Kinder Morgan Inc. (NYSE: KMI) reported second quarter 2020 earnings results today.
Revenues dropped to $2.56 billion from $3.21 billion in the same period last year.
Net loss was $637 million, or $0.28 per share, compared to net income of $518 million, or $0.23 per share, last year. Adjusted EPS fell 23% to $0.17.
For 2020, Kinder Morgan had earlier estimated DCF to be approx. $5.1 billion, or $2.24 per common share, and adjusted EBITDA to be approx. $7.6 billion. Due to the reduced energy demand and the sharp decline in commodity prices caused by the pandemic, the company now expects DCF to be below plan by slightly more than 10% and adjusted EBITDA to be below plan by slightly more than 8%.
Click here to access the transcript of Kinder Morgan Q2 2020 earnings conference call
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
