Kinder Morgan 4th-Quarter Earnings Miss Views
· 2h · on MSN
Kinder Morgan misses quarterly profit estimates, remains bullish on natgas demand
Kinder Morgan Fourth-Quarter Earnings Miss Views as Revenue Posts Surprise Fall
Kinder Morgan's (KMI) fourth-quarter earnings fell short of Wall Street's estimates as the energy infrastructure company's revenue unexpectedly slipped year-over-year. Adjusted earnings per share increased 14% year-over-year to $0.
Kinder Morgan Reports Fourth Quarter 2024 Financial Results
Kinder Morgan, Inc.'s (NYSE: KMI) board of directors today approved a cash dividend of $0.2875 per share for the fourth quarter ($1.15 annualized), payable on February 18, 2025, to stockholders of record as of the close of business on February 3, 2025. This dividend is a 2% increase over the fourth quarter of 2023.
Kinder Morgan kept its outlook for 2025 unchanged and guided for full-year adjusted earnings per share of $1.27 and adjusted earnings before interest, taxes, depreciation and amortization of $8.3 billion. Wall Street expects adjusted earnings of $1.33 per share.
HOUSTON (AP) — HOUSTON (AP) — Kinder Morgan Inc. (KMI) on Wednesday reported fourth-quarter net income of $667 million. On a per-share basis, the Houston-based company said it had net income of 30 cents. Earnings, adjusted for non-recurring costs, came to 32 cents per share.
Pre-earnings options volume in Kinder Morgan (KMI) is 1.1x normal with calls leading puts 19:6. Implied volatility suggests the market is
For 2025, KMI budgeted net income attributable to KMI of $2.8 billion, up 8% versus 2024 and Adjusted EPS of $1.27, up 10%
Overall, Kinder Morgan is an excellent stock for the near to medium term but not necessarily one to firmly commit to buying for life. Investors' long-term assumptions about its earnings and cash flow will change as sentiment changes about the gas industry.
The energy midstream giant reported mixed fourth-quarter results, with strong year-over-year growth overshadowed by misses on the top and bottom lines.
Aaron Wealth Advisors LLC purchased a new position in Kinder Morgan, Inc. (NYSE:KMI – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,
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