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Kinder Morgan (KMI) Operating Expenses (2016 - 2026)

Kinder Morgan filings provide 17 years of Operating Expenses readings, the most recent being $3.4 billion for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 375.95% to $3.4 billion in Q1 2026 year-over-year; TTM through Mar 2026 was $1.2 billion, a 81.64% decrease, with the full-year FY2025 number at $3.1 billion, up 2.86% from a year prior.
  • Operating Expenses hit $3.4 billion in Q1 2026 for Kinder Morgan, up from -$6.0 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $4.1 billion in Q2 2022 to a low of -$6.0 billion in Q4 2025.
  • Median Operating Expenses over the past 5 years was $2.5 billion (2024), compared with a mean of $1.6 billion.
  • Biggest five-year swings in Operating Expenses: soared 612.2% in 2022 and later tumbled 890.01% in 2025.
  • Kinder Morgan's Operating Expenses stood at $3.5 billion in 2022, then fell by 15.48% to $2.9 billion in 2023, then tumbled by 74.09% to $761.0 million in 2024, then tumbled by 890.01% to -$6.0 billion in 2025, then skyrocketed by 156.29% to $3.4 billion in 2026.
  • The last three reported values for Operating Expenses were $3.4 billion (Q1 2026), -$6.0 billion (Q4 2025), and $3.1 billion (Q3 2025) per Business Quant data.