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.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Discount store chain Dollar General Corporation (NYSE: DG) will be reporting third-quarter results next week. Operating nearly 20,000 stores across the US, it is one of the largest supermarket chains
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were up over 1% on Thursday. The stock has dropped 13% year-to-date. The discount retailer delivered third-quarter 2023 earnings results that did not
The Kroger Co. (NYSE: KR) reported its third quarter 2023 earnings results today. Total company sales were $34 billion compared to $34.2 billion for the same period last year. Identical sales