Kinder Morgan, Inc. (KMI) is set to report second-quarter 2024 earnings on Jul 17, after the closing bell.Let us delve into the factors that are anticipated to have affected this pipeline operator’s performance. However, before that, it would be worth taking a look at KMI’s first-quarter performance.Highlights of Q1 Earnings & Surprise HistoryIn the last reported quarter, the company’s adjusted earnings per share of 34 cents beat the Zacks Consensus Estimate of 33 cents, primarily driven by increased financ ...

Kinder Morgan’s (KMI) subsidiary SFPP, L.P., announced the commencement of a binding open season to solicit commitments for expanding the East Line portion of its pipeline system. The expansion will enhance capacity from El Paso, TX, to Tucson, AZ.The open season began at 8:00 a.m. CST on Jun 10, 2024 and will conclude at 5:00 p.m. CST on Aug 9, 2024.Expansion HighlightsThe proposed expansion is designed to offer an additional 10,000 barrels per day of capacity on a gasoline-equivalent basis. This increased ...

Kinder Morgan, Inc. (KMI) is a well-known name in the midstream energy space. The Zacks Consensus Estimate for Kinder Morgan earnings for 2024 and 2025 is pegged at $1.18 and $1.22 per share, respectively, unchanged over the past seven days.What’s Favoring the Stock?Being a leading North American midstream energy player, Kinder Morgan, carrying a Zacks Rank #3 (Hold), has the continent's largest natural gas transportation network. The company’s natural gas pipeline assets, spread across roughly 70,000 miles ...

The most recent trading session ended with Kinder Morgan (KMI) standing at $20.10, reflecting a -0.05% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.09% gain on the day. Meanwhile, the Dow lost 0.1%, and the Nasdaq, a tech-heavy index, added 0.16%.Shares of the oil and natural gas pipeline and storage company witnessed a gain of 5.45% over the previous month, beating the performance of the Oils-Energy sector with its loss of 0.69% and the S&P 500's gain of 2.83%.The upco ...

Kinder Morgan (KMI) closed the most recent trading day at $19.67, moving +0.41% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.77% for the day. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 0.95%.Shares of the oil and natural gas pipeline and storage company witnessed a loss of 0.56% over the previous month, beating the performance of the Oils-Energy sector with its loss of 7.24% and underperformin ...

The latest trading session saw Kinder Morgan (KMI) ending at $19.79, denoting a -0.05% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.27%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.88%.The oil and natural gas pipeline and storage company's shares have seen an increase of 3.39% over the last month, surpassing the Oils-Energy sector's loss of 3.25% and the S&P 500's gain of 2.85%.The investment community will be closely monitoring ...

Kinder Morgan (KMI) ended the recent trading session at $19.08, demonstrating a -1.6% swing from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.74%. Elsewhere, the Dow saw a downswing of 1.53%, while the tech-heavy Nasdaq depreciated by 0.39%.The oil and natural gas pipeline and storage company's stock has climbed by 3.08% in the past month, exceeding the Oils-Energy sector's loss of 1.83% and lagging the S&P 500's gain of 6.06%.The investment community will be closely mon ...

Core Viewpoint - Kinder Morgan (KMI) has been trending in stock searches, with recent performance showing a +3.1% return over the past month, compared to +6.1% for the S&P 500 and +2.7% for the Zacks Oil and Gas - Production and Pipelines industry [1] Earnings Estimates - Kinder Morgan is expected to report earnings of $0.26 per share for the current quarter, reflecting a year-over-year increase of +8.3%, with a consensus estimate change of +1.8% over the last 30 days [3] - The consensus earnings estimate for the current fiscal year is $1.19, indicating a year-over-year change of +11.2%, with a +0.9% change over the last 30 days [3] - For the next fiscal year, the consensus estimate is $1.21, showing a +2.2% change from the previous year, with a -0.8% change over the past month [3] Revenue Growth - The consensus sales estimate for the current quarter is $3.92 billion, indicating a year-over-year change of +12.1% [5] - For the current fiscal year, the revenue estimates are $16.55 billion and $17.02 billion, reflecting changes of +7.9% and +2.8%, respectively [5] Last Reported Results - In the last reported quarter, Kinder Morgan generated revenues of $3.84 billion, a year-over-year decrease of -1.2%, with an EPS of $0.34 compared to $0.30 a year ago [6] - The reported revenues were -12.83% below the Zacks Consensus Estimate of $4.41 billion, while the EPS surprise was +3.03% [6] - Over the last four quarters, Kinder Morgan surpassed consensus EPS estimates twice and revenue estimates once [6] Valuation - Kinder Morgan's valuation is assessed through various multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), which help determine if the stock is fairly valued, overvalued, or undervalued [7] - The Zacks Value Style Score grades Kinder Morgan as C, indicating it is trading at par with its peers [9] Bottom Line - The analysis suggests that Kinder Morgan may perform in line with the broader market in the near term, supported by its Zacks Rank 3 [10]

Kinder Morgan (KMI) has strategically acquired oil and gas-producing assets in the Permian Basin for approximately $100 million, per a report by Reuters on Wednesday. This acquisition includes 265 wells located in a mature area of the Texas oilfield and 11,600 acres of land. These assets, first developed in the 1920s, currently produce around 1,100 barrels of oil per day. Kinder Morgan plans to leverage these assets to boost production using U.S. carbon capture incentives.Focus on Carbon Capture IncentivesT ...

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