Kinder Morgan (KMI) Q4 Earnings Meet Estimates On GCX Strength
Zacks Investment Research | Jan 22, 2020 08:54PM ET
Kinder Morgan, Inc. (NYSE:KMI) posted fourth-quarter 2019 adjusted earnings per share of 26 cents, in line with the Zacks Consensus Estimate. The bottom line improved from the year-ago quarter’s 25 cents.
However, total revenues declined to $3,352 million from $3,781 million in the prior-year quarter and missed the Zacks Consensus Estimate of $3,724 million.
The quarterly earnings were backed by increased natural gas transportation and gathering volumes. While Natural Gas Pipelines and Product Pipelines segments supported the results, decline in commodity prices and crude volumes affected the CO2 segment, which partially offset the same.
Full-year 2019 revenues amounted to $13.2 billion, down from the 2018 figure of $14.1 billion. The company declared a cash dividend of 25 cents per share for the fourth-quarter, which is payable on Feb 18, 2020.
Kinder Morgan, Inc. Price, Consensus and EPS Surprise
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.