Kinder Morgan (KMI) Net Margin (2010 - 2026)
Kinder Morgan (KMI) reported Net Margin of 19.37% for Q2 2026, up 1.68 percentage points from 17.69% a year earlier but down 0.85 percentage points from the prior quarter.
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Analysis
Kinder Morgan (KMI) Net Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Kinder Morgan's Net Margin came in at 19.31%, up 2.25 percentage points year-over-year; for FY2025, it came in at 18.04%, up 0.74 percentage points from FY2024.
- Net Margin has increased for five consecutive years, with a five-year change of +17.03 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 17.30% in FY2024 (+1.71 pp), 15.59% in FY2023 (+2.32 pp), 13.27% in FY2022 (+2.53 pp) and 10.74% in FY2021 (+9.72 pp).
- Five-year quarterly Net Margin spans a low of 11.13% in Q3 2022 and a high of 22.09% in Q4 2025.
- Year over year, Net Margin has now increased in each of the last three quarters, with an average year-over-year change of +1.62 percentage points over the last eight quarters.
- The high point for year-over-year Net Margin in five years was Q2 2022 (a gain of 36.36 percentage points); the low point was Q1 2022 (a drop of 11.50 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 20.22% (Q1 2026), 22.09% (Q4 2025) and 15.15% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 103.71 Bn | 99.31 Bn | 4.84 Bn | 4.76% |
| 2 | Williams Companies | 91.25 Bn | 89.96 Bn | 2.54 Bn | 37.21% |
| 3 | Enterprise Products Partners | 78.01 Bn | 76.40 Bn | - | 10.07% |
| 4 | Kinder Morgan | 74.45 Bn | 74.15 Bn | 3.07 Bn | 19.37% |
| 5 | Energy Transfer | 70.41 Bn | 63.59 Bn | 7.40 Bn | 5.90% |
| 6 | Tc Energy | 64.14 Bn | 60.22 Bn | 2.81 Bn | 24.94% |
| 7 | Targa Resources | 62.84 Bn | 62.32 Bn | 2.14 Bn | 17.22% |
| 8 | Cheniere Energy | 60.02 Bn | 54.85 Bn | 5.29 Bn | 53.52% |
| 9 | Oneok | 59.03 Bn | 57.42 Bn | 2.81 Bn | 8.02% |
| 10 | Mplx | 57.91 Bn | 51.47 Bn | 2.91 Bn | 32.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.37% |
| Mar 31, 2026 | 20.22% |
| Dec 31, 2025 | 22.09% |
| Sep 30, 2025 | 15.15% |
| Jun 30, 2025 | 17.69% |
| Mar 31, 2025 | 16.91% |
| Dec 31, 2024 | 16.73% |
| Sep 30, 2024 | 16.90% |
| Jun 30, 2024 | 16.10% |
| Mar 31, 2024 | 19.42% |
| Dec 31, 2023 | 14.71% |
| Sep 30, 2023 | 13.62% |
| Jun 30, 2023 | 16.74% |
| Mar 31, 2023 | 17.46% |
| Dec 31, 2022 | 14.63% |
| Sep 30, 2022 | 11.13% |
| Jun 30, 2022 | 12.33% |
| Mar 31, 2022 | 15.54% |
| Dec 31, 2021 | 14.40% |
| Sep 30, 2021 | 12.94% |
API Access
Kinder Morgan Net 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=net-margin&ticker=KMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=KMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();