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Kinder Morgan Earnings inline, Revenue Misses In Q2

imageStock Markets4 hours ago (Jul 22, 2020 04:10PM ET)

(C) Reuters. Kinder Morgan Earnings inline, Revenue Misses In Q2 – Kinder Morgan (NYSE:KMI) reported on Wednesday second quarter earnings that matched analysts’ forecasts and revenue that fell short of expectations.

Kinder Morgan announced earnings per share of $0.17 on revenue of $2.56B. Analysts polled by anticipated EPS of $0.17 on revenue of $2.89B.

Kinder Morgan shares are down 29.76% from the beginning of the year , still down 34.15% from its 52 week high of $22.58 set on February 20. They are under-performing the S&P 500 which is up 1.4% from the start of the year.

Kinder Morgan shares lost 0.81% in after-hours trade following the report.

Kinder Morgan’s report follows an earnings missed by Avangrid Inc on Tuesday, who reported EPS of $0.32 on revenue of $1.39B, compared to forecasts EPS of $0.34 on revenue of $1.46B.

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Kinder Morgan Earnings inline, Revenue Misses In Q2

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