Kinder Morgan, Inc. (KMI) Operating Expenses (2010 - 2026)

Kinder Morgan's Operating Expenses history runs 17 years deep, the most recent figure standing at $711.0 million for Q1 2026.

• Quarterly Operating Expenses fell 77.03% year-over-year to $711.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $5.4 billion (down 42.42% YoY) and the FY2025 annual result came in at $3.1 billion, down 71.47% from the prior year.
• Operating Expenses was $711.0 million for Q1 2026 at Kinder Morgan, down from $787.0 million in the prior quarter.
• Across five years, Operating Expenses topped out at $13.2 billion in Q4 2022 and bottomed at $680.0 million in Q1 2024.
• A 5-year average of $2.9 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 soared 1902.28% — and 2023, when it sank 83.47%.
• Kinder Morgan's Operating Expenses stood at $13.2 billion in 2022, then slumped by 31.62% to $9.0 billion in 2023, then plunged by 68.04% to $2.9 billion in 2024, then plunged by 72.66% to $787.0 million in 2025, then decreased by 9.66% to $711.0 million in 2026.
• Business Quant data shows KMI's Operating Expenses at $711.0 million in Q1 2026, $787.0 million in Q4 2025, and $3.1 billion in Q3 2025.