Filing Flows › Kinder Morgan (KMI) › Q3 2026 › vs Q2 2026
Kinder Morgan (KMI) Q3 2026 vs Q2 2026 (quarter over quarter)
Kinder Morgan's revenue rose $54.0M (+1%) from $4.5B in Q2 2026 to $4.5B in Q3 2026. Operating margin 25.6% against 30.1% (-4.5 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 25.6% | 30.1% | -4.5 pts |
| Net margin | 16.9% | 19.4% | -2.5 pts |
| Free cash flow margin | 12.0% | 21.8% | -9.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $4.5B | $4.5B | $54.0M | +1% |
| Operating profit | $1.2B | $1.3B | −$186M | -14% |
| Costs & expenses | $3.4B | $3.1B | $240M | +8% |
| Pre-tax earnings | $980M | $1.2B | −$186M | -16% |
| Other expense, net | $180M | $180M | $0 | 0% |
| Cost of revenue | $1.6B | $1.4B | $161M | +11% |
| General & admin | $190M | $192M | −$2.0M | -1% |
| Other operating costs | $1.6B | $1.5B | $81.0M | +5% |
| Net earnings | $764M | $867M | −$103M | -12% |
| Minority interests | $26.0M | $27.0M | −$1.0M | -4% |
| Income tax | $190M | $272M | −$82.0M | -30% |
| Depreciation & amortization | $628M | $620M | $8.0M | +1% |
| Working capital & other | $198M | $473M | −$275M | -58% |
| Operating cash flow | $1.6B | $2.0B | −$370M | -19% |
| Free cash flow (OCF − capex) | $545M | $978M | −$433M | -44% |
| Capital expenditures | $1.0B | $982M | $63.0M | +6% |
Questions
How much did Kinder Morgan's revenue grow quarter over quarter in Q3 2026?
Kinder Morgan's revenue rose $54.0M (+1%) from $4.5B in Q2 2026 to $4.5B in Q3 2026. Operating margin 25.6% against 30.1% (-4.5 pts).