Kinder Morgan Earnings, Revenue Beat in Q2
2022.07.21 00:18
Kinder Morgan Earnings, Revenue Beat in Q2
Investing.com – Kinder Morgan (NYSE:KMI) reported on Wednesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Kinder Morgan announced earnings per share of $0.2775 on revenue of $5.15B. Analysts polled by Investing.com anticipated EPS of $0.2674 on revenue of $3.77B.
Kinder Morgan shares are down 20% from the beginning of the year, still down 14.16% from its 52 week high of $20.20 set on June 8. They are outperforming the Nasdaq which is down 23.95% from the start of the year.
Kinder Morgan shares gained 0.63% in after-hours trade following the report.
Kinder Morgan follows other major Energy sector earnings this month
Kinder Morgan’s report follows an earnings missed by Baker Hughes on Wednesday, who reported EPS of $0.11 on revenue of $5.05B, compared to forecasts EPS of $0.2173 on revenue of $5.34B.
Halliburton had beat expectations on Tuesday with second quarter EPS of $0.49 on revenue of $5.07B, compared to forecast for EPS of $0.4468 on revenue of $4.71B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
