Kinder Morgan (KMI) Gross Margin (2012 - 2026)
Kinder Morgan (KMI) posted Gross Margin of 63.77% for Q1 2026, down 6.08% on a QoQ basis from 67.9% in Q4 2025, and down 142.0% year-over-year from 151.84% in Q1 2025.
Kinder Morgan (KMI) Gross Margin (2012 - 2026) Analysis & Trends
Kinder Morgan (KMI) has reported Gross Margin for 15 consecutive years, with 63.77% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 63.77%, down 142.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 66.89% (down 275.0% YoY), and the FY2025 annual result was 67.36%, down 392.0% from the prior year.
- Gross Margin was 63.77% for Q1 2026 at Kinder Morgan, down from 67.9% in the prior quarter.
- Over five years, Gross Margin peaked at 72.93% in Q2 2024 and troughed at 47.52% in Q3 2022.
- A 5-year average of 64.64% and a median of 66.64% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin sank 2237 bps — and 2023, when it soared 2435 bps.
- Year by year, Gross Margin stood at 57.17% in 2022, then rose by 17 bps to 66.64% in 2023, then increased by 3 bps to 68.92% in 2024, then decreased by 1 bps to 67.9% in 2025, then retreated by 6 bps to 63.77% in 2026.
- Per Business Quant, the three latest KMI Gross Margin figures stand at 63.77% (Q1 2026), 67.9% (Q4 2025), and 66.35% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 41.12% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 63.77% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | - |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 23.85% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 41.52% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 83.61% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 26.67% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 23.28% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 94.13% |
| 10 | Kinder Morgan | - | - | 3.08 Bn | 63.77% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 63.77% |
| Dec 31, 2025 | 67.90% |
| Sep 30, 2025 | 66.35% |
| Jun 30, 2025 | 70.04% |
| Mar 31, 2025 | 65.20% |
| Dec 31, 2024 | 68.92% |
| Sep 30, 2024 | 72.32% |
| Jun 30, 2024 | 72.93% |
| Mar 31, 2024 | 71.19% |
| Dec 31, 2023 | 66.64% |
| Sep 30, 2023 | 64.04% |
| Jun 30, 2023 | 72.27% |
| Mar 31, 2023 | 68.75% |
| Dec 31, 2022 | 57.17% |
| Sep 30, 2022 | 47.52% |
| Jun 30, 2022 | 47.91% |
| Mar 31, 2022 | 55.88% |
| Dec 31, 2021 | 55.05% |
| Sep 30, 2021 | 59.23% |
| Jun 30, 2021 | 70.29% |