Kinder Morgan (KMI) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The decrease from the preceding quarter continued a downward trend observed in recent periods.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The decrease from the preceding quarter continued a downward trend observed in recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.1B
Revenue reported for this quarter.
Quarter-over-quarter
-10.0%
Change from the immediately preceding quarter.
Year-over-year
-37.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.6B
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 |
|---|---|---|
| Sep 30, 2022 | $4.9B | +35.3% |
| Dec 31, 2022 | $4.2B | +0.5% |
| Mar 31, 2023 | $3.4B | -15.7% |
| Jun 30, 2023 | $3.1B | -37.9% |
Revenue performance
The reported revenue was lower than the immediately preceding quarter, marking a further contraction from the prior period's level.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was substantially lower. The sequential decline from the prior quarter was less severe than the year-over-year drop.
What to watch
The revenue trajectory has been negative for two consecutive quarters, warranting attention to any emerging trends.