19.07.2023 22:11:07 - dpa-AFX: Kinder Morgan, Inc. Q2 Profit Drops, Inline With Estimates
WASHINGTON (dpa-AFX) - Kinder Morgan, Inc. (KMI) revealed earnings for
second quarter that decreased from last year in line with the Street estimates.
The company's bottom line came in at $586 million, or $0.26 per share. This
compares with $635 million, or $0.28 per share, in last year's second quarter.
Excluding items, Kinder Morgan, Inc. reported adjusted earnings of $540 million
or $0.24 per share for the period.
Analysts on average had expected the company to earn $0.24 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 32.0% to $3.50 billion from $5.15
billion last year.
Kinder Morgan, Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $586 Mln. vs. $635 Mln. last year.
-EPS (Q2): $0.26 vs. $0.28 last year.
-Analyst Estimates: $0.24
-Revenue (Q2): $3.50 Bln vs. $5.15 Bln last year.
-Guidance:
Full year EPS guidance: $1.12
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