Kinder Morgan (KMI) Revenue — Quarter Ended Dec 31, 2023
Revenue for the most recent quarter increased slightly compared to the immediately preceding quarter. However, it declined significantly compared to the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the most recent quarter increased slightly compared to the immediately preceding quarter. However, it declined significantly compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.6B
Revenue reported for this quarter.
Quarter-over-quarter
+0.8%
Change from the immediately preceding quarter.
Year-over-year
-14.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.6B
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 |
|---|---|---|
| Mar 31, 2023 | $3.4B | -15.7% |
| Jun 30, 2023 | $3.1B | -37.9% |
| Sep 30, 2023 | $3.5B | -27.7% |
| Dec 31, 2023 | $3.6B | -14.2% |
Revenue performance
The quarter's revenue showed a modest sequential improvement, continuing a pattern of quarterly fluctuations over the past year.
Quarterly comparison
Compared to the prior quarter, revenue edged higher. Relative to the same period a year ago, revenue was substantially lower.
What to watch
The year-over-year revenue decline remains a key point to observe in future filings.