Kinder Morgan (KMI) Posts Earnings Results, Beats Estimates By $0.03 EPS
Kinder Morgan (NYSE:KMI) released its quarterly earnings data on Tuesday. The pipeline company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03, Bloomberg Earnings reports. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the prior year, the company posted $0.08 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis.
Kinder Morgan (NYSE KMI) traded down $0.41 during trading on Thursday, reaching $19.16. The company had a trading volume of 11,906,195 shares, compared to its average volume of 14,410,000. The company has a market capitalization of $42,780.00, a PE ratio of 1,916.29, a price-to-earnings-growth ratio of 1.32 and a beta of 0.62. Kinder Morgan has a fifty-two week low of $16.68 and a fifty-two week high of $23.01. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.42.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.61%. Kinder Morgan’s dividend payout ratio is 5,000.00%.
In other news, VP Thomas A. Martin purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were acquired at an average price of $17.10 per share, for a total transaction of $51,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.99% of the stock is owned by company insiders.
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About Kinder Morgan
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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