Kinder Morgan beats second-quarter earnings and revenue estimates

Earnings
โดย Zacks Investment Research·Read original
Summary · why it matters

Kinder Morgan reported second-quarter adjusted earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.31 per share and up from $0.28 a year ago. Revenue came in at $4.48 billion, surpassing the consensus estimate by 4.33% and exceeding the prior-year quarter's $4.04 billion. The company has now topped consensus earnings per share estimates three times in the last four quarters and revenue estimates in all four quarters. Shares have gained about 17.8% year to date, outpacing the S&P 500's 9.7% advance. The current Zacks Rank for Kinder Morgan is #3 (Hold), with consensus estimates for the coming quarter at $0.33 per share on $4.42 billion in revenue and for the fiscal year at $1.49 per share on $18.17 billion in revenue.

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