Kinder Morgan (KMI) Cost of Revenue (2012 - 2026)
Kinder Morgan (KMI) recorded Cost of Revenue of $1.57 billion in Q3 2026, up 12.3% from $1.4 billion a year earlier and up 11.5% from the prior quarter.
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Analysis
Kinder Morgan (KMI) Cost of Revenue (2012 - 2026) Analysis & Trends
On a TTM basis, Kinder Morgan's Cost of Revenue came in at $6.17 billion as of Sep 30, 2026, up 15.9% year-over-year; for FY2025, it came in at $5.53 billion, up 27.5% from FY2024.
- Annual Cost of Revenue has a five-year compound annual growth rate of 16.8% (FY2020 to FY2025).
- Across earlier years, Cost of Revenue came in at $4.34 billion in FY2024 (-12.2%), $4.94 billion in FY2023 (-46.6%), $9.26 billion in FY2022 (+42.5%) and $6.49 billion in FY2021 (+155.1%).
- Quarterly Cost of Revenue has ranged from $967 million in Q2 2024 to $2.72 billion in Q3 2022 over the past five years.
- On a year-over-year basis, Cost of Revenue has increased for seven consecutive quarters, with growth averaging 18.8% over the last eight quarters.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 186.6% in Q2 2022, against a decline of 63.8% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.41 billion (Q2 2026), $1.75 billion (Q1 2026) and $1.45 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.29 Bn | 97.89 Bn | 4.84 Bn | 16.35 Bn |
| 2 | Enterprise Products Partners | 79.85 Bn | 78.21 Bn | - | - |
| 3 | Williams Companies | 79.33 Bn | 76.36 Bn | 2.59 Bn | 632.00 Mn |
| 4 | Kinder Morgan | 66.78 Bn | 65.63 Bn | 2.97 Bn | 1.57 Bn |
| 5 | Energy Transfer | 65.10 Bn | 60.93 Bn | 6.57 Bn | 30.53 Bn |
| 6 | Tc Energy | 64.42 Bn | 61.18 Bn | - | 37.15 Mn |
| 7 | Cheniere Energy | 58.11 Bn | 52.26 Bn | 2.97 Bn | 3.21 Bn |
| 8 | Targa Resources | 56.77 Bn | 56.23 Bn | 2.02 Bn | 3.58 Bn |
| 9 | Mplx | 56.70 Bn | 50.73 Bn | 3.19 Bn | 411.00 Mn |
| 10 | Oneok | 53.74 Bn | 53.15 Bn | 2.84 Bn | 9.61 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.57 Bn |
| Jun 30, 2026 | 1.41 Bn |
| Mar 31, 2026 | 1.75 Bn |
| Dec 31, 2025 | 1.45 Bn |
| Sep 30, 2025 | 1.40 Bn |
| Jun 30, 2025 | 1.21 Bn |
| Mar 31, 2025 | 1.48 Bn |
| Dec 31, 2024 | 1.24 Bn |
| Sep 30, 2024 | 1.02 Bn |
| Jun 30, 2024 | 967.00 Mn |
| Mar 31, 2024 | 1.11 Bn |
| Dec 31, 2023 | 1.35 Bn |
| Sep 30, 2023 | 1.41 Bn |
| Jun 30, 2023 | 971.00 Mn |
| Mar 31, 2023 | 1.22 Bn |
| Dec 31, 2022 | 1.96 Bn |
| Sep 30, 2022 | 2.72 Bn |
| Jun 30, 2022 | 2.68 Bn |
| Mar 31, 2022 | 1.89 Bn |
| Dec 31, 2021 | 1.99 Bn |
API Access
Kinder Morgan Cost of Revenue 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=cost-of-revenue&ticker=KMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "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=cost-of-revenue&ticker=KMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();