Energy
Oil & Gas Midstream
$57.38B
10.9K
Key insights and themes extracted from this filing
Total revenues decreased by $46 million year-over-year, primarily due to a $173 million decrease in natural gas sales and a $15 million decrease in product sales. These decreases were partially offset by a $153 million increase in services revenue.
Net income attributable to Kinder Morgan, Inc. increased by $67 million year-over-year, from $679 million to $746 million. This increase is primarily due to a decrease in costs of sales and a decrease in other expenses.
Operating income increased by $29 million year-over-year, from $1,194 million to $1,223 million. This is primarily due to a decrease in costs of sales, which offset the decrease in revenues.