Energy infrastructure company Kinder Morgan, Inc. (NYSE: KMI) has reported an increase in third-quarter profit, aided by a 35% growth in revenues.
Third-quarter profit, excluding special items, moved up to $0.25 per share from $0.22 per share in the corresponding period of last year. Net income attributable to shareholders was $576 million or $0.25 per share, compared to $495 million or $0.22 per share last year.
The positive bottom-line performance reflects a 35% surge in revenues to $5.18 billion. The company also provided guidance for the full fiscal year.
Kinder Morgan Q3 2022 Earnings Call Transcript
“As we continue to witness the tragic consequences of the war in Ukraine, including global economic turbulence and volatility, our company and the U.S. energy sector as a whole can take some measure of pride in continuing to provide both our citizens and those around the world with natural gas, refined products, and crude oil,” 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
