Kinder Morgan Inc (KMI) Releases Earnings Results, Misses Expectations By $-0.25 EPS

Kinder Morgan Inc (KMI) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. KMI reported $-0.10 earnings per share for the quarter, missing the analyst consensus estimate by $-0.25. Analysts had a consensus of $0.15. The company posted revenue of $3330.00 million in the period, compared to analysts expectations of $3425.71 million. KMI’s revenue was down -10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Kinder Morgan Inc. Stifel Downgraded Kinder Morgan Inc on Oct 4, 2016 to ” Hold”, Price Target of the shares are set at $24.Kinder Morgan Inc was Upgraded by Morgan Stanley to ” Overweight” on Aug 18, 2016.

Kinder Morgan Inc closed down -0.19 points or -0.92% at $20.36 with 1,56,61,846 shares getting traded on Friday. Post opening the session at $20.82, the shares hit an intraday low of $20.36 and an intraday high of $21.06 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Feb 2, 2016, Dax Sanders (V.P. Corporate Development) purchased 3,000 shares at $15.32 per share price. According to the SEC, on Jan 27, 2016, Michael C Morgan (director) purchased 180,000 shares at $14.20 per share price. On Nov 23, 2015, Ronald G. Mcclain (V.P. (Pres.Products Pipelines) purchased 2,500 shares at $22.82 per share price, according to the Form-4 filing with the securities and exchange commission.

Kinder Morgan Inc. (KMI) is an energy infrastructure and energy company in North America. The Company operates through six segments: Natural Gas Pipelines CO2 Terminals Products Pipelines Kinder Morgan Canada and Other. The Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals. The CO2 business segment produces transports and markets CO2. The Terminals segment includes the operations of its petroleum chemical ethanol and other liquids terminal facilities and all of its coal petroleum coke fertilizer steel ores and other dry-bulk material services facilities. The Products Pipelines segment consists of refined petroleum products crude oil and condensate and NGL pipelines and associated terminals Southeast terminals and its transmix processing facilities. The Kinder Morgan Canada segment includes its 100% owned and operated Trans Mountain pipeline system and a 25-mile Jet Fuel pipeline system.

Kinder Morgan Inc

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