Kinder Morgan, Inc. (NYSE:KMI) provider of energy infrastructure, is reporting second quarter earnings results on Wednesday 22nd July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.17 per share.
For the full year, analysts predict revenues of $ 12270.00 million, while looking forward to income of $ 0.79 per share.
Previous Quarter Performance
Kinder Morgan, Inc. posted income for the first quarter of $ 0.24 per share, from the revenue of $ 3,106.00 million. The quarterly earnings contracted 4.00 percent while revenues contracted 15.15 percent compared with the same quarter last year.
Street analysts expected Kinder Morgan, Inc. to report income of $ 0.27 per share on revenue of $ 3407.58 million for the first quarter. The bottom line results missed street analysts by $ 0.03 or 11.11 percent, at the same time, top line results fell short of analysts by $ 301.58 million or 8.85 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of KMI was $ 15.09, representing a 60.19 % increase from the 52 week low of $ 9.42 and a 33.17 % decrease over the 52 week high of $ 22.58.
The company has a market capital of $ 34.13 billion and is part of the Energy sector and Oil & Gas Midstream industry.
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Recent Analyst recommendations
On 7th July 2020, downgraded by Goldman Sachs Group to Sell from Neutral rating, with $ 15.00 target price.
On 1st June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 17.00 target price.
Recent Stock Dividend Announcement
On April 22, 2020, the board of directors authorized quarterly dividend of $ 0.2625 per share to holders of record as of the close of business on May 4, 2020, with payment date of May 15, 2020 and ex-dividend date on May 1, 2020.
Conference Call
Kinder Morgan, Inc. will be hosting a conference call at 4:30 PM eastern time on 22nd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.kindermorgan.com
Kinder Morgan, Inc. operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments.
