Screener / SEC EDGAR /CIK 0001506307 /10-K filed Feb 13, 2026, compared with Feb 13, 2025 /Numbers from the XBRL of the 10-Ks

NYSE Energy · Pipelines

Kinder Morgan KMI

New risk paragraphs 13 Not in last year's 10-K Accounting checks 0 worth reading about, of 9 checks Insider buys 1 open-market, last 90 days Filings 7 in the last 30 days

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Cash returned and share count, year to Dec 31, 2025

Share count +0.1% in a year

XBRL, latest 10-K

Buybacks $0 cash paid for its own shares

Paid in stock to employees - stock-based compensation

Share count, 1 year +0.1% more shares: owners are diluted

Share count, 3 years -1.6% diluted average shares

New shares against shares bought back

Dilution: new shares, stock pay and buybacks · S-3 and 424B, 3 years; 10-K

Shares offered

No S-3 or 424B prospectus for shares since Nov 15, 2023.

Paid in stock

no stock-based pay line in the 10-K XBRL, year to Dec 31, 2025

Bought back

cash paid for its own shares, year to Dec 31, 2025

Diluted shares: 2.22B in the year to Dec 31, 2025 2025 +0.1%2024 -0.6%2023 -1.1%2022 -0.4%

Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. How

Net share count, 4 years

Shares, buybacks and stock pay, fiscal years 2021 to 2025 · 10-K XBRL

-1.9% shares

Share count -1.9% diluted average shares, 4 years to Dec 31, 2025, splits taken out

Bought back $897.0M cash paid for its own shares, summed over the 4 years

Paid in stock - stock-based compensation, summed over the same years

Fiscal year	Shares, change	Bought back	Paid in stock	Cash from shares sold
Dec 31, 2025	+0.1%	$0	-	-
Dec 31, 2024	-0.6%	$7.0M	-	-
Dec 31, 2023	-1.1%	$522.0M	-	-
Dec 31, 2022	-0.4%	$368.0M	-	-

Each year's change is the diluted weighted average share count against the year before, with stock splits taken out; the headline change compares the two ends of the span on one basis. Buybacks and stock pay are added up over the same years. Buybacks that only offset stock pay leave the count flat: both are shown, no verdict. How

Where the cash came from and where it went

FY2023 to FY2025, from the cash flow statements in the 10-Ks, added up

Last year 3 years 5 years 10 years

The same cash, step by step

Came from

Operating cash flow NetCashProvidedByUsedInOperatingActivities, 0001506307-26-000011	$18.0B
Debt raised ProceedsFromIssuanceOfDebt, 0001506307-26-000011	$28.0B
Cash on hand used CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0001506307-26-000011	$685.0M

Went to

Capital spending PaymentsToAcquirePropertyPlantAndEquipment, 0001506307-26-000011	$8.0B
Buybacks PaymentsForRepurchaseOfCommonStock, 0001506307-26-000011	$529.0M
Dividends PaymentsOfDividendsCommonStock, 0001506307-26-000011	$7.7B
Debt repaid RepaymentsOfDebt, 0001506307-26-000011	$28.0B
Other, net investments bought and sold, other financing and investing lines, and exchange rates	$2.6B

Each number is a line of the cash flow statement as the company tagged it. "Other, net" is what those lines do not cover (investments bought and sold, other financing and investing lines, and exchange rates); Tickdelta does not estimate it.

Where the operating cash went, year by year

FY2016 to FY2025 · cash flow statements, 10-K XBRL

10 years

Operating cash, added up $52.4B 10 fiscal years, FY2016 to FY2025

Reinvested 46% capital spending and acquisitions, as a share of that cash

Returned to owners 43% buybacks and dividends, as a share of that cash

Debt repaid $95.5B gross repayments added up; debt that was refinanced counts each time

Capital spendingAcquisitionsBuybacksDividendsDebt repaid Operating cash flow

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025

Fiscal year	Operating cash	Capital spending	Acquisitions	Buybacks	Dividends	Debt repaid
Dec 31, 2025	$5.9B	$3.0B	-	-	$2.6B	$10.1B
Dec 31, 2024	$5.6B	$2.6B	-	$7.0M	$2.6B	$10.6B
Dec 31, 2023	$6.5B	$2.3B	-	$522.0M	$2.5B	$7.4B
Dec 31, 2022	$5.0B	$1.6B	-	$368.0M	$2.5B	$9.7B
Dec 31, 2021	$5.7B	$1.3B	-	-	$2.4B	$6.8B
Dec 31, 2020	$4.5B	$1.7B	$16.0M	$50.0M	$2.4B	$4.0B
Dec 31, 2019	$4.7B	$2.3B	$79.0M	$2.0M	$2.2B	$11.2B
Dec 31, 2018	$5.0B	$2.9B	$39.0M	$273.0M	$1.6B	$14.6B
Dec 31, 2017	$4.6B	$3.2B	$4.0M	$250.0M	$1.1B	$11.1B
Dec 31, 2016	$4.8B	$2.9B	$333.0M	-	$1.1B	$10.1B
Added up	$52.4B	$23.8B 45% of operating cash	$471.0M 1% of operating cash	$1.5B 3% of operating cash	$21.0B 40% of operating cash	$95.5B 182% of operating cash

Each bar is one fiscal year; its colours add up to what the cash flow statement says the company spent on each line, and the line across it is that year's operating cash flow. Spending above the line was paid from new debt, shares sold or cash on hand. A bar part links to the 10-K it comes from. A line the company did not report is left out, not estimated, so the shares are of operating cash only and can add up to more or less than 100%. Debt repaid is the gross amount, so refinanced debt is counted each time it is repaid. A reading aid, not a grade: Tickdelta does not say whether a split was good. Banks and insurers are left out.

