# KINDER MORGAN, INC.

Summary updated: 2026-10-04T09:53:44.569445Z
Canonical: https://finbar.com/research/companies/kinder-morgan

## Overview

Kinder Morgan, Inc. is a North American energy infrastructure company focused on transporting and storing natural gas, crude oil, refined petroleum products and other commodities. Its principal businesses are Natural Gas Pipelines, Products Pipelines, Terminals and CO₂. The company reports a network of approximately 78,000 pipeline miles and 136 terminals, serving markets across North America. [1](https://app.finbar.com/go?id=P50054771)[2](https://app.finbar.com/go?id=P90267439)[3](https://www.kindermorgan.com/)

The company’s stated mission is to provide energy transportation and storage safely, efficiently and in an environmentally responsible manner; its vision is “Delivering Energy to Improve Lives and Create a Better World.” [4](https://www.kindermorgan.com/About-Us/Our-Values) Kinder Morgan reported 2025 revenue of approximately $16.9 billion and describes its workforce as approximately 11,000 employees. [5](https://app.finbar.com/go?id=T549645)[6](https://careers.kindermorgan.com/careers-home)
[1](https://app.finbar.com/go?id=P50054771)[2](https://app.finbar.com/go?id=P90267439)[5](https://app.finbar.com/go?id=T549645)[3](https://www.kindermorgan.com/)[4](https://www.kindermorgan.com/About-Us/Our-Values)[6](https://careers.kindermorgan.com/careers-home)

## Products & services

Kinder Morgan provides natural gas transportation, storage, gathering, processing and treating, sales, and liquefied natural gas (LNG) services. Its natural gas offerings include pipeline and storage capacity as well as gathering and processing infrastructure; at year-end 2025, the company reported roughly 42,000 miles of wholly owned natural gas pipelines and additional pipeline interests [2](https://app.finbar.com/go?id=P90267439)[7](https://app.finbar.com/go?id=T8753673).

Its petroleum and liquids offerings include transportation of gasoline, diesel, jet fuel, crude oil, renewable fuels and condensate; liquid-terminal storage and handling; and transmix services. Bulk terminals handle materials such as petroleum coke, metals and ores, while Jones Act-qualified tankers transport crude oil, condensate, refined products and renewable fuels between U.S. ports [8](https://app.finbar.com/go?id=P111174231)[9](https://app.finbar.com/go?id=P71858636). Kinder Morgan also produces, transports and markets carbon dioxide for enhanced oil recovery, including CO₂ supply and transportation services. Other offerings include oil and gas production, renewable natural gas (RNG), LNG facilities, and landfill-gas-to-energy facilities [10](https://app.finbar.com/go?id=P70434246)[11](https://app.finbar.com/go?id=P84874997).
[2](https://app.finbar.com/go?id=P90267439)[7](https://app.finbar.com/go?id=T8753673)[8](https://app.finbar.com/go?id=P111174231)[9](https://app.finbar.com/go?id=P71858636)[10](https://app.finbar.com/go?id=P70434246)[11](https://app.finbar.com/go?id=P84874997)

## Geographic presence

Kinder Morgan’s operations are concentrated in the United States, with a smaller cross-border presence in Mexico. As of its Q2 2026 report, the company described a North American network of approximately 78,000 pipeline miles and 136 terminals, as well as more than 700 Bcf of working natural-gas storage. Its natural-gas pipeline network serves supply areas and customers across the western U.S., Rocky Mountain region, Midwest, Texas, Louisiana, Southeast and Northeast. [12](https://app.finbar.com/go?id=P142959303)[2](https://app.finbar.com/go?id=P90267439) The company also lists Mexico pipeline assets, including the 90-mile Mier–Monterrey pipeline and 140-mile NET Mexico system. [13](https://app.finbar.com/go?id=T9258455)

