KINDER MORGAN, INC.
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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FY2025 · Filed Feb 13, 2026
KMI$31.19+2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
(In millions, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $63 | $88 |
| Restricted deposits | 46 | 126 |
| Accounts receivable | 1,714 | 1,506 |
| Inventories | 574 | 555 |
| Other current assets | 357 | 246 |
| Total current assets | 2,754 | 2,521 |
| Property, plant, and equipment, net | 39,331 | 38,013 |
| Investments | 7,532 | 7,845 |
| Goodwill | 20,084 | 20,084 |
| Other intangibles, net | 1,730 | 1,760 |
| Deferred charges and other assets | 1,317 | 1,184 |
| Total Assets | $72,748 | $71,407 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Current portion of debt | $1,226 | $2,009 |
| Accounts payable | 1,408 | 1,395 |
| Accrued interest | 534 | 543 |
| Accrued taxes | 256 | 276 |
| Other current liabilities | 898 | 878 |
| Total current liabilities | 4,322 | 5,101 |
| Long-term liabilities and deferred credits | ||
| Long-term debt | ||
| Outstanding | 30,597 | 29,779 |
| Debt fair value adjustments | 180 | 102 |
| Total long-term debt | 30,777 | 29,881 |
| Deferred income taxes | 2,891 | 2,070 |
| Other long-term liabilities and deferred credits | 2,309 | 2,488 |
| Total long-term liabilities and deferred credits | 35,977 | 34,439 |
| Total Liabilities | 40,299 | 39,540 |
| Commitments and contingencies (Notes 8, 12, 16 and 17) | ||
| Stockholders’ Equity | ||
| Class P Common Stock, $0.01 par value, 4,000,000,000 shares authorized, 2,224,777,750 and 2,221,647,775 shares, respectively, issued and outstanding | 22 | 22 |
| Additional paid-in capital | 41,276 | 41,237 |
| Accumulated deficit | (10,181) | (10,633) |
| Accumulated other comprehensive income (loss) | 45 | (95) |
| Total Kinder Morgan, Inc.’s stockholders’ equity | 31,162 | 30,531 |
| Noncontrolling interests | 1,287 | 1,336 |
| Total Stockholders’ Equity | 32,449 | 31,867 |
| Total Liabilities and Stockholders’ Equity | $72,748 | $71,407 |
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