"Our focus on enhancing infrastructure has allowed us to adapt swiftly to market changes and sustain competitive advantages."
— CEO, Kinder Morgan
03Detailed Report
2KD.DE
Kinder Morgan Inc
Period
Q3 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 28, 2026
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Executive Summary
In Q3 2024, Kinder Morgan Inc (2KD.DE) demonstrated resilience in the face of market fluctuations, reporting a revenue of $3.699 billion, an increase of 3.56% from the previous quarter, despite a year-over-year decline of 5.32%. The net income reached $625 million, reflecting a significant increase of 17.48% compared to the same quarter last year. Management highlighted operational efficiency and strategic investments in infrastructure as key drivers of performance. The balance sheet remains strong, with total assets of approximately $70.88 billion against total liabilities of $39.13 billion, suggesting a healthy leverage position, yet also indicative of substantial long-term debt obligations. The outlook remains cautiously optimistic as the company navigates through a competitive landscape influenced by varying commodity prices.
Key Performance Indicators
Revenue
Decreasing
3.70B
QoQ: 3.56% | YoY: -5.32%
Gross Profit
Increasing
2.09B
56.45% margin
QoQ: 3.32% | YoY: 7.57%
Operating Income
Increasing
1.02B
QoQ: -2.22% | YoY: 8.21%
Net Income
Increasing
625.00M
QoQ: 8.70% | YoY: 17.48%
EPS
Increasing
0.28
QoQ: 7.69% | YoY: 16.67%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue Performance: Kinder Morgan reported $3.699 billion in Q3 2024, a 3.56% increase QoQ but a 5.32% decrease YoY, indicating challenges in demand while effectively managing costs.
Profitability Metrics: The gross profit for the quarter was $2.088 billion, providing a gross profit margin of 56.4%. Operating income was $1.015 billion, with an operating margin of 27.4%. The net income margin was solid at 16.9% with a diluted EPS of $0.280, marking a 16.67% increase YoY.
Balance Sheet Health: Total assets stood at approximately $70.88 billion with a current ratio of 0.460, indicating potential liquidity concerns against current liabilities of $4.73 billion. Long-term debt, amounting to $29.937 billion, poses a significant debt-to-equity ratio of 1.05.
Cash Flow: Operating cash flow totaled $1.249 billion, with free cash flow at $592 million, suggestive of strong operational cash generation capacity despite significant capital expenditure of $657 million.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
3.70B
-5.32%
3.56%
Gross Profit
2.09B
7.57%
3.32%
Operating Income
1.02B
8.21%
-2.22%
Net Income
625.00M
17.48%
8.70%
EPS
0.28
16.67%
7.69%
Key Financial Ratios
Gross Profit Margin
Good
56.40%
Gross profit margin is healthy and competitive within industry standards
Operating Profit Margin
Excellent
27.40%
Operating margin is exceptional, indicating strong pricing power and operational efficiency
Net Profit Margin
Good
16.90%
Net profit margin is healthy and competitive within industry standards
Return on Assets
Weak
0.88%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
2.06%
Return on equity suggests inefficient capital allocation
Current Ratio
Concern
0.46
Current ratio below safe levels, potential liquidity risk
Debt to Equity
High Risk
1.05
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Fair Value
19.60x
P/E ratio in line with market averages
Price to Book
Fair Value
1.61x
Price-to-book ratio reasonable for profitable companies
Management Insights Available for Members
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