Kinder Morgan (KMI) Releases Earnings Results, Beats Expectations By $0.03 EPS
Kinder Morgan (NYSE:KMI) issued its quarterly earnings data on Tuesday. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03, Bloomberg Earnings reports. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.52 billion. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the company earned $0.08 EPS.
Shares of Kinder Morgan (NYSE KMI) traded up $0.18 during trading on Wednesday, reaching $19.57. The company had a trading volume of 19,500,000 shares, compared to its average volume of 14,260,000. Kinder Morgan has a 12 month low of $16.68 and a 12 month high of $23.01. The stock has a market cap of $43,700.00, a PE ratio of 34.95, a price-to-earnings-growth ratio of 1.33 and a beta of 0.62. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.96.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.55%. Kinder Morgan’s dividend payout ratio (DPR) is 89.29%.
In other news, VP Thomas A. Martin bought 3,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was bought at an average cost of $17.10 per share, for a total transaction of $51,300.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 13.99% of the company’s stock.
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About Kinder Morgan
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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