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Kinder Morgan Q3 Adjusted Earnings Unchanged, Revenue Drops
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Kinder Morgan Q3 Adjusted Earnings Unchanged, Revenue Drops
Oct 17, 2024 1:56 PM

04:21 PM EDT, 10/16/2024 (MT Newswires) -- Kinder Morgan ( KMI ) reported Q3 adjusted earnings late Wednesday of $0.25 per diluted share, unchanged from a year earlier.

Analysts polled by Capital IQ expected $0.26.

Revenue in the three months ended Sept. 30 fell to $3.7 billion from $3.91 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.05 billion.

In 2024, the company said it budgeted net income, including contributions from the STX Midstream assets, of $1.22 a share. Four analysts polled by Capital IQ expect GAAP EPS of $1.22.

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

Price: 24.58, Change: -0.36, Percent Change: -1.44

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