Categories AlphaGraphs, Earnings, Energy
KMI Earnings: Kinder Morgan Q1 2024 adjusted profit increases; revenue drops
Kinder Morgan, Inc. (NYSE: KMI) reported higher adjusted earnings for the first quarter of 2024 despite a decrease in revenues. The energy infrastructure company also issued guidance for the full fiscal year.
First-quarter earnings, excluding special items, increased to $0.34 per share from $0.30 per share a year earlier and matched expectations. Net income attributable to shareholders, on an unadjusted basis, was $746 million or $0.33 per share in Q1, compared to $679 million or $0.30 per share in the same period of 2023.
Revenues decreased to $3.84 billion in the March quarter from $3.89 billion in the prior-year quarter and missed analysts’ estimates. The company expects distributable cash flow to be $5 billion and adjusted EBITDA to be $8.16 billion at the end of fiscal 2024.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
AZO Earnings: AutoZone reports higher sales and profit for Q3 2024
Automotive parts retailer AutoZone, Inc. (NYSE: AZO) on Tuesday said its third-quarter net sales and earnings increased modestly from last year. The company reported net sales of $4.24 billion for the
Infographic: Key highlights from Macy’s (M) Q1 2024 earnings results
Macy’s, Inc. (NYSE: M) reported first quarter 2024 earnings results today. Net sales decreased 2.7% year-over-year to $4.8 billion. Comparable sales were down 1.2% on an owned basis and down
Here are a few reasons why Beyond Meat (BYND) appears to be beyond hope
Shares of Beyond Meat, Inc. (NASDAQ: BYND) rose over 1% on Monday. The stock has dropped 18% year-to-date. The company delivered disappointing results for the first quarter of 2024 and
