Kinder Morgan (KMI) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend observed over recent periods.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend observed over recent periods.
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
-4.3%
Change from the immediately preceding quarter.
Year-over-year
-1.0%
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 |
|---|---|---|
| Jun 30, 2023 | $3.1B | -37.9% |
| Sep 30, 2023 | $3.5B | -27.7% |
| Dec 31, 2023 | $3.6B | -14.2% |
| Mar 31, 2024 | $3.4B | -1.0% |
Revenue performance
Reported revenue moved lower from the immediately preceding quarter. The year-over-year comparison also showed a decline.
Quarterly comparison
Compared with the prior quarter, revenue decreased. Versus the same quarter one year earlier, revenue was also lower.
What to watch
The sequential and year-over-year revenue declines warrant monitoring for any further deterioration.