Natural Gas Pipelines was the largest of Kinder Morgan, Inc.’s 4 reported lines in fiscal 2025, at $22.02B — 65% of $33.94B.
| Segment | FY 2011 | FY 2012 | FY 2013 | FY 2015 | FY 2016 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Natural Gas Pipelines | $25.37B | $18.30B | $17.86B | $22.02B | |||||||||
| Products Pipelines | $6.84B | — | — | $5.37B | |||||||||
| Terminals | $3.58B | $3.83B | $4.04B | $4.21B | |||||||||
| Co2 - Kmp | — | — | — | — | |||||||||
| Co2 | $2.67B | $2.42B | $2.41B | $2.34B | |||||||||
| Terminals - Kmp | — | — | — | — | |||||||||
| Kinder Morgan Canada - Kmp | — | — | — | — | |||||||||
| Kinder Morgan Canada | — | — | — | — | |||||||||
| Unallocated | — | — | — | — | |||||||||
| Parent Company | — | — | — | — | |||||||||
| Consolidation, Eliminations | — | — | — | — | |||||||||
| Other | — | — | — | — | |||||||||
| Other Segments | — | — | — | — | |||||||||
| Less: Total Intersegment Revenues | — | — | — | — | |||||||||
| Intersegment Eliminations | — | — | — | — | |||||||||
| Total | $38.46B | $24.56B | $24.31B | $33.94B |
In fiscal 2025, which ended December 31, 2025, the 4 segments Kinder Morgan, Inc. reported in this breakdown added up to $33.94B. The segments reported changed from fiscal 2024, so the total is not directly comparable with the $24.31B reported that year. Natural Gas Pipelines was the largest segment, at $22.02B or 64.9% of the total, followed by Products Pipelines ($5.37B, 15.8%) and Terminals ($4.21B, 12.4%). Together, the two largest segments made up 80.7% of this total.
Compared with fiscal 2024, Natural Gas Pipelines grew the fastest, rising 23.3% to $22.02B. Co2 fell the most, down 2.8% to $2.34B. Because segments were added or dropped between the two years, part of this reflects how Kinder Morgan, Inc. regrouped its reporting. Over fiscal 2022 to 2025, revenue across these segments went from $38.46B to $33.94B, a compound annual decline of 4.1%. Natural Gas Pipelines' share of the total fell from 66.0% to 64.9% over the same years.
The table also keeps 11 segments that Kinder Morgan, Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 11 discontinued" beneath the table to see them. This breakdown covers 13 fiscal years between 2011 and 2025, as reported in Kinder Morgan, Inc.'s annual filings.
Services was the largest of Kinder Morgan, Inc.’s 3 reported lines in fiscal 2025, at $18.98B — 56% of $33.87B.
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Services | $16.29B | $16.74B | $17.83B | $18.98B | ||||||
| Commodity Sales | $21.79B | $13.57B | $11.91B | $14.51B | ||||||
| Revenues—Product Sales & Other | — | — | — | — | ||||||
| Natural Gas Sales | — | — | — | — | ||||||
| Other | $316.00M | $354.00M | $454.00M | $384.00M | ||||||
| Total | $38.40B | $30.67B | $30.20B | $33.87B |
In fiscal 2025, which ended December 31, 2025, the 3 revenue lines Kinder Morgan, Inc. reported in this breakdown added up to $33.87B. That was up 12.2% from $30.20B in fiscal 2024. Services was the largest revenue line, at $18.98B or 56.0% of the total, followed by Commodity Sales ($14.51B, 42.8%) and Other ($384.00M, 1.1%). Together, the two largest revenue lines made up 98.9% of this total.
Compared with fiscal 2024, Commodity Sales grew the fastest, rising 21.8% to $14.51B. Over fiscal 2022 to 2025, revenue across these revenue lines went from $38.40B to $33.87B, a compound annual decline of 4.1%. Services' share of the total rose from 42.4% to 56.0% over the same years.
The table also keeps 2 revenue lines that Kinder Morgan, Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 2 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2016 to 2025, as reported in Kinder Morgan, Inc.'s annual filings.
U.S was the largest of Kinder Morgan, Inc.’s 2 reported lines in fiscal 2025, at $33.85B — 100% of $33.87B.
| Geography | FY 2012 | FY 2013 | FY 2015 | FY 2016 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| U.S | $38.07B | $30.51B | $30.11B | $33.85B | ||||||||
| United States | — | — | — | — | ||||||||
| Canada | — | — | — | — | ||||||||
| Mexico | — | $158.00M | $86.00M | $22.00M | ||||||||
| Mexico & Other Foreign | $328.00M | — | — | — | ||||||||
| Total | $38.40B | $30.67B | $30.20B | $33.87B |
In fiscal 2025, which ended December 31, 2025, the 2 regions Kinder Morgan, Inc. reported in this breakdown added up to $33.87B. That was up 12.2% from $30.20B in fiscal 2024. U.S was the largest region, at $33.85B or 99.9% of the total, followed by Mexico ($22.00M, 0.1%).
The table also keeps 3 regions that Kinder Morgan, Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 3 discontinued" beneath the table to see them. This breakdown covers 12 fiscal years between 2012 and 2025, as reported in Kinder Morgan, Inc.'s annual filings.
Kinder Morgan, Inc. (EP-PC) breaks its revenue down by segment, revenue line and region. In fiscal 2025, its largest segment was Natural Gas Pipelines, with $22.02B or 64.9% of the total, followed by Products Pipelines at $5.37B (15.8%).
Natural Gas Pipelines was Kinder Morgan, Inc.'s largest segment in fiscal 2025, with $22.02B in revenue, 64.9% of the $33.94B reported across its 4 segments.
Services was Kinder Morgan, Inc.'s largest revenue line in fiscal 2025, with $18.98B in revenue, 56.0% of the $33.87B reported across its 3 revenue lines.
U.S was Kinder Morgan, Inc.'s largest region in fiscal 2025, with $33.85B in revenue, 99.9% of the $33.87B reported across its 2 regions.
Of the Kinder Morgan, Inc. revenue lines reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Commodity Sales grew the fastest, rising 21.8% from $11.91B to $14.51B.
Every figure is taken from Kinder Morgan, Inc.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by segment covers fiscal 2011 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.