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Kinder Morgan (KMI) Q4 Earnings Meet Estimates on GCX Strength
Kinder Morgan, Inc. KMI posted fourth-quarter 2019 adjusted earnings per share of 26 cents, in line with the Zacks Consensus Estimate. The bottom line improved from the year-ago quarter’s 25 cents.
However, total revenues declined to $3,352 million from $3,781 million in the prior-year quarter and missed the Zacks Consensus Estimate of $3,724 million.
The quarterly earnings were backed by increased natural gas transportation and gathering volumes. While Natural Gas Pipelines and Product Pipelines segments supported the results, decline in commodity prices and crude volumes affected the CO2 segment, which partially offset the same.
Full-year 2019 revenues amounted to $13.2 billion, down from the 2018 figure of $14.1 billion. The company declared a cash dividend of 25 cents per share for the fourth-quarter, which is payable on Feb 18, 2020.
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https://finance.yahoo.com/news/kinder-mo...01991.html
![[Bild: KMIc1dl1603.png]](https://finviz.com/publish/012320/KMIc1dl1603.png)
Kinder Morgan, Inc. KMI posted fourth-quarter 2019 adjusted earnings per share of 26 cents, in line with the Zacks Consensus Estimate. The bottom line improved from the year-ago quarter’s 25 cents.
However, total revenues declined to $3,352 million from $3,781 million in the prior-year quarter and missed the Zacks Consensus Estimate of $3,724 million.
The quarterly earnings were backed by increased natural gas transportation and gathering volumes. While Natural Gas Pipelines and Product Pipelines segments supported the results, decline in commodity prices and crude volumes affected the CO2 segment, which partially offset the same.
Full-year 2019 revenues amounted to $13.2 billion, down from the 2018 figure of $14.1 billion. The company declared a cash dividend of 25 cents per share for the fourth-quarter, which is payable on Feb 18, 2020.
...
https://finance.yahoo.com/news/kinder-mo...01991.html
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