Kinder Morgan: EPS Rises, Revenue Falls

Kinder Morgan (NYSE:KMI), a leader in energy infrastructure, reported its fourth-quarter 2024 results on Jan. 22. Its adjusted earnings per share (EPS) of $0.32 fell short of the analysts' consensus estimate of $0.34, while revenue of $3.987 billion missed the forecast figure of $4.175 billion. However, it exhibited robust year-over-year growth of 14% in adjusted EPS and a 12.3% increase in net income. Overall, the quarter featured solid growth, but highlighted the company's challenges in meeting the market's expectations.Source: Analysts' estimates for the quarter provided by FactSet.Kinder Morgan operates one of North America's largest networks of pipelines and terminals. It transports and stores natural gas, refined petroleum products, crude oil, carbon dioxide, and more. Its growth strategy involves buying and constructing new midstream assets, and boosting the utilization of its vast energy infrastructure in service of meeting the North American energy industry's needs. Recent highlights include significant new pipeline projects such as the Trident Intrastate, and the strategic acquisition of Outrigger Energy II’s systems in a deal that was valued at $640 million.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool