Name: Kinder Morgan Inc. (NYSE:KMI) | Analysis of Revenues
Creator: Stock Analysis on Net

Analysis of Revenues

Revenues as Reported

Revenues as Reported

Kinder Morgan Inc., income statement, revenues

US$ in millions

12 months ended:	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Natural Gas Pipelines	8,128)	9,004)	8,608)	7,998)	8,704)
Products Pipelines	1,831)	1,699)	1,645)	1,631)	1,828)
Terminals	2,031)	2,017)	1,965)	1,921)	1,878)
CO2	1,219)	1,255)	1,196)	1,221)	1,699)
Kinder Morgan Canada	—)	170)	256)	253)	260)
Corporate	—)	—)	35)	34)	34)
Revenues from external customers	13,209)	14,145)	13,705)	13,058)	14,403)

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Natural Gas Pipelines: The revenue from Natural Gas Pipelines showed fluctuations over the five-year period. It started at 8704 million USD in 2015, decreased to 7998 million USD in 2016, then increased to 8608 million USD in 2017 and reached a peak of 9004 million USD in 2018 before declining again to 8128 million USD in 2019. Overall, the trend is characterized by volatility with an inability to sustain growth beyond 2018 levels.
Products Pipelines: Revenue from Products Pipelines experienced minor fluctuations with a generally stable pattern. It decreased from 1828 million USD in 2015 to 1631 million USD in 2016, followed by slight increases to 1645 million USD in 2017, 1699 million USD in 2018, and 1831 million USD in 2019, showing a recovery by the end of the period.
Terminals: Terminals revenue displayed consistent growth over the time frame. It progressively increased from 1878 million USD in 2015 to 2031 million USD in 2019, demonstrating steady expansion in this segment.
CO2: Revenue from the CO2 segment showed a declining trend initially, dropping sharply from 1699 million USD in 2015 to 1221 million USD in 2016, and then remained relatively stable but lower, registering 1196 million USD in 2017, before a slight increase to 1255 million USD in 2018 and a small decline to 1219 million USD in 2019.
Kinder Morgan Canada: The revenue from Kinder Morgan Canada was relatively stable in the first three years, with minor fluctuations around the mid-200 millions USD, starting at 260 million USD in 2015 and slightly declining to 253 and 256 million USD in 2016 and 2017 respectively. A significant drop occurred in 2018, with revenue falling to 170 million USD. Data for 2019 is missing, preventing further analysis.
Corporate: Corporate revenue data is available only for the first three years, showing a stable pattern with values of 34, 34, and 35 million USD respectively from 2015 to 2017. Data is missing for subsequent years.
Revenues from External Customers: Total external customer revenue fluctuated similarly to the sum of the segments. It declined from 14403 million USD in 2015 to 13058 million USD in 2016, rebounded to 13705 million USD in 2017, further increased to 14145 million USD in 2018, and then decreased again to 13209 million USD in 2019. This pattern reflects general volatility and challenges in maintaining a consistent growth trajectory.

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