Buybacks, dividends and share count

Year by year · XBRL, each 10-K

Fiscal year to	Buybacks	Dividends	Stock pay	Shares issued for cash	Diluted shares
Dec 31, 2025	$0	$2.6B	-	-	2.22B
Dec 31, 2024	$7.0M	$2.6B	-	-	2.22B
Dec 31, 2023	$522.0M	$2.5B	-	-	2.23B
Dec 31, 2022	$368.0M	$2.5B	-	-	2.26B
Dec 31, 2021	$0	$2.4B	-	-	2.27B

From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: buybacks = PaymentsForRepurchaseOfCommonStock; dividends = PaymentsOfDividendsCommonStock; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.

Dividend per share, year by year

Dividends · declared per share, each 10-K; cash paid, cash flow statement

Per share, FY2025 $1.17 declared in the fiscal year to Dec 31, 2025

Against the year before ▲+1.7% dividend per share

Years in a row raised 8 to FY2025, per share

Cash paid out $2.6B cash flow statement, FY2025

Years paid in a row 10+ fiscal years, to FY2025, every year on file, dividend per share above zero

Growth a year, FY2016 to FY2025 +9.9% $0.50 to $1.17 per share, 9 years

Declared since the 10-K: Sep 30, 2026 $0.2975Jun 30, 2026 $0.2975Mar 31, 2026 $0.2925

$0.80

$1.00

$1.05

$1.08

$1.11

$1.13

$1.15

$1.17

20182019202020212022202320242025

Fiscal year to	Per share	Against year before	Cash paid out
Dec 31, 2025	$1.17	▲+1.7%	$2.6B
Dec 31, 2024	$1.15	▲+1.8%	$2.6B
Dec 31, 2023	$1.13	▲+1.8%	$2.5B
Dec 31, 2022	$1.11	▲+2.8%	$2.5B
Dec 31, 2021	$1.08	▲+2.9%	$2.4B
Dec 31, 2020	$1.05	▲+5.0%	-
Dec 31, 2019	$1.00	▲+25.0%	-
Dec 31, 2018	$0.80	▲+60.0%	-

Dividend per share as the company tagged it (CommonStockDividendsPerShareDeclared), from the latest 10-K that reports each year, so a stock split is already in it. A change is left blank when the year before is missing or the jump is more than five times.

What it paid for each share it bought back

Price paid · 10-K, statement of shareholders' equity

Cheapest year $13.93 fiscal year to Dec 31, 2020

Dearest year $16.94 fiscal year to Dec 31, 2022

What KMI paid on average for each share it bought back, each fiscal year: dollars spent divided by shares bought, both from the 10-K.

Fiscal year to	Shares bought	Spent	Average price
Dec 31, 2024	-	-	$16.50
Dec 31, 2023	-	-	$16.56
Dec 31, 2022	-	-	$16.94
Dec 31, 2020	-	-	$13.93

Shares and dollars from the statement of shareholders' equity (the cash flow line also counts shares withheld for taxes, so it is not used). Share counts filed before a stock split are put on today's count. A year where the 10-K does not tag both numbers is left out.

What the 10-Ks show for each CEO's years

Each CEO's years · the CEO of each fiscal year as named in the proxy's pay versus performance table

Ms. Dang

FY2024 to FY2025 · 2 years in the table

Operating cash flow: $11.6B
Capital spending: $5.7B
Buybacks: $7.0M
Dividends: $5.2B
Diluted shares since FY2023: -0.5%
Revenue since FY2023: +10%
Debt since FY2023: -$113.0M
CEO pay (reported): $23.9M

The proxy that names the CEO

Mr. Kean, Ms. Dang

FY2023 · 1 year in the table

Operating cash flow: $6.5B
Capital spending: $2.3B
Buybacks: $522.0M
Dividends: $2.5B
Diluted shares since FY2022: -1.1%
Revenue since FY2022: -20%
Debt since FY2022: +$328.0M
CEO pay (reported): $12.4M

The proxy that names the CEO

Mr. Kean

FY2021 to FY2022 · 2 years in the table

Operating cash flow: $10.7B
Capital spending: $2.9B
Buybacks: $368.0M
Dividends: $4.9B
Diluted shares since FY2020: -0.2%
Revenue since FY2020: +64%
Debt since FY2020: -$2.9B
CEO pay (reported): $18.0M

The proxy that names the CEO

Sources

The cash flow statement, dividends per share and diluted share count in each 10-K's XBRL; Part II Item 2 of each 10-Q for monthly buybacks; offering prospectuses (S-3, 424B) for new shares; Form D data sets for private raises.

Also

CEO pay: what the CEO was paid over the same years.

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Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/KMI/export.csv") into a cell.

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