Kinder Morgan (Kinder Morgan) Interest Expense

: $-1,797 Mil (TTM As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kinder Morgan's interest expense for the three months ended in Dec. 2023 was $ -452 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1,797 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Kinder Morgan's Operating Income for the three months ended in Dec. 2023 was $ 1,104 Mil. Kinder Morgan's Interest Expense for the three months ended in Dec. 2023 was $ -452 Mil. Kinder Morgan's Interest Coverage for the quarter that ended in Dec. 2023 was 2.44. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Kinder Morgan Interest Expense Historical Data

The historical data trend for Kinder Morgan's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kinder Morgan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1,801.00

-1,595.00

-1,492.00

-1,513.00

-1,797.00

Kinder Morgan Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-426.00	-445.00	-443.00	-457.00	-452.00

Kinder Morgan Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,797 Mil.

Kinder Morgan (NYSE:KMI) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Kinder Morgan's Interest Expense for the three months ended in Dec. 2023 was $-452 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,104 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $28,067 Mil.

Kinder Morgan's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1104	/	-452
	=	2.44

The higher the ratio, the stronger the company's financial strength is.

Kinder Morgan (Kinder Morgan) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kinder Morgan Inc (NYSE:KMI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

2KD:Germany 2KD:Germany KMIC34:Brazil KMI:Austria

Address

1001 Louisiana Street, Suite 1000, Houston, TX, USA, 77002

Website

https://www.kindermorgan.com

Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 83,000 miles in pipelines and 140 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.

Executives

John W Schlosser	officer: V.P. (President, Terminals)	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Dax Sanders	officer: V.P., Corporate Development	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Denise R Mathews	officer: VP, Human Resources/Admin/IT	1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Sital K Mody	officer: V.P. (Pres.,Nat Gas Pipelines)	1001 LOUISIANA STREET SUITE 1000, HOUSTON TX 77002
Anthony B Ashley	officer: VP (President, CO2 and ETV)	1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Jesse Arenivas	officer: VP(President, CO2)	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Deborah Macdonald	director	KINDER MORGAN, INC., 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Gary Hultquist	director	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Robert F Vagt	director	5300 MEMORIAL DR, STE 800, HOUSTON TX 77007
Thomas A Martin	officer: VP (Pres., Natural Gas Pipeln)	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
William A Smith	director	KINDER MORGAN, 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Richard D Kinder	director, officer: Chairman & CEO	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Perry M Waughtal	director	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Kevin P Grahmann	officer: V.P., Corporate Development	1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Steven J Kean	director, officer: Exec VP & COO	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002