Kinder Morgan Earnings Beat, Revenue Misses In Q3

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Kinder Morgan announced earnings per share of $0.21 on revenue of $2.92B. Analysts polled by anticipated EPS of $0.2 on revenue of $2.94B.

Kinder Morgan shares are down 40.72% from the beginning of the year, still down 44.42% from its 52 week high of $22.58 set on February 20. They are under-performing the S&P 500 which is up 6.31% from the start of the year.

Kinder Morgan shares gained 1.35% in after-hours trade following the report.

Kinder Morgan’s report follows an earnings beat by NextEra Energy on Wednesday, who reported EPS of $2.66 on revenue of $4.79B, compared to forecasts EPS of $2.62 on revenue of $5.46B.

Avangrid Inc had missed expectations on Tuesday with third quarter EPS of $0.32 on revenue of $1.47B, compared to forecast for EPS of $0.41 on revenue of $1.52B.

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