Kinder Morgan Inc reports results for the quarter ended June 30 - Earnings Summary

• Kinder Morgan Inc KMI reported quarterly adjusted earnings of 28 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 25 cents to 34 cents per share.

• Revenue rose 13.2% to $4.04 billion from a year ago; analysts expected $3.83 billion.

• Kinder Morgan Inc's reported EPS for the quarter was 32 cents​.

• The company reported quarterly net income of $715 million.

• Kinder Morgan Inc shares had fallen by 5.0% this quarter and gained 2.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas transportation services peer group is also "buy"

• Wall Street's median 12-month price target for Kinder Morgan Inc is $31.00, about 10% above its last closing price of $27.91

This summary was machine generated from LSEG data July 16 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)