Kinder Morgan, Inc. (NYSE: KMI) reported Q1 2020 earnings results today. The company posted net loss attributable to KMI of $306 million, compared to net income attributable to KMI of $556 million in the same period last year, mainly due to $950 million of non-cash impairments of assets and goodwill associated with certain oil and gas producing assets in the CO2 segment driven by the recent decline in crude oil prices.
For 2020, Kinder Morgan had estimated DCF of approx. $5.1 billion, or $2.24 per common share, and adjusted EBITDA of approx. $7.6 billion. Due to the COVID-19 pandemic-related reduced energy demand and the sharp decline in commodity prices, the company now expects DCF to be below plan by about 10% and adjusted EBITDA to be below plan by around 8%.
The board of directors approved a cash dividend of $0.2625 per share for the first quarter, payable on May 15, 2020, to common stockholders of record as of May 4, 2020. This dividend amounts to $1.05 on an annualized basis and represents a 5% increase over the fourth quarter of 2019.
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus
Virgin Galactic (NYSE: SPCE) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The space tourism company reported zero revenue in the fourth quarter, compared to $529,000