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KINDER MORGAN, INC. FY 2025 10-K, explained in plain English

KMI · 10-K for the period ending December 31, 2025, filed February 13, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$15.2B
Gross margin— not reported
Operating income$4.7B
Net income$3.1B
Diluted EPS$1.37
Cash & equivalents$63.0M
Total assets$72.7B
Long-term debt$30.8B

Key takeaway

KMI reported $15.2 billion in revenue and $3.06 billion in net income for fiscal 2025, translating to $1.37 diluted EPS.

🔒 4 more takeaways in the full analysis

Beneath the surface

Cash of only $63 million versus total debt of roughly $31.8 billion (DebtInstrumentCarryingAmount) means net debt is effectively the full debt balance, leaving virtually no liquidity buffer on the balance sheet itself.

🔒 3 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for KMI.

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