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Kinder Morgan, Inc. (KMI) reported earnings for its third quarter that climbed from the same period last year.


RTTNews | Oct 20, 2021 04:16PM EDT

16:16 Wednesday, October 20, 2021 (RTTNews.com) - Kinder Morgan, Inc. (KMI) reported earnings for its third quarter that climbed from the same period last year.

The company's bottom line totaled $495 million, or $0.22 per share. This compares with $455 million, or $0.20 per share, in last year's third quarter.

Excluding items, Kinder Morgan, Inc. reported adjusted earnings of $505 million or $0.22 per share for the period.

Analysts had expected the company to earn $0.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 30.8% to $3.82 billion from $2.92 billion last year.

Kinder Morgan, Inc. earnings at a glance:

-Earnings (Q3): $505 Mln. vs. $485 Mln. last year.-EPS (Q3): $0.22 vs. $0.21 last year.-Analysts Estimate: $0.24-Revenue (Q3): $3.82 Bln vs. $2.92 Bln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3234107/kinder-morgan-inc-q3-adjusted-earnings-miss-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved






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