Kinder Morgan Inc. reported its financial results for the year ended December 31, 2025. Revenues for the period reached USD 15.52 billion. Operating income was USD 4.17 billion, while net income totaled USD 3.16 billion, a 16 percent increase from the previous year. Net income attributable to shareholders stood at USD 3.06 billion, up 17 percent. Adjusted net income attributable to common stock was USD 2.88 billion, and adjusted earnings per share amounted to USD 1.30. Adjusted EBITDA for the year was USD 8.39 billion. The company’s basic and diluted earnings per share were USD 1.37, reflecting a 17 percent increase. Basic and diluted weighted average shares outstanding were 2,223 million. Kinder Morgan’s stockholders’ equity was USD 26.31 billion at year-end. Total liabilities and stockholders’ equity were USD 68.49 billion. The company recorded USD 896 million in earnings from equity investments and a net interest expense of USD 1.80 billion. Income before income taxes was USD 3.99 billion, up 17 percent. Income tax expense was USD 832 million. Recent accounting pronouncements impacting the company’s financial reporting are discussed in Note 18 of the consolidated financial statements.

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