|Bid||12.41 x 4000|
|Ask||12.58 x 2200|
|Day's Range||12.48 - 12.67|
|52 Week Range||9.42 - 22.58|
|Beta (5Y Monthly)||0.93|
|PE Ratio (TTM)||176.48|
|Earnings Date||Oct 21, 2020|
|Forward Dividend & Yield||1.05 (8.28%)|
|Ex-Dividend Date||Jul 31, 2020|
|1y Target Est||17.30|
Kinder Morgan (KMI) delivered earnings and revenue surprises of 0.00% and 0.93%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
A pandemic-driven drop in energy demand has freed up some capacity at pipeline companies, forcing them to offer discounts to customers for moving crude, gas and refined products. Kinder Morgan said earnings from its product pipelines, which move gasoline, jet fuel and diesel, fell 20% in the reported quarter. The company also forecast fourth-quarter volume for refined products to be off by about 10% from a year earlier.
Kinder Morgan, Inc.’s (NYSE: KMI) board of directors today approved a cash dividend of $0.2625 per share for the third quarter ($1.05 annualized), payable on November 16, 2020, to common stockholders of record as of the close of business on November 2, 2020. This dividend represents a 5% increase over the third quarter of 2019.