Kinder Morgan (KMI - Free Report) just released its second-quarter earnings results, posting earnings of $0.15 per share and revenue of $3.144 billion.
Currently, KMI has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Kinder Morgan:
1. Matched earnings estimates. The company posted earnings of 15 cents per share, matching our Zacks Consensus Estimate of $0.15.
2. Missed revenue estimates. The company saw revenue figures of $3.144 billion, falling short of our estimate of $3.433 billion.
3. Kinder Morgan also announced a cash dividend of $0.125 per share for the quarter ($0.50 annualized) payable on August 15, to common shareholders of record as of the close of business on August 1st.
4. The company also announced efforts to reduce its debt by $3 billion.
5. KMI was down $0.45, or 2.04%, to $21.64 as of 5:03 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Kinder Morgan’s latest earnings performance:
Kinder Morgan, Inc. is engaged in energy transportation and storage in North America. The Company handles energy products like natural gas, refined petroleum products, crude oil, ethanol, coal and carbon dioxide.
Make sure to check back later for our full coverage of Kinder Morgan’s second-quarter earnings!
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Kinder Morgan (KMI - Free Report) just released its second-quarter earnings results, posting earnings of $0.15 per share and revenue of $3.144 billion.
Currently, KMI has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Kinder Morgan:
1. Matched earnings estimates. The company posted earnings of 15 cents per share, matching our Zacks Consensus Estimate of $0.15.
2. Missed revenue estimates. The company saw revenue figures of $3.144 billion, falling short of our estimate of $3.433 billion.
3. Kinder Morgan also announced a cash dividend of $0.125 per share for the quarter ($0.50 annualized) payable on August 15, to common shareholders of record as of the close of business on August 1st.
4. The company also announced efforts to reduce its debt by $3 billion.
5. KMI was down $0.45, or 2.04%, to $21.64 as of 5:03 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Kinder Morgan’s latest earnings performance:
Kinder Morgan, Inc. is engaged in energy transportation and storage in North America. The Company handles energy products like natural gas, refined petroleum products, crude oil, ethanol, coal and carbon dioxide.
Make sure to check back later for our full coverage of Kinder Morgan’s second-quarter earnings!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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