Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Nearly half the revenue is resold energy
Commodity sales grew fastest this quarter, but purchases absorb most of them, so service fees remain the profit engine.
For investorsWhat the build-out has to earn to pay for itself
For foundersHow contracted capacity turns heavy assets into steady income
Capital spending hit $1,045 million, its highest in two years, so free cash flow fell even as operating cash rose.
Lower interest and a lighter tax rate helped net income grow more than twice as fast as operating income.
The 25.6% operating margin nets a legal and environmental accrual against a gain on selling Florida terminals.
Unlock the financial breakdown, competitive insights, historical trends and founder playbook, plus research across the company library.
Free CXProWealth membership required
Business Lens describes Kinder Morgan from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
