Yahoo Finance Kinder Morgan First Quarter 2024 Earnings: Misses Expectations
Kinder Morgan (NYSE:KMI) First Quarter 2024 Results
Key Financial Results
Revenue: US$3.84b (down 1.2% from 1Q 2023).
Net income: US$746.0m (up 11% from 1Q 2023).
Profit margin: 19% (up from 17% in 1Q 2023). The increase in margin was driven by lower expenses.
EPS: US$0.34 (up from US$0.30 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Kinder Morgan Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 6.2%.
Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Kinder Morgan.
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