Kinder Morgan, Inc. KMI

What this company does

Its pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and renewable fuels, and its terminals store and handle commodities including gasoline, diesel fuel, jet fuel and chemicals. As of December 31, 2025, it owned an interest in or operated approximately 78,000 miles of pipelines, 136 terminals, approximately 706 Bcf of working natural gas storage capacity, and RNG generation capacity of approximately 6.9 Bcf per year of gross production. Its Natural Gas Pipelines segment includes interstate and intrastate pipelines, underground storage facilities, LNG liquefaction and terminal facilities, and NGL fractionation facilities. Its Products Pipelines segment consists of refined petroleum products, crude oil and condensate pipelines and associated terminals, a condensate processing facility, and transmix processing facilities. Its Terminals segment includes refined petroleum product, chemical, renewable fuel and other liquid terminal facilities, along with bulk terminal facilities that handle products such as petroleum coke, metal and ores. Its CO2 segment produces, transports and markets CO2 for use in enhanced oil recovery projects as a flooding medium for recovering crude oil from mature oil fields. No single external customer accounted for 10% or more of its total consolidated revenues in 2025, 2024 or 2023. It employed 11,028 full-time personnel at December 31, 2025, including approximately 867 full-time hourly personnel at certain terminals and pipelines covered by collective bargaining agreements expiring between 2026 and 2029.

Written from the business description in KINDER MORGAN, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 13 February 2026. Every sentence was checked against that document before publication.