Kinder Morgan, Inc. Q4 Profit Increases
· 1d · on MSN
Pipeline operator Kinder Morgan misses estimates for fourth-quarter profit
Kinder Morgan Reports Fourth Quarter 2024 Financial Results
Kinder Morgan, Inc.'s (NYSE: KMI) board of directors today (Jan 22) approved a cash dividend of $0.2875 per share for the fourth quarter ($1.15 annualized), payable on February 18, 2025, to stockh. .
Kinder Morgan, Inc. Q4 Profit Increases, But Misses Estimates
Kinder Morgan, Inc. (KMI) reported a profit for its fourth quarter that increased from last year but missed the Street estimates.
Kinder Morgan stock garnered retail attention on Thursday after the company fell short of the Wall Street estimate for fourth-quarter profit. On Wednesday, the company reported adjusted net earnings of $0.
Financial analysis of Kinder Morgan (KMI) stock, which has seen recent gains but has mixed ratings from analysts.
Kinder Morgan kept its outlook for 2025 unchanged and guided for full-year adjusted earnings per share of $1.27 and adjusted earnings before interest, taxes, depreciation and amortization of $8.3 billion. Wall Street expects adjusted earnings of $1.33 per share.
Argus raised the firm’s price target on Kinder Morgan (KMI) to $36 from $29 and keeps a Buy rating on the shares after its Q4 earnings beat.
Overall, Kinder Morgan is an excellent stock for the near to medium term but not necessarily one to firmly commit to buying for life. Investors' long-term assumptions about its earnings and cash flow will change as sentiment changes about the gas industry.
Wells Fargo raised the firm’s price target on Kinder Morgan (KMI) to $33 from $30 and keeps an Overweight rating on the shares following an
HOUSTON (AP) — HOUSTON (AP) — Kinder Morgan Inc. (KMI) on Wednesday reported fourth-quarter net income of $667 million. On a per-share basis, the Houston-based company said it had net income of 30 cents. Earnings, adjusted for non-recurring costs, came to 32 cents per share.
Shares of Kinder Morgan, Inc. (NYSE:KMI – Get Free Report) fell 1.7% during mid-day trading on Thursday following a weaker than expected earnings announcement. The company traded as low as $30.12 and last traded at $30.
Kinder Morgan earnings and revenue slightly missed Q4 views late Wednesday, but the natgas pipeline operator sees strong AI and cryptocurrency demand.
Kinder Morgan Inc said two of its Los Angeles fuel pipelines returned to service on Friday, after being shut down since Jan. 8 due to power outages caused by the most destructive wildfires in the city's history.
The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0637 GMT – Cnooc’s oil production will likely remain robust despite its recently lowered output guidance,
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