Kinder Morgan Q1 Adj. EPS $0.34, Inline, Sales $3.842B Miss $4.355B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kinder Morgan (NYSE:KMI) reported Q1 adjusted EPS of $0.34, meeting analyst estimates, but missed revenue expectations with $3.842B against a forecast of $4.355B, a 1.18% decrease from last year.
April 17, 2024 | 8:06 pm
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Kinder Morgan reported Q1 adjusted EPS of $0.34, in line with estimates, but missed revenue forecasts with $3.842B, a 1.18% YOY decrease.
Missing revenue forecasts, especially by a margin of 11.77%, and a year-over-year decrease in sales could negatively impact investor sentiment and stock price in the short term.
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