Kinder Morgan Q3 Earnings: Revenue Miss, EPS Miss, Guidance Lower, Shares Slide
Portfolio Pulse from Adam Eckert
Kinder Morgan reported Q3 earnings with revenue and EPS missing estimates, and lowered guidance for 2024. Despite a strong balance sheet and increased contributions from certain segments, shares fell 3.81% after hours.
October 16, 2024 | 8:35 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Kinder Morgan's Q3 earnings missed revenue and EPS estimates, and the company lowered its guidance for 2024. Despite a strong balance sheet and increased contributions from natural gas pipelines, shares fell 3.81% after hours.
Kinder Morgan's Q3 earnings report showed a miss on both revenue and EPS, which is typically negative for stock prices. The lowered guidance for 2024 further adds to the negative sentiment. Despite some positive aspects like a strong balance sheet and increased contributions from certain segments, the immediate market reaction was a 3.81% drop in share price after hours, indicating a negative short-term impact.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100