Kinder Morgan (EP-PC) Operating Expenses (2010 - 2026)
Kinder Morgan (EP-PC) posted quarterly Operating Expenses of $3.1 billion for Q2 2026, up 8.34% year-on-year 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 reported Operating Expenses for 17 consecutive years, with $3.1 billion the latest figure, recorded 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 declined to $3.1 billion in Q2 2026 per EP-PC's latest filing, from $3.4 billion in the prior quarter.
- Over the last five years, Operating Expenses for EP-PC reached as high as $4.2 billion in Q3 2022 and fell as low as $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 soared 42.48% — and 2023, when it slumped 40.39%.
- Year by year, Operating Expenses stood at $3.5 billion in 2022, then retreated by 15.48% to $2.9 billion in 2023, then declined by 1.97% to $2.9 billion in 2024, then increased by 9.2% to $3.1 billion in 2025, then slipped 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 Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 78.81 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -21.81 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 3.13 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 12.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 915.00 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 24.79 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 333.70 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 7.00 Mn |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 1.82 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 |