Categories AlphaGraphs, Earnings, Energy
Infographic: Highlights of Kinder Morgan’s (KMI) Q4 2020 earnings report
Energy infrastructure firm Kinder Morgan, Inc. (NYSE: KMI) reported stronger-than-expected earnings for the fourth quarter of 2020, despite a decline in revenues. The company’s stock was trading higher soon after the announcement on Wednesday.
At $3.12 billion, fourth-quarter revenues were down 7% from the same period of last year. However, the top-line beat the forecast.
Earnings, adjusted for special items, edged up to $0.27 per share from $0.26 per share in the fourth quarter of 2019 and exceeded the estimates. Net income was $607 million or $0.27 per share, compared to $610 million or $0.27 per share last year.
Read management/analysts’ comments on Kinder Morgan’s Q4 report
Kinder Morgan’s stock made modest gains immediately after the earnings release in extended trading on Wednesday, after closing the regular session higher.
Past Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to