Kinder Morgan, Inc. (KMI) Operating Margin (2010 - 2026)
Kinder Morgan's (KMI) quarterly Operating Margin came in at 30.06% in Q2 2026, up 156.0% YoY from 11.74% in Q2 2025, and up 0.52% on a QoQ basis from 29.91% in Q1 2026.
Analysis
Kinder Morgan, Inc. (KMI) Operating Margin (2010 - 2026) Analysis & Trends
Kinder Morgan (KMI) has 17 years of Operating Margin data on file, last reported at 30.06% in Q2 2026.
- Quarterly Operating Margin rose 156.0% year-over-year to 30.06% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 29.05% (up 137.0% YoY) and the FY2025 annual result came in at 27.89%, down 114.0% from the prior year.
- Operating Margin improved to 30.06% in Q2 2026, from 29.91% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 31.83% in Q1 2024 to a low of 17.98% in Q3 2022.
- A 5-year average of 26.91% and a median of 27.62% in 2024 frame the typical range for Operating Margin.
- The widest YoY moves for Operating Margin: up 4378 bps in 2022, down 1234 bps in 2022.
- Tracing KMI's Operating Margin over 5 years: stood at 24.11% in 2022, then rose by 13 bps to 27.27% in 2023, then grew by 2 bps to 27.79% in 2024, then gained by 9 bps to 30.26% in 2025, then decreased by 1 bps to 30.06% in 2026.
- The last three Operating Margin figures came in at 30.06% (Q2 2026), 29.91% (Q1 2026), and 30.26% (Q4 2025), per Business Quant data.
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Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.06% |
| Mar 31, 2026 | 29.91% |
| Dec 31, 2025 | 30.26% |
| Sep 30, 2025 | 25.64% |
| Jun 30, 2025 | 28.50% |
| Mar 31, 2025 | 27.00% |
| Dec 31, 2024 | 27.79% |
| Sep 30, 2024 | 27.44% |
| Jun 30, 2024 | 29.06% |
| Mar 31, 2024 | 31.83% |
| Dec 31, 2023 | 27.27% |
| Sep 30, 2023 | 24.01% |
| Jun 30, 2023 | 29.42% |
| Mar 31, 2023 | 30.71% |
| Dec 31, 2022 | 24.11% |
| Sep 30, 2022 | 17.98% |
| Jun 30, 2022 | 19.53% |
| Mar 31, 2022 | 23.85% |
| Dec 31, 2021 | 21.47% |
| Sep 30, 2021 | 22.07% |