Kinder Morgan cuts 2020 core profit outlook, spending on coronavirus hit [Reuters]
Kinder Morgan, Inc. (KMI)
Last kinder morgan, inc. earnings: 4/22 04:05 pm
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Source: Reuters
Kinder Morgan cuts 2020 core profit outlook, spending on coronavirus hit (Reuters) - U.S. pipeline operator Kinder Morgan Inc ( KMI.N ) cut its expectations for full-year adjusted core earnings on Wednesday and reported a 5.3% fall in quarterly adjusted profit following a coronavirus-induced decline in fuel demand and a crash in crude prices. The company now expects an 8% fall in annual adjusted earnings before interest, taxes, depreciation, and amortization from previous estimates of about $7.6 billion. Kinder Morgan also took a non-cash impairment charge of $950 million in the first quarter related to certain oil and gas producing assets in its CO2 unit. The company cut its 2020 capital expenditure by about $700 million, or nearly 30% from its previous estimate, following many of its peers. Oil and gas pipeline and storage companies in the United States and Canada have cut their budgets for the year as their customers cut down on drilling activity, hit by dwindling demand and a pr
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News
- Kinder Morgan: I Would've Entered If Not For Liquidity And Valuation Risks [Seeking Alpha]Seeking Alpha
- Jack Mintz: Is Alberta really getting a pipeline or just being sold a pipe dream? [Yahoo! Finance Canada]Yahoo! Finance Canada
- Kinder Morgan Has Growth Potential With A Modest Dividend After Consolidation [Seeking Alpha]Seeking Alpha
- Kinder Morgan (NYSE:KMI) had its price target lowered by analysts at Mizuho from $32.00 to $31.00. They now have an "outperform" rating on the stock.MarketBeat
- Kinder Morgan (NYSE:KMI) had its price target raised by analysts at Royal Bank Of Canada from $28.00 to $30.00. They now have a "sector perform" rating on the stock.MarketBeat
KMI
Earnings
- 10/22/25 - Beat
KMI
Sec Filings
- 12/5/25 - Form 8-K
- 11/18/25 - Form 4
- 11/10/25 - Form 4
- KMI's page on the SEC website