Kinder Morgan (KMI) FY2024 results: revenue $15.1 billion, down 1.5% on the year
Kinder Morgan, Inc. (KMI) reported revenue of $15.1 billion for fiscal 2024, the year ended 31 December 2024, down 1.5% on the year before. Net income was $2.6 billion, up 9.3%, and diluted earnings per share $1.17. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.
Revenue
$15.1 billion
-1.5% on the year
FY2017FY2024
Operating margin
29.0%
27.8% a year earlier
FY2017FY2024
Net income
$2.6 billion
+9.3% on the year
FY2017FY2024
Diluted EPS
$1.17
+10.4% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
5,635
6,491
4,967
-13.2%
Capital expenditure
2,629
2,317
1,621
+13.5%
Free cash flow
3,006
4,174
3,346
-28.0%
Free cash flow margin
19.9%
27.2%
17.4%
Cash from investing
-2,629
-4,175
-2,175
Cash from financing
-2,887
-3,014
-3,145
Depreciation and amortisation
2,354
2,250
2,186
+4.6%
Buybacks
7.0
522
368
-98.7%
Dividends paid
2,557
2,529
2,504
+1.1%
Dividend per share
$1.15
$1.13
$1.11
+1.8%
Diluted shares, weighted
2,220m
2,234m
2,258m
-0.6%
Shares outstanding at period end
2,222m
2,220m
2,248m
+0.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
30,531
30,306
30,742
+0.7%
Non-controlling interest
1,336
1,423
1,372
-6.1%
Debt
31,890
32,116
31,788
-0.7%
Operating lease liabilities
193
230
240
-16.1%
Other liabilities
7,457
6,945
5,936
+7.4%
Total liabilities and equity
71,407
71,020
70,078
+0.5%
Fixed assets
38,013
37,297
35,599
+1.9%
Goodwill
20,084
20,121
19,965
-0.2%
Intangible assets
1,760
1,957
1,809
-10.1%
Investments
7,845
7,874
7,653
-0.4%
Cash and equivalents
88.0
83.0
745
+6.0%
Inventory
555
525
634
+5.7%
Other assets
3,062
3,163
3,673
-3.2%
Total assets
71,407
71,020
70,078
+0.5%
10-K for the year ended 31 December 2024, filed 13 February 2025: the filing.