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% YoY from $2.9 billion in Q2 2025, and down 7.48% on a QoQ basis from $3.4 billion in Q1 2026.
Kinder Morgan (EP-PC) Operating Expenses (2010 - 2026) Analysis & Trends
Kinder Morgan (EP-PC) has 17 years of Operating Expenses data on file, last reported at $3.1 billion in Q2 2026.
- Quarterly Operating Expenses rose 8.34% year-over-year to $3.1 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $12.7 billion (up 10.33% YoY) and the FY2025 annual result came in at $12.2 billion, up 13.97% from the prior year.
- Operating Expenses retreated to $3.1 billion in Q2 2026, from $3.4 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $4.2 billion in Q3 2022 to a low of $2.5 billion in Q2 2023.
- A 5-year average of $3.1 billion and a median of $3.0 billion in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 42.48% — and 2023, when it tumbled 40.39%.
- Tracing EP-PC's Operating Expenses over 5 years: stood at $3.5 billion in 2022, then dropped by 15.48% to $2.9 billion in 2023, then decreased by 1.97% to $2.9 billion in 2024, then advanced by 9.2% to $3.1 billion in 2025, then fell by 0.41% to $3.1 billion in 2026.
- The last three Operating Expenses figures came in at $3.1 billion (Q2 2026), $3.4 billion (Q1 2026), and $3.1 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 110.91 Bn | 109.42 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.41 Bn | 82.50 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.45 Bn | 71.42 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Mplx | 60.44 Bn | 59.41 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 59.80 Bn | 59.64 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Targa Resources | 59.00 Bn | 58.86 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 55.77 Bn | 54.52 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Venture Global | 34.04 Bn | 30.82 Bn | 2.92 Bn | 2.39 Bn |
Historic Data
Download 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 |