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Kinder Morgan Q2 Adjusted EPS, Revenue Increase; Shares Fall After Hours
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Kinder Morgan Q2 Adjusted EPS, Revenue Increase; Shares Fall After Hours
Jul 17, 2024 2:04 PM

04:36 PM EDT, 07/17/2024 (MT Newswires) -- Kinder Morgan ( KMI ) reported Q2 adjusted earnings late Wednesday of $0.25 per diluted share, up from $0.24 a year earlier.

Analysts polled by Capital IQ expected $0.25.

Revenue in the quarter ended June 30 rose to $3.57 billion from $3.5 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.13 billion.

In 2024, the company said it budgeted net income, including contributions from the STX Midstream assets, of $1.22 a share.

Analysts polled by Capital IQ expect GAAP EPS of $1.21.

The company kept the quarterly dividend at $0.2875 a share, payable Aug. 15 to shareholders of record July 31.

Shares of the company fell 2.6% in recent after-hours trading.

Price: 20.00, Change: -0.53, Percent Change: -2.58

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