Abhoy Sarkar's Avatar
published in Blogs
Oct 22, 2022
Kinder Morgan (KMI, $17.50) misses Q3 earnings expectations

Kinder Morgan (KMI, $17.50) misses Q3 earnings expectations

Kinder Morgan Inc. posted third-quarter 2022 adjusted earnings of 25 cents, missing the Zacks Consensus Estimate of 29 cents per share. (as reported in Zacks Equity Research).

Revenues of $5,177 million exceeded the Zacks Consensus Estimate of $4,522 million,and was also higher than $3,824 million posted in the prior-year quarter.

While jet fuel volumes transported climbed +11% from the year-ago quarter, gasoline volumes were down -3% year over year.

For the full-year 2022, Kinder Morgan expects net income of $2.5 billion. It predicts DCF generation of $4.7 billion and an adjusted EBITDA of $7.2 billion. The company estimates a dividend of $1.11 per share, (+ 3% higher from the prior-year figure).

Related Tickers: KMI