as Kinder Morgan reports them in its 10-K filings; fiscal 2025 total $15.2B.
| Segments | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|
| Natural Gas Pipelines | $8.5B | $8.6B | $7.7B | $6.7B | $11.9B | $12.7B | $9.2B | $8.9B | $10.4B | 68% |
| Products Pipelines | $1.7B | $1.7B | $1.6B | $1.5B | $2.1B | $3.4B | $3.1B | $3.0B | $2.5B | 16% |
| Terminals | $2.0B | $1.6B | $1.6B | $1.2B | $1.1B | $1.8B | $1.9B | $2.0B | $1.4B | 9% |
| CO2 | $1.2B | $1.3B | $1.2B | $779M | $1.1B | $1.3B | $1.2B | $1.2B | $1.1B | 7% |
| Kinder Morgan Canada | $256M | — | — | — | — | — | — | — | — | — |
| Kinder Morgan Canada | — | $167M | — | — | — | — | — | — | — | — |
Revenue by product
Fiscal years, as Kinder Morgan reports them in its 10-K filings; fiscal 2025 total $16.9B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Services | $8.1B | $7.9B | $8.0B | $8.2B | $7.6B | $7.8B | $8.1B | $8.4B | $8.9B | $9.5B | 56% |
| Commodity sales | — | $5.7B | $6.0B | $4.8B | $3.9B | $8.7B | $10.9B | $6.8B | $6.0B | $7.3B | 43% |
| Other | — | $166M | $202M | $200M | $191M | $139M | $158M | $177M | $227M | $192M | 1% |
| Revenues—Product sales and other | $2.5B | — | — | — | — | — | — | — | — | — | — |
| Natural gas sales | $2.5B | — | — | — | — | — | — | — | — | — | — |
Revenue by region
Fiscal years, as Kinder Morgan reports them in its 10-K filings; fiscal 2025 total $16.9B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| U.S. | $12.5B | $13.1B | $13.6B | $12.8B | $11.6B | $16.5B | $19.0B | $15.3B | $15.1B | $16.9B | 100% |
| Mexico | $116M | $129M | $101M | $76M | $75M | $131M | $164M | $79M | $43M | $11M | 0% |
| Canada | $483M | $503M | $447M | — | — | — | — | — | — | — | — |
| Canada | — | — | — | $300M | — | — | — | — | — | — | — |
Questions
Where does Kinder Morgan make its money?
In fiscal 2025, by segment: Natural Gas Pipelines $10.4B, Products Pipelines $2.5B, Terminals $1.4B, CO2 $1.1B.
From Kinder Morgan's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.