# KINDER MORGAN, INC. (KMI) · Edgar & Edgarette company card

> Kinder Morgan (KMI) grew revenue 12.2% in FY2025 to $16.9 billion, operating margin 27.9%, in line with the 27.9% median for natural gas transmission, equity 42.8% of assets, and dividend per share up 8 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1506307 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/KMI) · [JSON](https://www.pops4.com/boards/company/KMI.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $16.9B |
| Revenue growth, 1 year | 12.2% |
| Revenue growth per year | 0.5% |
| Operating margin | 27.9% (prior year 29.0%) |
| Net margin | 18.7% |
| Operating cash flow | $5.9B |
| Capital spending | $3.0B |
| Free cash flow | $2.9B |
| Cash | $63M |
| Long-term debt | $30.8B |
| Total assets | $72.7B |
| Total equity | $31.2B |
| Equity ÷ assets | 42.8% |
| Return on equity | 10.1% |
| Dividend per share | $1.17 |
| Dividend years rising | 8 |

## Readings, computed from those figures

- Piotroski F: 7 of 9 (solid)
- Health Harbor boat: Sound ship · one warning sign · slow and jumpy: growing slower than its size class, with revenue that swings more
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $16.9B (FY2025), total debt $30.8B. Experience: revenue up 12.2% on the year, up 0.5% a year over 4 years; operating margin 27.9%, down from 29.0%. Soundness: equity 42.8% of assets, return on equity 10.1%, payout 82.4% of profit, dividend per share up 8 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $14.3B and $20.2B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $12.2B to $23.2B. A statistical range, not company guidance. Against peers (13 filers, $50M+ revenue, natural gas transmission): operating margin 27.9% against a 27.9% median; growth 12.2% against 12.2%.

Range logged 2026-09-26, receipt 0dd59811f5f47be8, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2026-04-22 ([filing](https://www.sec.gov/Archives/edgar/data/1506307/000150630726000033/0001506307-26-000033-index.htm))

## Recent filings

- 10-Q · filed 2026-10-23 · [filing](https://www.sec.gov/Archives/edgar/data/1506307/000150630726000132/0001506307-26-000132-index.htm)
- 8-K · filed 2026-10-21 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1506307/000150630726000130/0001506307-26-000130-index.htm)
- 8-K · filed 2026-09-28 · 7.01 Regulation FD Disclosure · [filing](https://www.sec.gov/Archives/edgar/data/1506307/000150630726000123/0001506307-26-000123-index.htm)
- 8-K · filed 2026-09-04 · 7.01 Regulation FD Disclosure · [filing](https://www.sec.gov/Archives/edgar/data/1506307/000150630726000115/0001506307-26-000115-index.htm)
- 8-K · filed 2026-08-10 · 7.01 Regulation FD Disclosure · [filing](https://www.sec.gov/Archives/edgar/data/1506307/000150630726000111/0001506307-26-000111-index.htm)
- 8-K · filed 2026-08-03 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1506307/000110465926089797/0001104659-26-089797-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001506307.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1506307

## Cite

POPS4, Edgar & Edgarette: KINDER MORGAN, INC. (KMI) company card, from the company's own SEC filings, accessed 2026-11-05, https://www.pops4.com/boards/company/KMI. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.