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Kinder Morgan (KMI) Operating Expenses (2016 - 2025)

Kinder Morgan (KMI) has disclosed Operating Expenses for 16 consecutive years, with $5.4 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 614.98% year-over-year to $5.4 billion, compared with a TTM value of $12.2 billion through Dec 2025, up 310.94%, and an annual FY2025 reading of $12.2 billion, up 310.94% over the prior year.
  • Operating Expenses was $5.4 billion for Q4 2025 at Kinder Morgan, up from $786.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $12.0 billion in Q4 2021 and bottomed at -$1.5 billion in Q4 2023.
  • Average Operating Expenses over 5 years is $2.4 billion, with a median of $1.7 billion recorded in 2023.
  • The sharpest move saw Operating Expenses plummeted 142.76% in 2023, then surged 614.98% in 2025.
  • Year by year, Operating Expenses stood at $12.0 billion in 2021, then plummeted by 71.0% to $3.5 billion in 2022, then tumbled by 142.76% to -$1.5 billion in 2023, then skyrocketed by 151.21% to $761.0 million in 2024, then soared by 614.98% to $5.4 billion in 2025.
  • Business Quant data shows Operating Expenses for KMI at $5.4 billion in Q4 2025, $786.0 million in Q3 2025, and $5.3 billion in Q2 2025.