Kinder Morgan, Inc. (KMI) Revenue by Segment

Kinder Morgan revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Kinder Morgan's largest business segment was Natural Gas Pipelines, with $2.66 billion or 60% of revenue, up 5.3% from a year earlier. Next: Products Pipelines (20%), Terminals (12%) and CO2 (8%).

By product or service, Oil and Gas Service brought in 55%, Product brought in 44% and Other brought in 1% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Products Pipelines (+30.5%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

Kinder Morgan, Inc.

KMIEnergy

United States

Energy

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Natural Gas PipelinesProducts PipelinesTerminalsCo2Kinder Morgan Canada

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Natural Gas Pipelines	USD 2.66B	59.5%	+5.3%
Products Pipelines	USD 902.00M	20.1%	+30.5%
Terminals	USD 556.00M	12.4%	+4.7%
Co2	USD 355.00M	7.9%	+22.8%

Sum of items USD 4.48B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18
Natural Gas Pipelines	2.7B	3.3B	3.0B	2.7B	2.5B	2.8B	2.4B	2.2B	2.0B	2.3B	2.4B	2.3B	2.0B	2.5B	3.0B	3.5B	3.4B	2.8B	3.0B	2.5B	2.0B	4.6B	2.0B	1.8B	1.6B	1.9B	2.1B	1.9B	2.0B	2.2B	2.4B	2.2B	2.1B	2.1B
Products Pipelines	902.0M	687.0M	655.0M	677.0M	691.0M	663.0M	740.0M	711.0M	776.0M	728.0M	801.0M	862.0M	735.0M	668.0M	784.0M	872.0M	996.0M	766.0M	673.0M	605.0M	514.0M	405.0M	439.0M	442.0M	345.0M	495.0M	481.0M	484.0M	442.0M	424.0M	467.0M	475.0M	503.0M	442.0M
Terminals	556.0M	562.0M	531.0M	516.0M	531.0M	516.0M	515.0M	496.0M	508.0M	494.0M	491.0M	483.0M	477.0M	460.0M	454.0M	457.0M	449.0M	429.0M	439.0M	421.0M	433.0M	277.0M	437.0M	423.0M	418.0M	441.0M	510.0M	507.0M	506.0M	508.0M	513.0M	503.0M	514.0M	495.0M
Co2	355.0M	288.0M	285.0M	281.0M	289.0M	312.0M	298.0M	319.0M	298.0M	287.0M	312.0M	294.0M	302.0M	297.0M	335.0M	351.0M	343.0M	305.0M	–	257.0M	243.0M	245.0M	246.0M	251.0M	232.0M	309.0M	306.0M	298.0M	310.0M	305.0M	385.0M	316.0M	250.0M	304.0M
Kinder Morgan Canada	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	44.0M	65.0M	61.0M

Kinder Morgan revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Natural Gas Pipelines	$2.7B	$3.3B	$2.7B	$2.5B	60%
Products Pipelines	$902.0M	$687.0M	$677.0M	$691.0M	20%
Terminals	$556.0M	$562.0M	$516.0M	$531.0M	12%
CO2	$355.0M	$288.0M	$281.0M	$289.0M	8%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Kinder Morgan revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Oil and Gas Service	$2.5B	$2.5B	$2.3B	$2.3B	55%
Product	$2.0B	$2.2B	$1.8B	$1.7B	44%
Other	$43.0M	$58.0M	$48.0M	$48.0M	1%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Kinder Morgan's business segments?

Natural Gas Pipelines, Products Pipelines, Terminals and CO2 (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Kinder Morgan?

Natural Gas Pipelines: $2.66 billion, or 60% of revenue, in Q2 fiscal 2026.

What are Kinder Morgan's main products and services?

By revenue in Q2 fiscal 2026: Oil and Gas Service (55%), Product (44%) and Other (1%).

MoreKinder Morgan stock overview Kinder Morgan financials Kinder Morgan executive team Kinder Morgan shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.