Kinder Morgan, Inc. (NYSE: KMI) reported a double-digit fall in revenues for the third quarter of 2023 when the energy infrastructure company’s adjusted profit remained unchanged year-over-year.
Third-quarter earnings, excluding special items, remained unchanged at $0.25 per share. Net income attributable to shareholders, on an unadjusted basis, was $532 million or $0.24 per share, compared to $576 million or $0.25 per share last year.
Revenues decreased sharply to $3.91 billion in the September quarter from $5.18 billion in the comparable period of 2022. The company expects distributable cash flow to be $4.8 billion and adjusted EBITDA to be $7.7 billion at the end of 2023.
“During the quarter the company experienced the second management succession in its history, but our time-tested strategy remains the same,” said Kinder Morgan’s executive chairman Richard Kinder.
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
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