For the quarter ending 2026-03-31, KMI had $71M increase in cash & cash equivalents over the period. $687M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 1,001 | 1,021 | 654 | 742 |
| Depreciation, depletion, and amortization | 633 | 618 | 609 | 616 |
| Deferred income taxes | 281 | 268 | 185 | 160 |
| Change in fair value of derivative contracts | -86 | 37 | -25 | 93 |
| Gain on divestitures, net | - | 3 | 1 | 1 |
| Gain on sale of interest in equity investment (note 3) | - | 123 | - | - |
| Earnings from equity investments | 254 | 249 | 221 | 206 |
| Distributions of equity investment earnings | 150 | 220 | 188 | 212 |
| Pension contributions net of noncash pension benefit expenses | - | 10 | - | - |
| Accounts receivable | -131 | 267 | -8 | -22 |
| Inventories | 19 | 16 | 3 | -20 |
| Other current assets | 56 | 22 | 1 | 10 |
| Accounts payable | -172 | 126 | 23 | 4 |
| Accrued interest, net of interest rate swaps | -192 | 168 | -163 | 188 |
| Accrued taxes | -58 | -34 | 79 | 10 |
| Other current liabilities | - | 41 | - | - |
| Change in deferred revenues | - | 5 | - | - |
| Other current liabilities | 29 | - | 4 | -6 |
| Other, net | -67 | -40 | 28 | -9 |
| Net cash provided by operating activities | 1,491 | 1,692 | 1,414 | 1,649 |
| Acquisitions of assets and investments, net of cash acquired (note 3) | - | 648 | - | - |
| Acquisition of assets (note 2) | -58 | - | 13 | 45 |
| Capital expenditures | 804 | 820 | 793 | 647 |
| Proceeds from sale of investment (note 3) | - | 382 | - | - |
| Contributions to investments | 53 | 75 | 34 | 27 |
| Distributions from equity investments in excess of cumulativeearnings | 46 | 61 | 177 | 47 |
| Other, net | -8 | 25 | 13 | -2 |
| Net cash used in investing activities | -803 | -477 | -663 | -625 |
| Issuances of debt | 1,937 | 1,583 | 1,911 | 3,647 |
| Payments of debt | 1,867 | 2,144 | 2,000 | 4,063 |
| Debt issue costs | 3 | 2 | 2 | 13 |
| Dividends | 654 | 654 | 654 | 654 |
| Repurchases of shares (note 10) | - | 0 | 0 | 0 |
| Contributions from noncontrolling interests | - | 0 | - | - |
| Distributions to noncontrolling interests | 37 | 31 | 44 | 37 |
| Other, net | 7 | 9 | -26 | -2 |
| Net cash (used in) provided by financing activities | -617 | -1,239 | -815 | -1,122 |
| Effectofexchangeratechangesoncash, cashequivalents, and restricted deposits | - | 0 | - | - |
| Net increase in cash, cash equivalents, and restricted deposits | 71 | -24 | -64 | -98 |
| Cash, cash equivalents and restricted deposits, beginning of period | 109 | 133 | 197 | 295 |
| Cash, cash equivalents and restricted deposits, end of period | 180 | 109 | 133 | 197 |
KINDER MORGAN, INC. (KMI)
KINDER MORGAN, INC. (KMI)