Filing Flows › Kinder Morgan (KMI) › Operating margin
Kinder Morgan (KMI) operating margin by quarter
Kinder Morgan's operating margin was 25.6% in Q3 2026 (third quarter 2026), -4.5 pts from Q2 2026. Over the last 7 quarters it ranged from 25.6% (Q3 2026) to 30.3% (Q4 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 25.6% | -4.5 pts | -0.0 pts |
| Q2 2026 | 30.1% | +0.2 pts | +1.6 pts |
| Q1 2026 | 29.9% | -0.3 pts | +2.9 pts |
| Q4 2025 | 30.3% | +4.6 pts | — |
| Q3 2025 | 25.6% | -2.9 pts | — |
| Q2 2025 | 28.5% | +1.5 pts | — |
| Q1 2025 | 27.0% | — | — |
Q3 2026 at a glance
Kinder Morgan, Q3 2026: revenue $4.5B (+9% year over year), operating margin 25.6%, net earnings $764M, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
Questions
What is Kinder Morgan's operating margin?
Kinder Morgan's operating margin was 25.6% in Q3 2026 (third quarter 2026), -4.5 pts from Q2 2026.
How has Kinder Morgan's operating margin changed?
Over the last 7 quarters it ranged from 25.6% (Q3 2026) to 30.3% (Q4 2025).