Kinder Morgan Q3 2024 Adj. EPS $0.25 Misses $0.27 Estimate, Sales $3.699B Miss $3.975B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kinder Morgan reported Q3 2024 earnings of $0.25 per share, missing the consensus estimate of $0.27. Sales were $3.699 billion, below the expected $3.975 billion, and down 5.32% from the previous year.
October 16, 2024 | 8:06 pm
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NEGATIVE IMPACT
Kinder Morgan's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.25 versus $0.27 expected and sales at $3.699 billion versus $3.975 billion expected. Sales also decreased by 5.32% year-over-year.
The earnings and sales miss against analyst expectations is likely to negatively impact Kinder Morgan's stock price in the short term. The decrease in sales compared to the previous year further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100