Kinder Morgan earnings, Revenue miss in Q1

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Kinder Morgan earnings, Revenue miss in Q1
Credit: © Reuters.

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

Kinder Morgan announced earnings per share of $0.24 on revenue of $3.11B. Analysts polled by Investing.com anticipated EPS of $0.25 on revenue of $3.43B. That with comparison to EPS of $0.25 on revenue of $3.43B in the same period a year before.Kinder Morgan had reported EPS of $0.26 on revenue of $3.35B in the previous quarter.Analysts are expecting EPS of $0.2 and revenue of $3.07B in the upcoming quarter.

Kinder Morgan shares are down 14% from the beginning of the year and are trading at $14.62 , down-from-52-week-high.They are under-performing the Nasdaq which is down 6.02% year to date.

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 $2.38 on revenue of $4.61B, compared to forecasts EPS of $2.16 on revenue of $4.62B.

Sabesp ADR had beat expectations on Friday, March 27, 2020 with first quarter EPS of $0.39 on revenue of $783.2M, compared to forecast for EPS of $0.22 on revenue of $874.03M.

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

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