Kinder Morgan (KMI) Revenue — Quarter Ended Mar 31, 2023
Revenue declined in the current quarter compared to both the prior quarter and the same quarter a year ago. The decrease reflects a continuation of the downward trend observed over recent quarters.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined in the current quarter compared to both the prior quarter and the same quarter a year ago. The decrease reflects a continuation of the downward trend observed over recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.4B
Revenue reported for this quarter.
Quarter-over-quarter
-17.1%
Change from the immediately preceding quarter.
Year-over-year
-15.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $5B | +71.8% |
| Sep 30, 2022 | $4.9B | +35.3% |
| Dec 31, 2022 | $4.2B | +0.5% |
| Mar 31, 2023 | $3.4B | -15.7% |
Revenue performance
The reported revenue for the quarter ended March 31, 2023 was lower than the preceding quarter. This marks a reversal from the growth seen in the earlier quarters of the prior fiscal year.
Quarterly comparison
Compared to the same quarter one year earlier, revenue also decreased. The sequential and year-over-year declines were both material, with the year-over-year drop being slightly less pronounced than the sequential one.
What to watch
Monitor whether the revenue decline continues in subsequent quarters or stabilizes, given the persistent downward trajectory.