Kinder Morgan, Inc. (NYSE:KMI) released its second-quarter results after Wednesday's closing bell. Here's a look at the key figures from the quarter.
The Details: Kinder Morgan reported quarterly earnings of 28 cents per share, which beat the analyst consensus estimate of 27 cents, according to Benzinga Pro.
Quarterly revenue came in at $4.04 billion, which beat the analyst consensus estimate of $3.74 billion and is an over revenue of $3.572 billion from the same period last year.
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“With historic growing natural gas demand forecasts, a positive federal regulatory environment, and highly supportive federal permitting agencies, the future for our company is very bright. We will continue to reap the benefit of a business model structured around long-term take-or-pay, fee-based contracts with credit-worthy customers,” said Executive Chairman Richard D. Kinder.
Outlook: Kinder Morgan affirmed its fiscal 2025 adjusted EPS guidance of $1.27 per share, versus the $1.27 estimate.
KMI Price Action: According to data from Benzinga Pro, Kinder Morgan stock was up 0.14% at $27.95 in Wednesday's extended trading.
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