18.10.2023 22:28:29 - dpa-AFX: Kinder Morgan, Inc. Q3 Profit Decreases, misses estimates

WASHINGTON (dpa-AFX) - Kinder Morgan, Inc. (KMI) reported earnings for third
quarter that decreased from the same period last year and missed the Street
estimates.

The company's earnings came in at $532 million, or $0.24 per share. This
compares with $576 million, or $0.25 per share, in last year's third quarter.

Excluding items, Kinder Morgan, Inc. reported adjusted earnings of $562 million
or $0.25 per share for the period.

Analysts on average had expected the company to earn $0.26 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 24.5% to $3.91 billion from $5.18
billion last year.

Kinder Morgan, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $532 Mln. vs. $576 Mln. last year.
-EPS (Q3): $0.24 vs. $0.25 last year.
-Analyst Estimates: $0.26
-Revenue (Q3): $3.91 Bln vs. $5.18 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
KINDER MORGAN P DL-,01 A1H6GK Frankfurt 17,822 03.06.24 18:00:17 -0,036 -0,20% 0,000 0,000 17,950 17,822

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