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Kinder Morgan (KMI) Reports Q3 Earnings: What Key Metrics Have to Say
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Kinder Morgan (KMI - Free Report) reported $3.91 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 24.5%. EPS of $0.25 for the same period compares to $0.25 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.25 billion, representing a surprise of -8.13%. The company delivered an EPS surprise of -3.85%, with the consensus EPS estimate being $0.26.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Kinder Morgan performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Terminals - Liquids Leasable Capacity: 78.7 MBBL compared to the 78.8 MBBL average estimate based on two analysts.
Segment EBDA- Terminals: $259 million versus the five-analyst average estimate of $255.95 million.
Segment EBDA- CO2: $163 million compared to the $203.14 million average estimate based on five analysts.
Segment EBDA- Natural gas Pipelines: $1.18 billion versus the four-analyst average estimate of $1.24 billion.
Segment EBDA- Products Pipelines: $311 million versus $260.36 million estimated by four analysts on average.
Shares of Kinder Morgan have returned +2.4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Kinder Morgan (KMI) Reports Q3 Earnings: What Key Metrics Have to Say
Kinder Morgan (KMI - Free Report) reported $3.91 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 24.5%. EPS of $0.25 for the same period compares to $0.25 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.25 billion, representing a surprise of -8.13%. The company delivered an EPS surprise of -3.85%, with the consensus EPS estimate being $0.26.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Kinder Morgan performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Terminals - Liquids Leasable Capacity: 78.7 MBBL compared to the 78.8 MBBL average estimate based on two analysts.
- Segment EBDA- Terminals: $259 million versus the five-analyst average estimate of $255.95 million.
- Segment EBDA- CO2: $163 million compared to the $203.14 million average estimate based on five analysts.
- Segment EBDA- Natural gas Pipelines: $1.18 billion versus the four-analyst average estimate of $1.24 billion.
- Segment EBDA- Products Pipelines: $311 million versus $260.36 million estimated by four analysts on average.
View all Key Company Metrics for Kinder Morgan here>>>Shares of Kinder Morgan have returned +2.4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.