Kinder Morgan Inc. (NYSE:KMI)

Total revenues from external customers exhibited a volatile trend over the five-year period from 2015 to 2019. After an initial decline from US$ 14,403 million in 2015 to US$ 13,058 million in 2016, revenues experienced a partial recovery, reaching US$ 14,145 million in 2018, before declining again to US$ 13,209 million in 2019.

Natural Gas Pipelines

As the largest contributor to total revenue, this segment's performance closely mirrored the overall corporate trend. Revenues peaked in 2018 at US$ 9,004 million but saw a significant contraction in 2019, falling to US$ 8,128 million.

Terminals

This segment displayed the highest level of stability, characterized by consistent year-over-year growth. Revenue increased steadily from US$ 1,878 million in 2015 to US$ 2,031 million by 2019.

Products Pipelines

A U-shaped recovery pattern is observed in this segment. Following a dip to US$ 1,631 million in 2016, revenues grew steadily over the subsequent three years to reach US$ 1,831 million in 2019, effectively returning to 2015 levels.

CO2 and Minor Segments

The CO2 segment experienced a sharp decline between 2015 and 2016, dropping from US$ 1,699 million to US$ 1,221 million, and remained largely stagnant through 2019. Kinder Morgan Canada also showed a downward trend, decreasing from US$ 260 million in 2015 to US$ 170 million in 2018, prior to the absence of reported revenue in 2019.