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HOUSTON (AP) _ Kinder Morgan Inc. (KMI) on Wednesday reported a fourth-quarter loss of $611 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Houston-based company said it had a loss of 29 cents. Earnings, adjusted for asset impairment costs, were 27 cents per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The oil and natural gas pipeline and storage company posted revenue of $3.64 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $3.81 billion.
For the year, the company reported profit of $337 million, or 14 cents per share. Revenue was reported as $14.4 billion.
Kinder Morgan shares have declined 20 percent since the beginning of the year, while the Standard & Poor's 500 index has declined 9 percent. In the final minutes of trading on Wednesday, shares hit $12.01, a fall of 71 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KMI at http://www.zacks.com/ap/KMI
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Keywords: Kinder Morgan, Earnings Report
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Kinder Morgan
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CODE : KMP |
ISIN : US4945501066 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Kinder Morgan is a producing company based in United states of america. Kinder Morgan is listed in Germany and in United States of America. Its market capitalisation is US$ 46.0 billions as of today (€ 36.7 billions). Its stock quote reached its lowest recent point on June 25, 1999 at US$ 10.00, and its highest recent level on November 26, 2014 at US$ 102.03. Kinder Morgan has 450 600 000 shares outstanding. |