Kinder Morgan (KMI) Operating Margin (2010 - 2026)
Kinder Morgan's Operating Margin was 30.06% in Q2 2026, up 1.56 percentage points from 28.50% a year earlier and up 0.16 percentage points from the prior quarter.
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Analysis
Kinder Morgan (KMI) Operating Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Kinder Morgan's Operating Margin was 29.05% through Jun 30, 2026, up 1.37 percentage points year-over-year; for FY2025, it was 27.89%, down 1.14 percentage points from FY2024.
- Operating Margin shows a five-year change of +14.56 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 29.03% in FY2024 (+1.23 pp), 27.80% in FY2023 (+6.63 pp), 21.17% in FY2022 (+3.62 pp) and 17.56% in FY2021 (+4.22 pp).
- Quarterly Operating Margin has moved between 17.98% (Q3 2022) and 31.83% (Q1 2024) over five years.
- Compared with a year earlier, Operating Margin has increased for three straight quarters, with an average year-over-year change of +0.46 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q2 2022 (a gain of 43.78 percentage points); the worst was Q1 2022 (a drop of 12.34 percentage points).
- Per Business Quant data, KMI's Operating Margin in the three quarters before Q2 2026 was 29.91% (Q1 2026), 30.26% (Q4 2025) and 25.64% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 103.71 Bn | 99.31 Bn | 4.84 Bn | 9.93% |
| 2 | Williams Companies | 91.25 Bn | 89.96 Bn | 2.54 Bn | 38.72% |
| 3 | Enterprise Products Partners | 78.01 Bn | 76.40 Bn | - | 12.31% |
| 4 | Kinder Morgan | 74.45 Bn | 74.15 Bn | 3.07 Bn | 30.06% |
| 5 | Energy Transfer | 70.41 Bn | 63.59 Bn | 7.40 Bn | 10.41% |
| 6 | Tc Energy | 64.14 Bn | 60.22 Bn | 2.81 Bn | 135.28% |
| 7 | Targa Resources | 62.84 Bn | 62.32 Bn | 2.14 Bn | 27.80% |
| 8 | Cheniere Energy | 60.02 Bn | 54.85 Bn | 5.29 Bn | 74.84% |
| 9 | Oneok | 59.03 Bn | 57.42 Bn | 2.81 Bn | 13.22% |
| 10 | Mplx | 57.91 Bn | 51.47 Bn | 2.91 Bn | 41.61% |
Historic Data
Download Data
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% |
API Access
Kinder Morgan Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=KMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "KMI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=KMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();