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Kinder Morgan: Q3 Earnings Insights

Benzinga Insights
·1 min read

Shares of Kinder Morgan (NYSE:KMI) decreased 0.4% after the company reported Q3 results.

Quarterly Results

Earnings per share were down 4.55% over the past year to $0.21, which were in line with the estimate of $0.21.

Revenue of $2,919,000,000 declined by 9.18% year over year, which missed the estimate of $2,940,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Kinder Morgan hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 21, 2020

View more earnings on KMI

Time: 04:30 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.kindermorgan.com%2F&eventid=2628474&sessionid=1&key=C013D1FCE27BF34219F956B2F34E8663&regTag=&sourcepage=register

Price Action

Company's 52-week high was at $22.58

52-week low: $9.42

Price action over last quarter: down 13.11%

Company Overview

Kinder Morgan is one of the largest midstream energy firm in North America with 70,000 miles of U.S. natural gas pipelines and nearly 10,000 miles of oil and refined products pipelines. The company is active in the transportation, storage and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil-fuel products.

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