Kinder Morgan (KMI) Q3 Earnings: What To Expect
Energy infrastructure company Kinder Morgan (NYSE:KMI) will be reporting earnings this Wednesday after market close. Here’s what you need to know.
Kinder Morgan beat analysts’ revenue expectations last quarter, reporting revenues of $4.48 billion, up 10.8% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates.
Is Kinder Morgan a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Kinder Morgan’s revenue to decline 10.1% year on year, a reversal from the 12.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Kinder Morgan has missed Wall Street’s revenue estimates multiple times over the last two years.
With Kinder Morgan being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for upstream & integrated stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Kinder Morgan is up 5.7% during the same time .
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Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
