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%.
Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as
Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and
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