In FY2025, revenue from external customers was reported as $16,926 million in the U.S. and $11 million in Mexico—approximately 99.9% and 0.1%, respectively, of reported total revenue of $16,937 million. [14](https://app.finbar.com/go?id=T4995198) The company’s principal executive office is in Houston, Texas. [15](https://app.finbar.com/go?id=P86482089)
[12](https://app.finbar.com/go?id=P142959303)[2](https://app.finbar.com/go?id=P90267439)[13](https://app.finbar.com/go?id=T9258455)[14](https://app.finbar.com/go?id=T4995198)[15](https://app.finbar.com/go?id=P86482089)

## Business segments

Kinder Morgan, Inc. reports four business segments; “Corporate and Eliminations” is shown separately in segment tables but is not a fifth reportable segment. Natural Gas Pipelines operates interstate and intrastate pipelines, underground storage, LNG facilities and NGL fractionation, and provides transportation, storage, sales, gathering, processing and related services. Products Pipelines transports refined petroleum products, crude oil and condensate, and includes associated terminals and processing activities. In FY2025, these segments generated approximately 64.9% and 15.9%, respectively, of consolidated external-customer revenue; in the first half of 2026, their shares were approximately 64.0% and 17.1%. [1](https://app.finbar.com/go?id=P50054771)[2](https://app.finbar.com/go?id=P90267439)[5](https://app.finbar.com/go?id=T549645)[16](https://app.finbar.com/go?id=T16352855)

The Terminals segment covers liquid and bulk terminal facilities outside the Products Pipelines segment, as well as Jones Act-qualified product tankers; handled materials include liquid products and dry bulk commodities such as petroleum coke, metals and ores. The CO₂ segment produces, transports and markets CO₂ for enhanced oil recovery and also includes oil and gas producing fields and RNG, LNG and landfill-gas-to-energy facilities. Terminals represented approximately 12.4% of FY2025 and 12.0% of first-half 2026 external-customer revenue; CO₂ represented approximately 6.9% in both periods. [17](https://app.finbar.com/go?id=P7583399)[9](https://app.finbar.com/go?id=P71858636)[10](https://app.finbar.com/go?id=P70434246)[5](https://app.finbar.com/go?id=T549645)[16](https://app.finbar.com/go?id=T16352855)

KMI also presents revenue by type or source, including services, commodity sales and other revenue; this is a revenue disaggregation, not a separate operating-segment structure. [18](https://app.finbar.com/go?id=T3417030)[19](https://app.finbar.com/go?id=T16352850)
[1](https://app.finbar.com/go?id=P50054771)[2](https://app.finbar.com/go?id=P90267439)[5](https://app.finbar.com/go?id=T549645)[16](https://app.finbar.com/go?id=T16352855)[17](https://app.finbar.com/go?id=P7583399)[9](https://app.finbar.com/go?id=P71858636)[10](https://app.finbar.com/go?id=P70434246)[18](https://app.finbar.com/go?id=T3417030)[19](https://app.finbar.com/go?id=T16352850)

## Company history

Kinder Morgan’s origins date to 1997, when a group led by Richard D. “Rich” Kinder and William V. “Bill” Morgan formed Kinder Morgan Energy Partners in Houston. In 1999, it acquired KN Energy, bringing Natural Gas Pipeline Company of America into its portfolio and establishing Kinder Morgan, Inc. as the parent company. [20](https://www.kindermorgan.com/About-Us/History) In 2005, Kinder Morgan acquired Terasen, adding the Trans Mountain pipeline system. A management-led buyout took KMI private in 2006; it returned to public trading in 2011. [20](https://www.kindermorgan.com/About-Us/History) [21](https://ir.kindermorgan.com/news/news-details/2011/Kinder-Morgan-Inc-Parent-Commences-Initial-Public-Offering/default.aspx)

