North American pipeline network
Kinder Morgan, Inc.
Kinder Morgan earns transportation, capacity-reservation, storage, and terminal fees across natural gas, refined products, crude oil, and carbon dioxide infrastructure. It pays construction and maintenance contractors for its pipelines and terminals and expands the network through acquisitions of gathering and processing assets.
KMI Updated Sep 11, 2026 2 AI consumers· 2 recurring
Per the valuechain.wiki graph, Kinder Morgan, Inc. is directly linked to 3 companies (0 supply, 3 revenue relationships) and reaches 7 companies within two hops; the links are backed by 8 dated sources, 3 of them primary filings (as of 2026-09-11).
Financials & Segments
- Total revenue · FY2025 revenue from contracts with customers: $15.202 billion (SEC Form 10-K, 2026-02-13)
- Segments · Natural Gas Pipelines · Products Pipelines · Terminals · CO2
Revenue from
- Shell LNG North America, LLC High confidence· Market share 100% · 20-year contract · Shell offtake share of Elba Island's 2.5 mtpa liquefaction capacity
Shell leases and takes the full capacity of the Kinder Morgan-operated Elba Island liquefaction plant. The arrangement locks in long-term demand for liquefaction and terminal services.Confirms EN Kinder Morgan, Inc. Published Aug 27, 2020: Kinder Morgan Announces Commercial In-Service of the Final Unit at the Elba Island Liquefaction FacilityMentions EN Houston Chronicle Published Feb 5, 2019: Kinder Morgan begins weeks-long startup process for Elba Island LNG - ExxonMobil High confidence· Amount 12.167 USD/Dth/month · 2026-07-01 to 2031-10-31 · Monthly reservation rate per dekatherm under ExxonMobil Oil Corporation's FT-1 agreement
ExxonMobil is a transportation-contract customer of Kinder Morgan's El Paso Natural Gas system. The filed tariff states that the reservation charge is payable regardless of volumes transported.Confirms EN El Paso Natural Gas Company, L.L.C. / FERC Published May 29, 2026: El Paso Natural Gas FERC Gas Tariff: Negotiated Rate Agreement Filing RP26-893-000 - EOG Resources, Inc. High confidence
EOG Resources is listed as a transportation-contract customer in Kinder Morgan's El Paso Natural Gas tariff. The disclosed tariff section reviewed does not provide a counterparty-specific contract value.Confirms EN El Paso Natural Gas Company, L.L.C. / FERC Published May 29, 2026: El Paso Natural Gas FERC Gas Tariff: Negotiated Rate Agreement Filing RP26-893-000 - Phillips 66 High confidence
Kinder Morgan, through its El Paso Natural Gas subsidiary, entered into a 10-year firm natural gas transportation agreement with Phillips 66 Energy Trading.Confirms EN Kinder Morgan Published Mar 26, 2024: FT-1 Transportation Service Agreement between El Paso Natural Gas and Phillips 66 Energy Trading
Pays to
- Barriere Construction Medium confidence· Contract value $7M · IMT Yard Expansion Phase 3A · Kinder Morgan project value disclosed by Barriere
Barriere performed civil and electrical-infrastructure work for Kinder Morgan's IMT yard expansion. The contractor's project page identifies Kinder Morgan as the client and discloses the total project value. - IHI E&C International Corporation Medium confidence
Kinder Morgan awarded IHI E&C the construction contract for the Elba Island LNG export terminal. The article gives the overall facility cost but does not disclose the amount paid specifically to IHI E&C.Confirms EN Houston Chronicle Published Feb 5, 2019: Kinder Morgan begins weeks-long startup process for Elba Island LNG
Investments
- Outrigger Energy II LLC High confidence· Contract value $648M · acquisition completed 2025-02-18 · Final purchase price for the Outrigger Energy II assets, including working-capital adjustments
Kinder Morgan acquired Outrigger Energy II's North Dakota gas gathering and processing assets. Earlier reports cited roughly $640 million, while the final Form 10-K records a $648 million purchase price including working-capital adjustments.Mentions EN East Daley Analytics Published Jan 23, 2025: $844MM Outrigger Deal Kills Two Birds for KMIMentions KO Investing.com Korea Published Jan 17, 2025: Kinder Morgan shares reach a 52-week high amid strong growth
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| CF Industries | lead2 | +87.2 | +22.3 | -4.7 | +10.1 | -7.2 | +74.9 |
| Linde | lead2 | +33.4 | -4.4 | +27.7 | +3.2 | +3.2 | +13.1 |
| United Airlines Holdings | lead2 | +1.2 | -13.9 | +9.4 | +135.3 | +15.2 | -0.4 |
| O’Reilly Automotive | lead2 | +56 | +19.5 | +12.6 | +24.8 | +15.4 | -3.6 |
| Phillips 66 | lead1 | +8.5 | +49.6 | +33.1 | -11.6 | +17.5 | +101.8 |
| EOG Resources, Inc. | lead1 | +88.6 | +56.9 | -2 | +4.3 | -11.4 | +41.7 |
| ExxonMobil | lead1 | +57.6 | +87.4 | -6.3 | +11.3 | +16 | +35.2 |
| Kinder Morgan, Inc. | node | +23.8 | +21.2 | +4.1 | +64.4 | +4.8 | +17.5 |
YTD as of 2026-09-04 · source: Yahoo Finance
Kinder Morgan, Inc. operates across North American pipeline network. Momentum stayed firm and it is +17.5% in 2026. The demand side (avg +59.6%) leads the stock (+17.5%), so customer moves come first here. Among connected nodes the furthest ahead is Phillips 66 (+101.8%) and the furthest behind is ExxonMobil (+35.2%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It pays construction and maintenance contractors for its pipelines and terminals and expands the network through acquisitions of gathering and processing assets.
Analysis generated from returns as of 2026-09-04