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Stock impact report

Kinder Morgan shares fall after revenue miss [MarketWatch]

Kinder Morgan, Inc. (KMI) 
Last kinder morgan, inc. earnings: 4/22 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.kindermorgan.com
Company Research Source: MarketWatch
Kinder Morgan shares fall after revenue miss Kinder Morgan Inc. mki shares fell 1.3% in the extended session Wednesday after the pipeline company reported revenue below expectations. The company reported fourth-quarter net income attributable to common stockholders of $483 million, or 21 cents a share, compared with losses of $1.05 billion, or 47 cents a share, in the year-ago period. Adjusted for items such as losses on impairments and divestitures, among other items, earnings were 25 cents a share, compared with 21 cents a share in the year-earlier quarter. Revenue rose to $3.78 billion from $3.63 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 25 cents a share on revenue of $3.84 billion. The company said it does not provide net income outlook but does expect distributable cash flow of $5 billion for 2019, and the budget "contemplates" a dividend of $1 a share across the full year. For the first quarter, analysts model adjusted earn Show less Read more
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