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KINDER MORGAN INC

For the period ended Sep 30, 2024. Filed Oct 18, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Oct 18, 2024

KMI$30.57+2.0%Stored close · as of Nov 9, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2024

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number:001-35081

KINDER MORGAN, INC.

(Exact name of registrant as specified in its charter)

Delaware80-0682103
(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)

1001 Louisiana Street, Suite 1000, Houston, Texas 77002

(Address of principal executive offices)(zip code)

Registrant’s telephone number, including area code:713-369-9000

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Class P Common StockKMINew York Stock Exchange
2.250% Senior Notes due 2027KMI 27 ANew York Stock Exchange

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes þ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “non-accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer þ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company☐ Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ Noþ

As of October 17, 2024, the registrant had 2,221,640,145 shares of Class P common stock outstanding.

TABLE OF CONTENTS

PageNumber
Glossary2
Information Regarding Forward-Looking Statements3
PART I. FINANCIAL INFORMATION
Item 1.Financial Statements (Unaudited)
Consolidated Statements of Income - Three and Nine Months Ended September 30, 2024 and 20234
Consolidated Statements of Comprehensive Income - Three and Nine Months Ended September 30, 2024 and 20235
Consolidated Balance Sheets - as of September 30, 2024 and December 31, 20236
Consolidated Statements of Cash Flows - Nine Months Ended September 30, 2024 and 20237
Consolidated Statements of Stockholders’ Equity - Three and Nine Months Ended September 30, 2024 and 20239
Notes to Consolidated Financial Statements10
Note 1.General10
Note 2.Acquisitions and Divestitures11
Note 3.Losses on Impairments12
Note 4.Debt13
Note 5.Stockholders’ Equity14
Note 6.Risk Management15
Note 7.Revenue Recognition20
Note 8.Reportable Segments23
Note 9.Income Taxes24
Note 10.Litigation and Environmental25
Note 11.Recent Accounting Pronouncements29
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations
General and Basis of Presentation30
Results of Operations30
Overview30
Consolidated Earnings Results34
Non-GAAP Financial Measures37
Segment Earnings Results41
Liquidity and Capital Resources49
Summarized Combined Financial Information for Guarantee of Securities of Subsidiaries55
Item 3.Quantitative and Qualitative Disclosures About Market Risk56
Item 4.Controls and Procedures56
PART II. OTHER INFORMATION
Item 1.Legal Proceedings56
Item 1A.Risk Factors56
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds56
Item 3.Defaults Upon Senior Securities56
Item 4.Mine Safety Disclosures56
Item 5.Other Information56
Item 6.Exhibits57
Signature58
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.