Kinder Morgan (NYSE:KMI) Announces Earnings Results, Beats Estimates By $0.04 EPS

Kinder Morgan (NYSE:KMI) posted its quarterly earnings results on Tuesday. The pipeline company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04, MarketWatch Earnings reports. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.90 billion. Kinder Morgan had a return on equity of 8.85% and a net margin of 13.28%. Kinder Morgan’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 earnings per share.

KMI stock traded down $0.31 during trading on Thursday, hitting $17.54. The company had a trading volume of 488,161 shares, compared to its average volume of 10,548,166. The firm has a market cap of $39.72 billion, a PE ratio of 21.51, a PEG ratio of 4.76 and a beta of 1.14. Kinder Morgan has a one year low of $11.45 and a one year high of $19.29. The stock has a 50-day moving average price of $18.39. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.72 and a current ratio of 0.81.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 16th. Investors of record on Monday, August 2nd will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 6.16%. Kinder Morgan’s payout ratio is presently 122.73%.

KMI has been the subject of a number of analyst reports. Piper Sandler boosted their price target on Kinder Morgan from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, June 17th. TheStreet raised Kinder Morgan from a “c+” rating to a “b” rating in a research note on Wednesday, April 21st. Mizuho boosted their target price on Kinder Morgan from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group downgraded Kinder Morgan from a “neutral” rating to a “sell” rating in a research note on Sunday, June 13th. Finally, Morgan Stanley downgraded Kinder Morgan from an “equal weight” rating to an “underweight” rating and set a $18.00 target price for the company. in a research note on Wednesday, May 26th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $16.93.

In other Kinder Morgan news, VP John W. Schlosser sold 4,500 shares of the stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $18.00, for a total transaction of $81,000.00. Following the transaction, the vice president now directly owns 45,219 shares in the company, valued at approximately $813,942. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John W. Schlosser sold 1,500 shares of the stock in a transaction that occurred on Friday, June 25th. The stock was sold at an average price of $18.23, for a total value of $27,345.00. Following the transaction, the vice president now owns 42,219 shares in the company, valued at $769,652.37. The disclosure for this sale can be found here. Insiders have sold a total of 7,500 shares of company stock worth $136,410 over the last 90 days. Company insiders own 14.22% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.

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Earnings History for Kinder Morgan (NYSE:KMI)

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