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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Revenues $ 3,572 $ 3,501 $ 7,414 $ 7,389
Operating Costs, Expenses and Other        
Costs of sales (exclusive of items shown separately below) 967 971 2,074 2,186
Operations and maintenance 741 685 1,421 1,324
Depreciation, depletion and amortization 584 557 1,171 1,122
General and administrative 179 169 354 335
Taxes, other than income taxes 109 103 220 213
Gain on divestitures, net (45) (13) (77) (13)
Other income, net (1) (1) (10) (2)
Total Operating Costs, Expenses and Other 2,534 2,471 5,153 5,165
Operating Income 1,038 1,030 2,261 2,224
Other Income (Expense)        
Earnings from equity investments 208 208 451 373
Amortization of excess cost of equity investments (13) (19) (25) (36)
Interest, net (464) (443) (936) (888)
Other, net 1 2 1 4
Total Other Expense (268) (252) (509) (547)
Income Before Income Taxes 770 778 1,752 1,677
Income Tax Expense (168) (168) (377) (364)
Net Income 602 610 1,375 1,313
Net Income Attributable to Noncontrolling Interests (27) (24) (54) (48)
Net Income Attributable to Kinder Morgan, Inc. $ 575 $ 586 $ 1,321 $ 1,265
Class P Common Stock        
Basic Earnings Per Share $ 0.26 $ 0.26 $ 0.59 $ 0.56
Diluted Earnings Per Share $ 0.26 $ 0.26 $ 0.59 $ 0.56
Basic Weighted Average Shares Outstanding 2,219 2,237 2,219 2,242
Diluted Weighted Average Shares Outstanding 2,219 2,237 2,219 2,242
Services        
Revenues        
Revenues $ 2,178 $ 2,045 $ 4,410 $ 4,114
Commodity sales        
Revenues        
Revenues 1,346 1,421 2,866 3,206
Other        
Revenues        
Revenues $ 48 $ 35 $ 138 $ 69