Based on the latest figures, Kinder Morgan reports a gross margin of 46.9%, an operating margin of 29%, an EBITDA margin of 48.6%, and a net margin of 19.3%. Margin expansion was strongest in net margin, which rose by 2.2 percentage points. Gross margin had the strongest contraction, falling by 0.4 percentage points.
KMI margin history
Over the last 3 years, Kinder Morgan recorded average margins of 47.21% gross, 28.18% operating, 48.04% EBITDA, and 17.12% net. Kinder Morgan's current performance shows that operating, EBITDA, and net margins are above their three-year averages and gross margin is below its three-year average.
KMI margin expansion
From the same period last year, operating margin expanded by 1.3 percentage points, EBITDA margin by 0.9 percentage points, and net margin by 2.2 percentage points, while gross margin contracted by 0.4 percentage points.
KMI Gross margin
Kinder Morgan recorded an average gross margin of 47.21% across the last 3 years. Kinder Morgan currently reports a gross margin of 46.9%, 0.3 percentage points below its three-year average. The gross margin for Kinder Morgan moved between 46.4% in Sep 2025 and 48.7% in Dec 2024.
KMI Operating margin
The average operating margin for Kinder Morgan was 28.18% over the last 3 years. As of the latest period, the current operating margin for Kinder Morgan is 29%, 0.8 percentage points above its three-year average. The operating margin for Kinder Morgan moved between 27.2% in Sep 2025 and 29% in Jun 2026.
KMI EBITDA margin
Over the last 3 years, the average EBITDA margin for Kinder Morgan was 48.04%. The latest EBITDA margin for Kinder Morgan is 48.6%, 0.6 percentage points above its three-year average. Kinder Morgan's EBITDA margin ranged from a low of 46.6% in Dec 2023 to a high of 49.7% in Dec 2024.
KMI Net margin
Kinder Morgan recorded an average net margin of 17.12% across the last 3 years. As of the latest period, Kinder Morgan's current net margin is 19.3%, which is 2.2 percentage points above its three-year average. Looking back over the last 3 years, Kinder Morgan's net margin reached 19.3% at its highest point in Jun 2026 and 15.6% at its lowest in Dec 2023.
KMI margin group comparison
Kinder Morgan's gross margin of 46.9% is higher than the Energy sector and its peers average but lower than the industry average. Looking at the Energy sector average of 42.7%, Kinder Morgan's gross margin is 10% higher.
KMI margin peer comparison
Frequently asked questions
What is Kinder Morgan's gross margin?
As of Jun 30, 2026, KMI has a gross margin of 46.9%.
What is Kinder Morgan's operating margin?
The current operating margin for KMI is 29% as of Jun 30, 2026.
What is Kinder Morgan's EBITDA margin?
For the period ending Jun 30, 2026, KMI recorded an EBITDA margin of 48.6%.
What is Kinder Morgan's net margin?
For the period ending Jun 30, 2026, KMI recorded a net margin of 19.3%.
What are the average margins of KMI?
Over the past 3 years, KMI reported average margins of 47.2% gross, 28.2% operating, 48.0% EBITDA, and 17.1% net.
What are the highest historical margins of KMI?
In the last 5 years, the highest margins reported by KMI were 48.7% gross in Dec 2024, 29% operating in Jun 2026, 49.7% EBITDA in Dec 2024, and 19.3% net in Jun 2026.
What are the lowest historical margins of KMI?
Across the 5-year period, KMI posted its lowest margins at 35.2% gross in Sep 2022, 13.1% operating in Mar 2022, 30.8% EBITDA in Mar 2022, and 6.6% net in Mar 2022.