Kinder Morgan Q2 2024 Adj EPS $0.25 Misses $0.26 Estimate, Sales $3.572B Miss $4.123B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kinder Morgan (NYSE:KMI) reported Q2 2024 earnings of $0.25 per share, missing the analyst estimate of $0.26. Sales were $3.572 billion, also missing the $4.123 billion estimate. Despite the misses, sales increased by 2.03% year-over-year.
July 17, 2024 | 8:06 pm
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Kinder Morgan's Q2 2024 earnings and sales both missed analyst estimates. EPS was $0.25, below the $0.26 estimate, and sales were $3.572 billion, below the $4.123 billion estimate. However, sales increased by 2.03% year-over-year.
Kinder Morgan's earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. The slight year-over-year sales increase is a positive, but not enough to offset the misses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100