Kinder Morgan (KMI) FCF Margin (2011 - 2026)
Kinder Morgan (KMI) reported FCF Margin of 28.13% for Q1 2026, up 1879.0% on a YoY basis from 1.42% in Q1 2025, and up 45.41% quarter-over-quarter from 19.34% in Q4 2025.
Kinder Morgan (KMI) FCF Margin (2011 - 2026) Analysis & Trends
Kinder Morgan has reported FCF Margin for 16 years, with the latest figure at 28.13% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 1879.0% year-over-year to 28.13%; the trailing twelve-month figure through Mar 2026 stood at 21.99% (down 1292.0% YoY), and the FY2025 full-year result was 17.07%, down 1992.0% from the prior year.
- FCF Margin for Q1 2026 stood at 28.13%, up from 19.34% in the prior quarter.
- The five-year high for FCF Margin was 83.2% in Q4 2024, with the low at 4.24% in Q4 2022.
- Historically, FCF Margin has averaged 24.7% across 5 years, with a median of 23.14% in 2022.
- Annual changes were most pronounced in 2024 — FCF Margin soared 8050 bps — and 2025, when it slumped 6385 bps.
- Kinder Morgan's FCF Margin stood at 4.24% in 2022, then surged by 164 bps to 2.7% in 2023, then surged by 2982 bps to 83.2% in 2024, then tumbled by 77 bps to 19.34% in 2025, then soared by 45 bps to 28.13% in 2026.
- The last three FCF Margin figures came in at 28.13% (Q1 2026), 19.34% (Q4 2025), and 14.98% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | -0.43% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 3.38% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 28.13% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 5.26% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 25.41% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | -3.91% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 0.73% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 13.15% |
| 10 | Cheniere Energy | 50.33 Bn | 52.53 Bn | 5.86 Bn | 5.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.13% |
| Dec 31, 2025 | 19.34% |
| Sep 30, 2025 | 14.98% |
| Jun 30, 2025 | 24.79% |
| Mar 31, 2025 | 9.34% |
| Dec 31, 2024 | 83.20% |
| Sep 30, 2024 | 16.00% |
| Jun 30, 2024 | 30.96% |
| Mar 31, 2024 | 14.84% |
| Dec 31, 2023 | 2.70% |
| Sep 30, 2023 | 32.15% |
| Jun 30, 2023 | 42.59% |
| Mar 31, 2023 | 33.90% |
| Dec 31, 2022 | -4.24% |
| Sep 30, 2022 | 32.28% |
| Jun 30, 2022 | 23.14% |
| Mar 31, 2022 | 15.77% |
| Dec 31, 2021 | 27.07% |
| Sep 30, 2021 | 43.67% |
| Jun 30, 2021 | 36.83% |