Kinder Morgan Expects To Finish FY23 Slightly Below Plan On FY Basis Due To Lower Than Expected Commodity Prices, Delayed RNG Projects, Higher Pipeline Expenses
Portfolio Pulse from Benzinga Newsdesk
Kinder Morgan (KMI) anticipates to conclude FY23 slightly below its plan due to lower than expected commodity prices, delayed RNG projects, and increased pipeline expenses.
October 18, 2023 | 8:11 pm
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NEGATIVE IMPACT
Kinder Morgan's FY23 performance is expected to be negatively impacted by lower commodity prices, delayed RNG projects, and higher pipeline costs.
The news directly mentions Kinder Morgan (KMI) and highlights several factors that are expected to negatively impact its FY23 performance. Lower than expected commodity prices can reduce the company's revenue, while delayed RNG projects and higher pipeline expenses can increase its costs. This combination of reduced revenue and increased costs can negatively impact the company's profitability, which can in turn negatively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100