KMIKinder Morgan

Energy · Pipelines · NYSE

Headquarters: Houston, TX
CEO: Kimberly A. Dang
Next results: around Jan 20, 2027

RevenueFY2016–25 $16.9B+12.2% FY2024: $15.1B 10-K FY2025 · XBRL Net incomeFY2016–25 $3.1B+17.0% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 $2.9B−3.8% FY2024: $3.0B 10-K FY2025 · XBRL Operating marginFY2016–25 27.9%−1.1 pts 27.1% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 13, 2026 against Feb 13, 2025

Area	What changed	Source
Risk factors	13 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Accounting checks	9 other checks clear	10-K · XBRL
Insiders	1 open-market buy in the last 90 days	Form 4
Filings	4 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 13, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-13. Quoted as filed.

New or amended laws, policies, regulations and oversight requirements, and compliance complexity resulting from disparities in requirements imposed by federal, state, and local authorities, could adversely impact our earnings, cash flows, and operations. Our assets and operations are subject to extensive and in some cases overlapping…
10-K, Item 1A

All 13 new paragraphs →

Accounting checks

latest 10-K

9 of 9 clear 0 worth a look. Checks, not verdicts.

✓
Cash from operations $5.9B vs net income $3.1B (FY ending 2025-12-31)
✓
Inventory +3.4% vs revenue +12.2% (-8.7 pts)
✓
Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 6, 2026Buy KINDER RICHARD D (Executive Chairman) bought $15.0M open-market purchase on Nov 6, 2026
Nov 6, 20268-K Regulation FD disclosure 8-K item 7.01
Oct 23, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Oct 21, 20268-K Quarterly results 8-K item 2.02

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