Kinder Morgan (KMI) Posts Earnings Results, Beats Expectations By $0.03 EPS

Kinder Morgan (NYSE:KMI) released its earnings results on Tuesday. The pipeline company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03, Bloomberg Earnings reports. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the previous year, the firm earned $0.08 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis.

Kinder Morgan (NYSE:KMI) opened at $19.57 on Thursday. Kinder Morgan has a 1 year low of $16.68 and a 1 year high of $23.01. The company has a market cap of $43,700.00, a P/E ratio of 34.95, a P/E/G ratio of 1.32 and a beta of 0.62. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.96.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.55%. Kinder Morgan’s payout ratio is presently 89.29%.

Several research analysts have recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of Kinder Morgan in a research report on Thursday, January 4th. They issued an “outperform” rating and a $23.00 target price on the stock. Zacks Investment Research downgraded shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. BMO Capital Markets set a $26.00 target price on shares of Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 12th. Wells Fargo & Co reissued a “market perform” rating on shares of Kinder Morgan in a research report on Thursday, January 11th. Finally, Bank of America assumed coverage on shares of Kinder Morgan in a research report on Tuesday, January 9th. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.72.

In related news, VP Thomas A. Martin acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were purchased at an average cost of $17.10 per share, with a total value of $51,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 13.99% of the company’s stock.

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About Kinder Morgan

Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.

Earnings History for Kinder Morgan (NYSE:KMI)

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