Categories AlphaGraphs, Earnings, Energy
Kinder Morgan (KMI) Q1 2023 revenue and adj. profit decline
Energy infrastructure company Kinder Morgan, Inc. (NYSE: KMI) has reported a decrease in first-quarter 2023 adjusted profit and revenue.
First-quarter earnings, excluding special items, dropped to $0.30 per share from $0.32 per share in the corresponding period of last year. Net income attributable to shareholders was $679 million or $0.30 per share, compared to $667 million or $0.29 per share last year.
The bottom line was negatively impacted by a 9% decrease in revenues to $3.89 billion. The company also provided guidance for fiscal 2023.
“Shareholders continue to benefit from our long-standing corporate strategy: maintaining a strong investment-grade balance sheet, internally funding expansion opportunities, paying an attractive and growing dividend, and further returning value by repurchasing our shares on an opportunistic basis,” said the company’s executive chairman Richard Kinder.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
