Kinder Morgan (KMI) Operating Expenses (2010 - 2026)

Kinder Morgan (KMI) has reported Operating Expenses for 17 consecutive years, with $3.4 billion the latest figure, recorded in Q1 2026.

• Operating Expenses for Q1 2026 came in at $3.4 billion, up 375.95% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.2 billion (down 81.64% YoY), and the FY2025 annual result was $3.1 billion, up 2.86% from the prior year.
• Operating Expenses was $3.4 billion for Q1 2026 at Kinder Morgan, up from -$6.0 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $4.1 billion in Q2 2022 and troughed at -$6.0 billion in Q4 2025.
• A 5-year average of $1.6 billion and a median of $2.5 billion in 2024 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses surged 612.2% — and 2025, when it sank 890.01%.
• Year by year, 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 jumped by 156.29% to $3.4 billion in 2026.
• Per Business Quant, the three latest KMI Operating Expenses figures stand at $3.4 billion (Q1 2026), -$6.0 billion (Q4 2025), and $3.1 billion (Q3 2025).