Kinder Morgan (KMI) EBITDA Margin (2010 - 2026)
Kinder Morgan (KMI) reported EBITDA Margin of 39.46% for Q3 2026, down 0.87 percentage points from 40.33% a year earlier and down 4.45 percentage points from the prior quarter.
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Analysis
Kinder Morgan (KMI) EBITDA Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Kinder Morgan's EBITDA Margin came in at 42.59%, up 0.49 percentage points year-over-year; for FY2025, it came in at 42.37%, down 2.58 percentage points from FY2024.
- EBITDA Margin has a five-year change of +9.35 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at 44.95% in FY2024 (+2.05 pp), 42.90% in FY2023 (+9.96 pp), 32.95% in FY2022 (+2.07 pp) and 30.88% in FY2021 (-2.15 pp).
- The Q3 2026 figure ranks as the lowest quarterly EBITDA Margin since Q3 2023.
- Year over year, EBITDA Margin gained in four of the last eight quarters, with an average year-over-year change of -1.01 percentage points.
- The high point for year-over-year EBITDA Margin in five years was Q2 2022 (a gain of 37.52 percentage points); the low point was Q4 2021 (a drop of 15.56 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 43.91% (Q2 2026), 43.02% (Q1 2026) and 43.97% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 107.50 Bn | 103.10 Bn | 4.84 Bn | 14.80% |
| 2 | Williams Companies | 89.68 Bn | 88.39 Bn | 2.54 Bn | 58.11% |
| 3 | Enterprise Products Partners | 82.39 Bn | 82.39 Bn | - | - |
| 4 | Kinder Morgan | 73.87 Bn | 72.73 Bn | 2.97 Bn | 39.46% |
| 5 | Energy Transfer | 69.89 Bn | 63.08 Bn | 7.40 Bn | 15.00% |
| 6 | Tc Energy | 66.53 Bn | 62.61 Bn | 2.81 Bn | 79.66% |
| 7 | Cheniere Energy | 65.15 Bn | 65.15 Bn | - | - |
| 8 | Targa Resources | 64.30 Bn | 63.78 Bn | 2.14 Bn | 38.12% |
| 9 | Oneok | 58.76 Bn | 58.16 Bn | 2.84 Bn | 15.76% |
| 10 | Mplx | 58.26 Bn | 51.82 Bn | 2.91 Bn | 52.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 39.46% |
| Jun 30, 2026 | 43.91% |
| Mar 31, 2026 | 43.02% |
| Dec 31, 2025 | 43.97% |
| Sep 30, 2025 | 40.33% |
| Jun 30, 2025 | 43.74% |
| Mar 31, 2025 | 41.38% |
| Dec 31, 2024 | 43.06% |
| Sep 30, 2024 | 43.63% |
| Jun 30, 2024 | 45.77% |
| Mar 31, 2024 | 47.42% |
| Dec 31, 2023 | 41.60% |
| Sep 30, 2023 | 38.83% |
| Jun 30, 2023 | 45.87% |
| Mar 31, 2023 | 45.68% |
| Dec 31, 2022 | 36.60% |
| Sep 30, 2022 | 28.99% |
| Jun 30, 2022 | 30.44% |
| Mar 31, 2022 | 36.83% |
| Dec 31, 2021 | 34.17% |
API Access
Kinder Morgan EBITDA Margin 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=ebitda-margin&ticker=KMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=KMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();