Kinder Morgan (EP-PC) Operating Expenses (2010 - 2026)
Kinder Morgan's (EP-PC) quarterly Operating Expenses came in at $3.1 billion in Q2 2026, up 8.34% on a YoY basis from $2.9 billion in Q2 2025, and down 7.48% quarter-over-quarter from $3.4 billion in Q1 2026.
Analysis
Kinder Morgan (EP-PC) Operating Expenses (2010 - 2026) Analysis & Trends
Kinder Morgan (EP-PC) has reported Operating Expenses for 17 consecutive years, with $3.1 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 8.34% year-over-year to $3.1 billion; the trailing twelve-month figure through Jun 2026 stood at $12.7 billion (up 10.33% YoY), and the FY2025 full-year result was $12.2 billion, up 13.97% from the prior year.
- Operating Expenses declined to $3.1 billion in Q2 2026 per EP-PC's latest filing, from $3.4 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $4.2 billion in Q3 2022 and bottomed at $2.5 billion in Q2 2023.
- Historically, Operating Expenses has averaged $3.1 billion across 5 years, with a median of $3.0 billion in 2023.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 42.48% in 2022, then plunged 40.39% in 2023.
- Over 5 years, Operating Expenses stood at $3.5 billion in 2022, then fell by 15.48% to $2.9 billion in 2023, then dropped by 1.97% to $2.9 billion in 2024, then grew by 9.2% to $3.1 billion in 2025, then decreased by 0.41% to $3.1 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $3.1 billion, $3.4 billion, and $3.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 16.13 Bn |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 30.76 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | - |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 354.10 Mn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 19.09 Bn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 132.00 Mn |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.13 Bn |
| Mar 31, 2026 | 3.38 Bn |
| Dec 31, 2025 | 3.14 Bn |
| Sep 30, 2025 | 3.08 Bn |
| Jun 30, 2025 | 2.89 Bn |
| Mar 31, 2025 | 3.10 Bn |
| Dec 31, 2024 | 2.88 Bn |
| Sep 30, 2024 | 2.68 Bn |
| Jun 30, 2024 | 2.53 Bn |
| Mar 31, 2024 | 2.62 Bn |
| Dec 31, 2023 | 2.94 Bn |
| Sep 30, 2023 | 2.97 Bn |
| Jun 30, 2023 | 2.47 Bn |
| Mar 31, 2023 | 2.69 Bn |
| Dec 31, 2022 | 3.48 Bn |
| Sep 30, 2022 | 4.25 Bn |
| Jun 30, 2022 | 4.15 Bn |
| Mar 31, 2022 | 3.27 Bn |
| Dec 31, 2021 | 3.48 Bn |
| Sep 30, 2021 | 2.98 Bn |