Kinder Morgan earnings beat, Revenue misses in Q3

  • Investing.com
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Kinder Morgan earnings beat, Revenue misses in Q3
Credit: © Reuters.

Investing.com - Kinder Morgan (NYSE: KMI ) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Kinder Morgan announced earnings per share of $0.21 on revenue of $2.92B. Analysts polled by Investing.com anticipated EPS of $0.2 on revenue of $2.94B.

Kinder Morgan shares are down 40.72% from the beginning of the year and are trading at $12.72 , down-from-52-week-high.They are under-performing the S&P 500 which is up 6.31% year to date.

Kinder Morgan shares gained 1.35% in after-hours trade the report.

Kinder Morgan follows other major Utilities sector earnings this month

Kinder Morgan's report follows an earnings beat by NextEra Energy on Wednesday, who reported EPS of $2.66 on revenue of $4.79B, compared to forecasts EPS of $2.62 on revenue of $5.46B.

Avangrid Inc had missed expectations on Tuesday with third quarter EPS of $0.32 on revenue of $1.47B, compared to forecast for EPS of $0.41 on revenue of $1.52B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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