Kinder Morgan (KMI) Capital Expenditures (2011 - 2026)
Kinder Morgan's Capital Expenditures was $982 million in Q2 2026, up 51.8% from $647 million a year earlier and up 22.1% from the prior quarter.
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Analysis
Kinder Morgan (KMI) Capital Expenditures (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Kinder Morgan's Capital Expenditures was $3.4 billion through Jun 30, 2026, up 19.6% year-over-year; for FY2025, it came in at $3.03 billion, up 15.1% from FY2024.
- Capital Expenditures has now increased for four consecutive years, with a five-year compound annual growth rate of 12.1% (FY2020 to FY2025).
- In earlier years, Capital Expenditures was $2.63 billion in FY2024 (+13.5%), $2.32 billion in FY2023 (+42.9%), $1.62 billion in FY2022 (+26.5%) and $1.28 billion in FY2021 (-25.0%).
- The Q2 2026 figure marks the highest quarterly Capital Expenditures since Q3 2015.
- Compared with a year earlier, Capital Expenditures has increased for 19 straight quarters, with growth averaging 17.9% over the last eight quarters.
- The best year-over-year quarter for Capital Expenditures over five years was Q3 2023 (growth of 77.3%); the worst was Q3 2021 (a decline of 10.1%).
- Per Business Quant data, KMI's Capital Expenditures in the three quarters before Q2 2026 was $804 million (Q1 2026), $820 million (Q4 2025) and $793 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 103.71 Bn | 99.31 Bn | 4.84 Bn | 2.15 Bn |
| 2 | Williams Companies | 91.25 Bn | 89.96 Bn | 2.54 Bn | 1.83 Bn |
| 3 | Enterprise Products Partners | 78.01 Bn | 76.40 Bn | - | 1.16 Bn |
| 4 | Kinder Morgan | 74.45 Bn | 74.15 Bn | 3.07 Bn | 982.00 Mn |
| 5 | Energy Transfer | 70.41 Bn | 63.59 Bn | 7.40 Bn | 1.56 Bn |
| 6 | Tc Energy | 64.14 Bn | 60.22 Bn | 2.81 Bn | -773.53 Mn |
| 7 | Targa Resources | 62.84 Bn | 62.32 Bn | 2.14 Bn | 1.01 Bn |
| 8 | Cheniere Energy | 60.02 Bn | 54.85 Bn | 5.29 Bn | 1.18 Bn |
| 9 | Oneok | 59.03 Bn | 57.42 Bn | 2.81 Bn | 613.00 Mn |
| 10 | Mplx | 57.91 Bn | 51.47 Bn | 2.91 Bn | 825.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 982.00 Mn |
| Mar 31, 2026 | 804.00 Mn |
| Dec 31, 2025 | 820.00 Mn |
| Sep 30, 2025 | 793.00 Mn |
| Jun 30, 2025 | 647.00 Mn |
| Mar 31, 2025 | 766.00 Mn |
| Dec 31, 2024 | 772.00 Mn |
| Sep 30, 2024 | 657.00 Mn |
| Jun 30, 2024 | 581.00 Mn |
| Mar 31, 2024 | 619.00 Mn |
| Dec 31, 2023 | 628.00 Mn |
| Sep 30, 2023 | 647.00 Mn |
| Jun 30, 2023 | 535.00 Mn |
| Mar 31, 2023 | 507.00 Mn |
| Dec 31, 2022 | 477.00 Mn |
| Sep 30, 2022 | 365.00 Mn |
| Jun 30, 2022 | 372.00 Mn |
| Mar 31, 2022 | 407.00 Mn |
| Dec 31, 2021 | 387.00 Mn |
| Sep 30, 2021 | 349.00 Mn |
API Access
Kinder Morgan Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=KMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "KMI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=KMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();