Filing Flows › Kinder Morgan (KMI) › Q3 2026
Kinder Morgan (KMI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 23, 2026
Kinder Morgan (KMI) reported revenue of $4.5B for the third quarter 2026 (Q3 2026), +9% from a year earlier and +1% from the quarter before. Operating margin was 25.6%, net earnings $764M (16.9% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.5B | +1% | +9% |
| Operating profit | $1.2B | -14% | +9% |
| Net earnings | $764M | -12% | +22% |
| Operating cash flow | $1.6B | -19% | +12% |
| Free cash flow | $545M | -44% | -12% |
What changed
Revenue was $4.5B in Q3 2026, up 9% year over year and up 1% from the previous quarter. Commodity sales was the largest line at 45% of revenue. Commodity sales added $0.31B year over year (up 18%), 82% of the total change.
Operating profit was $1.2B, a 25.6% margin (unchanged year over year). Of the extra revenue versus Q3 2025, 25% reached operating profit, below the 26% margin then. Total costs grew 9% against revenue growth of 9%. The fastest-growing cost line was Cost of revenue (+12%). Net earnings were $0.76B, up 22% year over year. The effective tax rate was 19.4%.
Operating cash flow was $1.6B (up 12% year over year), 201% of net income including minority interests. Non-cash charges added back $0.63B of depreciation and amortization. Working capital and other items added $0.17B. Capital expenditures of $1.0B left free cash flow of $0.55B.
Questions
What was Kinder Morgan's revenue in the third quarter 2026?
Kinder Morgan (KMI) reported revenue of $4.5B for the third quarter 2026 (Q3 2026), +9% from a year earlier and +1% from the quarter before.
Was Kinder Morgan profitable in the third quarter 2026?
Operating profit was $1.2B (25.6% of revenue) and net earnings $764M.
Source: Kinder Morgan 10-Q on SEC EDGAR.