Kinder Morgan Q2 Adj EPS $0.24, Inline, Sales $3.50B Miss $4.55B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kinder Morgan reported Q2 adjusted earnings of $0.24 per share, in line with analyst estimates. However, the company's quarterly sales of $3.50 billion missed the consensus estimate of $4.55 billion by 23.05%. This represents a 32.03% decrease in sales compared to the same period last year.
July 19, 2023 | 8:08 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Kinder Morgan's Q2 earnings met expectations, but sales significantly missed estimates, indicating potential challenges in revenue generation.
Kinder Morgan's earnings were in line with expectations, which is a positive sign. However, the significant miss in sales estimates indicates potential issues in the company's ability to generate revenue. This could negatively impact investor sentiment and put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100