Kinder Morgan, Inc. (NYSE:KMI) is set to announce third quarter earning results on Wednesday 21st October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, KMI to report 3Q20 income of $ 0.21 per share.
For the full year, analysts anticipate top line of $ 11667.40 million, while looking forward to income of $ 0.78 per share bottom line.
Previous Quarter Performance
Kinder Morgan, Inc. recorded income for the second quarter of $ 0.17 per share, from the revenue of $ 2,560.00 million. The quarterly earnings down 22.73 percent while revenues reduced 20.35 percent compared with the same quarter last year. The top line results fell short of analysts by $ 331.95 million or 11.48 percent.
Stock Performance
Shares of Kinder Morgan, Inc. traded low $ -0.04 or -0.28 percent on Tuesday, reaching $ 12.68 with volume of 15.24 million shares. Kinder Morgan, Inc. has traded high as $ 12.86 and has cracked $ 12.58 on the downward trend
The closing price of $ 12.68, representing a 34.93 % increase from the 52 week low of $ 9.42 and a 43.71 % decrease over the 52 week high of $ 22.58.
The company has a market capital of $ 28.69 billion and is part of the Energy sector and Oil & Gas Midstream industry.
Recent Analyst recommendations
- On 15th October 2020, upgraded by Goldman Sachs Group to Neutral from Sell rating.
- On 9th October 2020, maintained by Piper Sandler at Neutral rating, with $ 14.00 target price.
- On 25th September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 15.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.2625 per share on July 22, 2020. The dividend were payable on August 17, 2020 to holders of record as of the close of business on August 3, 2020 and ex-dividend date on July 31, 2020.
Conference Call
Kinder Morgan, Inc. will be hosting a conference call at 4:30 PM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.kindermorgan.com
Kinder Morgan, Inc. operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments.
