| Kinder Morgan tops 3Q profit forecasts | |
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HOUSTON (AP) _ Kinder Morgan Inc. (KMI) on Wednesday reported third-quarter earnings of $186 million.
The Houston-based company said it had net income of 8 cents per share. Earnings, adjusted for asset impairment costs, came to 19 cents per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.
The oil and natural gas pipeline and storage company posted revenue of $3.71 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $3.78 billion.
Kinder Morgan shares have fallen 26 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased roughly 2 percent. In the final minutes of trading on Wednesday, shares hit $31.42, a drop of 18 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KMI at http://www.zacks.com/ap/KMI
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Keywords: Kinder Morgan, Earnings Report
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Kinder Morgan
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CODE : KMP |
ISIN : US4945501066 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Kinder Morgan est une société de production minière basée aux Etats-Unis D'Amerique. Kinder Morgan est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 46,0 milliards US$ (36,7 milliards €). La valeur de son action a atteint son plus bas niveau récent le 25 juin 1999 à 10,00 US$, et son plus haut niveau récent le 26 novembre 2014 à 102,03 US$. Kinder Morgan possède 450 600 000 actions en circulation. |