-+ 0.00%
-+ 0.00%
-+ 0.00%
Kinder Morgan: Q2 Earnings Snapshot
Share
Listen to the news

HOUSTON (AP) — HOUSTON (AP) — Kinder Morgan Inc. (KMI) on Wednesday reported second-quarter earnings of $867 million.

The Houston-based company said it had net income of 39 cents per share. Earnings, adjusted for non-recurring gains, came to 37 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The oil and natural gas pipeline and storage company posted revenue of $4.48 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $4.29 billion.

Kinder Morgan expects full-year earnings to be $1.36 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KMI at https://www.zacks.com/ap/KMI

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending