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

Kinder Morgan has reported Operating Expenses for 17 years, with the latest figure at $3.4 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 375.95% year-over-year to $3.4 billion; the trailing twelve-month figure through Mar 2026 stood at $1.2 billion (down 81.64% YoY), and the FY2025 full-year result was $3.1 billion, up 2.86% from the prior year.
• Operating Expenses for Q1 2026 stood at $3.4 billion, up from -$6.0 billion in the prior quarter.
• The five-year high for Operating Expenses was $4.1 billion in Q2 2022, with the low at -$6.0 billion in Q4 2025.
• Historically, Operating Expenses has averaged $1.6 billion across 5 years, with a median of $2.5 billion in 2024.
• Annual changes were most pronounced in 2022 — Operating Expenses jumped 612.2% — and 2025, when it slumped 890.01%.
• Kinder Morgan's Operating Expenses stood at $3.5 billion in 2022, then dropped 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 surged by 156.29% to $3.4 billion in 2026.
• The last three Operating Expenses figures came in at $3.4 billion (Q1 2026), -$6.0 billion (Q4 2025), and $3.1 billion (Q3 2025), per Business Quant data.