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%.
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.
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.
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