Kinder Morgan Earnings, Revenue Beat in Q2 By Investing.com

0
38

© Reuters. Kinder Morgan Earnings, Revenue Beat in Q2

Investing.com – Kinder Morgan (NYSE:) reported on Wednesday second quarter that beat analysts’ forecasts and revenue that topped expectations.

Kinder Morgan announced earnings per share of $0.23 on revenue of $3.15B. Analysts polled by Investing.com anticipated EPS of $0.1892 on revenue of $2.88B.

Kinder Morgan shares are up 20% from the beginning of the year, still down 7.52% from its 52 week high of $19.29 set on June 11. They are outperforming the S&P 500 which is up 16.05% from the start of the year.

Kinder Morgan shares lost 2.35% in after-hours trade following the report.

Kinder Morgan follows other major Utilities sector earnings this month

Kinder Morgan’s report follows an earnings missed by Avangrid Inc on Wednesday, who reported EPS of $0.35 on revenue of $1.48B, compared to forecasts EPS of $0.3967 on revenue of $1.51B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.