Categories AlphaGraphs, Earnings, Energy

KMI Earnings: Kinder Morgan Q2 earnings meet estimates; revenue up 64%

Energy infrastructure company Kinder Morgan, Inc. (NYSE: KMI) has reported an increase in second-quarter profit, which also came in line with analysts’ estimates. Driving the bottom-line growth, revenues climbed 64%.

Second-quarter profit, excluding special items, moved up to $0.27 per share from $0.23 per share in the corresponding period of last year. The latest number matched Wall Street’s projection. Net income attributable to shareholders was $635 million or $0.28 per share, compared to a loss of $757 million or $0.34 per share last year.

The positive bottom-line performance reflects a 64% surge in revenues to $5.15 billion. The company also provided its guidance for the full fiscal year.

Kinder Morgan Q2 2022 Earnings Call Transcript

“As we have for the last six years, we continue to live within our cash flow and expect to continue to fund expansion capital opportunities with the cash flow we generate. We also expect to meet or improve on our debt metric goal and return excess cash to our shareholders through a strong dividend and opportunistic share repurchases,” said the company’s executive chairman Richard Kinder.

Prior Performance

  • Kinder Morgan Q1 2022 Earnings Infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Salesforce stock hit by weak guidance, co-CEO’s exit. What next?

For technology stocks, 2022 has been a challenging year, with companies losing significant market value amid prolonged stock selloff. In that respect, Salesforce, Inc. (NYSE: CRM) is among the worst-affected

Macy’s (M): Here’s a look at the retailer’s expectations for the near term

Shares of Macy’s Inc. (NYSE: M) were down on Thursday. The stock has gained 36% over the past three months and 18% over the past one month. The company’s sales

KR Earnings: Kroger Q3 sales, profit increase and top expectations

Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to

Add Comment
Viewing Highlight