Shares of Kinder Morgan (NYSE:KMI) fell after the company reported Q2 results.
Quarterly Results
Earnings per share were up 35.29% year over year to $0.23, which beat the estimate of $0.19.
Revenue of $3,150,000,000 rose by 23.05% from the same period last year, which beat the estimate of $2,880,000,000.
Guidance
Earnings guidance hasn’t been issued by the company for now.
Revenue guidance hasn’t been issued by the company for now.
How To Listen To The Conference Call
Date: Jul 21, 2021
Time: 04:30 PM
ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.kindermorgan.com%2F&eventid=3193540&sessionid=1&key=732BAAE0E2F157962CCC8C3A38C47EFC®Tag=&V2=false&sourcepage=register
Price Action
Company’s 52-week high was at $19.29
52-week low: $11.45
Price action over last quarter: Up 9.20%
Company Overview
Kinder Morgan is one of the largest midstream energy firms in North America with 70,000 miles of U.S. natural gas pipelines and nearly 10,000 miles of oil and refined products pipelines. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan’s cash flows stem from fee-based contracts for handling, moving, and storing fossil-fuel products.
