• Kinder Morgan average gross margin for 2023 was 61.79%, a 14.15% increase from 2022.
• Kinder Morgan average gross margin for 2022 was 54.13%, a 19.11% increase from 2021.
• Kinder Morgan average gross margin for 2021 was 66.92%, a 14.29% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.