KINDER MORGAN, INC.

For the period ended Dec 31, 2025. Filed Feb 13, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 13, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Index to Financial Statements

PageNumber
Report of Independent Registered Public Accounting Firm	(PCAOB ID: 238)	67
Consolidated Statements of Income for the years ended December 31, 2025, 2024, and 2023	69
Consolidated Statements of Comprehensive Income for the years ended December 31, 2025, 2024, and 2023	70
Consolidated Balance Sheets as of December 31, 2025 and 2024	71
Consolidated Statements of Cash Flows for the years ended December 31, 2025, 2024, and 2023	72
Consolidated Statements of Stockholders’ Equity as of and for the years ended December 31, 2025, 2024, and 2023	74
Notes to Consolidated Financial Statements	75
Note 1.	General	75
Note 2.	Summary of Significant Accounting Policies	75
Note 3.	Acquisitions and Divestitures	84
Note 4.	Income Taxes	86
Note 5.	Property, Plant, and Equipment, net	89
Note 6.	Investments	90
Note 7.	Goodwill	91
Note 8.	Debt	91
Note 9.	Share-based Compensation and Employee Benefits	95
Note 10.	Stockholders’ Equity	101
Note 11.	Related Party Transactions	102
Note 12.	Commitments and Contingent Liabilities	103
Note 13.	Risk Management	104
Note 14.	Revenue Recognition	108
Note 15.	Reportable Segments	110
Note 16.	Leases	114
Note 17.	Litigation and Environmental	115
Note 18.	Recent Accounting Pronouncements	119

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.