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%.
Click here to access the transcript of Kinder Morgan Q2 2020 earnings conference call
Most Popular
NFLX Stock: Should you invest in Netflix ahead of upcoming earnings?
For a large number of people, streaming videos and TV shows are the first preference when they want to keep themselves engaged during the lockdown. Streaming giant Netflix, Inc. (NASDAQ:
Earnings: Citigroup (C) Q4 profit beats estimates; revenue edges up
Citigroup Inc. (NYSE: C) on Friday said its fourth-quarter profit decreased despite modest growth in revenues. However, the numbers topped the market’s projections. Fourth-quarter net profit declined to $3.2 billion
JPM Earnings: All you need to know about JPMorgan Chase’s Q4 2021 earnings results
JPMorgan Chase & Co. (NYSE: JPM) reported fourth-quarter 2021 earnings results today. Reported revenue was flat year-over-year to $29.3 billion. Net income decrease 12% to $12.1 billion while EPS decreased
