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Operating Expense Breakdown
Details core costs like R&D, marketing, and admin, offering insight into how efficiently the company runs and where it’s prioritizing investment.Rising Operations & Maintenance and Depreciation costs reflect Kinder Morgan putting expansion projects into service and higher throughput (e.g., Haynesville growth), while G&A and non‑income taxes tick up with scale; divestitures/impairments have largely normalized, removing prior volatility. Management’s upgrade and placed projects (> $650M) explain much of the expense step‑up, but investors should remember higher fixed depreciation and O&M will amplify any revenue or volume softening and that partner/timing and supply‑chain risks could pressure margins if project ramp benefits delay.
Date | General and Administrative | Other | Operations and Maintenance | Depreciation, Depletion, and Amortization | Non-Income Taxes | Divestitures and Impairments |
|---|---|---|---|---|---|---|
Jun 30, 2026 | $192.00M | -$12.00M | $806.00M | $620.00M | $120.00M | $0.00 |
Mar 31, 2026 | $184.00M | -$7.00M | $711.00M | $633.00M | $114.00M | $0.00 |
Dec 31, 2025 | $186.00M | -$5.00M | $787.00M | $618.00M | $111.00M | $0.00 |
Sep 30, 2025 | $183.00M | -$1.00M | $786.00M | $609.00M | $111.00M | $0.00 |
Jun 30, 2025 | $188.00M | -$9.00M | $773.00M | $616.00M | $111.00M | $0.00 |
Mar 31, 2025 | $187.00M | $0.00 | $711.00M | $610.00M | $112.00M | $0.00 |
Dec 31, 2024 | $182.00M | -$5.00M | $761.00M | $596.00M | $106.00M | $1.00M |
Sep 30, 2024 | $176.00M | -$1.00M | $790.00M | $587.00M | $107.00M | $1.00M |
Jun 30, 2024 | $179.00M | -$1.00M | $741.00M | $584.00M | $109.00M | -$45.00M |
Mar 31, 2024 | $175.00M | -$9.00M | $680.00M | $587.00M | $111.00M | -$32.00M |