In 2012, Kinder Morgan completed its acquisition of El Paso Corporation, expanding its natural-gas pipeline assets. In 2014, it consolidated Kinder Morgan Energy Partners, Kinder Morgan Management, and El Paso Pipeline Partners into a single publicly traded company. [22](https://ir.kindermorgan.com/news/news-details/2012/Kinder-Morgan-Inc--Completes-Acquisition-of-El-Paso-Corporation-2012-BK4i_idpw7/default.aspx) [23](https://ir.kindermorgan.com/news/news-details/2014/Kinder-Morgan-Announces-Closing-of-the-Merger-Transactions/default.aspx) Steve Kean became CEO in 2015, with Rich Kinder becoming executive chairman. In 2018, Kinder Morgan Canada completed the sale of the Trans Mountain system and expansion project to the Government of Canada. [24](https://www.kindermorgan.com/About-Us/Governance) [25](https://ir.kindermorgan.com/news/news-details/2018/Trans-Mountain-Pipeline-System-and-Expansion-Project-to-Be-Sold-for-C45-Billion/default.aspx)
[20](https://www.kindermorgan.com/About-Us/History)[21](https://ir.kindermorgan.com/news/news-details/2011/Kinder-Morgan-Inc-Parent-Commences-Initial-Public-Offering/default.aspx)[22](https://ir.kindermorgan.com/news/news-details/2012/Kinder-Morgan-Inc--Completes-Acquisition-of-El-Paso-Corporation-2012-BK4i_idpw7/default.aspx)[23](https://ir.kindermorgan.com/news/news-details/2014/Kinder-Morgan-Announces-Closing-of-the-Merger-Transactions/default.aspx)[24](https://www.kindermorgan.com/About-Us/Governance)[25](https://ir.kindermorgan.com/news/news-details/2018/Trans-Mountain-Pipeline-System-and-Expansion-Project-to-Be-Sold-for-C45-Billion/default.aspx)

## Sources

1. [KINDER MORGAN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P50054771)
2. [KINDER MORGAN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P90267439)
3. [www.kindermorgan.com](https://www.kindermorgan.com/)
4. [www.kindermorgan.com](https://www.kindermorgan.com/About-Us/Our-Values)
5. [KINDER MORGAN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T549645)
6. [careers.kindermorgan.com](https://careers.kindermorgan.com/careers-home)
7. [KINDER MORGAN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T8753673)
8. [KINDER MORGAN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P111174231)
9. [KINDER MORGAN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P71858636)
10. [KINDER MORGAN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P70434246)
11. [KINDER MORGAN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P84874997)
12. [KINDER MORGAN, INC. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P142959303)
13. [KINDER MORGAN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T9258455)
14. [KINDER MORGAN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T4995198)
15. [KINDER MORGAN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P86482089)
16. [KINDER MORGAN, INC. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16352855)
17. [KINDER MORGAN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P7583399)
18. [KINDER MORGAN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T3417030)
19. [KINDER MORGAN, INC. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16352850)
20. [www.kindermorgan.com](https://www.kindermorgan.com/About-Us/History)
21. [ir.kindermorgan.com](https://ir.kindermorgan.com/news/news-details/2011/Kinder-Morgan-Inc-Parent-Commences-Initial-Public-Offering/default.aspx)
22. [ir.kindermorgan.com](https://ir.kindermorgan.com/news/news-details/2012/Kinder-Morgan-Inc--Completes-Acquisition-of-El-Paso-Corporation-2012-BK4i_idpw7/default.aspx)
23. [ir.kindermorgan.com](https://ir.kindermorgan.com/news/news-details/2014/Kinder-Morgan-Announces-Closing-of-the-Merger-Transactions/default.aspx)
24. [www.kindermorgan.com](https://www.kindermorgan.com/About-Us/Governance)
25. [ir.kindermorgan.com](https://ir.kindermorgan.com/news/news-details/2018/Trans-Mountain-Pipeline-System-and-Expansion-Project-to-Be-Sold-for-C45-Billion/default.aspx)

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