Group 1 - The week will feature delayed November jobs and consumer-price data, which are critical economic indicators [1] - Earnings reports from major companies such as FedEx, Darden, and Accenture are expected, providing insights into their financial performance [1]

Core Viewpoint - Kinder Morgan's Q3 2025 earnings met estimates, with adjusted EPS of 29 cents and total revenues of $4.15 billion, indicating a positive performance trend [2][3]. Financial Performance - Adjusted EPS for Q3 2025 was 29 cents, matching the Zacks Consensus Estimate, and increased from 25 cents year-over-year [2]. - Total revenues reached $4.15 billion, surpassing the Zacks Consensus Estimate of $4.13 billion and up from $3.70 billion in the prior-year quarter [2]. Segmental Analysis - Natural Gas Pipelines segment saw adjusted EBDA rise to $1.4 billion from $1.27 billion year-over-year, driven by higher transported and gathering volumes [4]. - Product Pipelines segment's EBDA increased to $288 million from $276 million, attributed to higher diesel fuel volumes [5]. - Terminals segment generated EBDA of $274 million, up from $267 million, with liquids utilization at 94.6% [5]. - CO2 segment's EBDA fell to $136 million from $160 million year-over-year [6]. Operational Highlights - Operations and maintenance expenses totaled $786 million, slightly down from $790 million a year ago, while total operating costs rose to $3.08 billion from $2.68 billion [7]. - Kinder Morgan reported a project backlog of $9.3 billion, with a significant portion related to natural gas projects [7]. Balance Sheet - As of September 30, 2025, Kinder Morgan had $71 million in cash and cash equivalents, with long-term debt amounting to $31.3 billion [8]. Outlook - For the year, Kinder Morgan projected net income of $2.8 billion and estimated adjusted EPS of $1.27, with a net debt-to-adjusted EBITDA ratio expected at 3.8x by the end of 2025 [9]. - Recent estimates for the stock have trended upward, indicating a promising outlook [10][12].

Core Insights - Philip Morris International is expected to announce earnings of $2.10 per share and sales of $10.66 billion, surpassing last year's results of $1.91 per share and $9.91 billion in sales [3] - The company has a market capitalization of $243 billion and generated $39 billion in revenue over the last twelve months, with operating profits of $14 billion and a net income of $8.2 billion [4] Historical Earnings Performance - Over the past five years, Philip Morris has recorded 20 earnings data points, with positive one-day returns occurring in 55% of cases, yielding a median positive return of 2.5% and a maximum return of 10.9% [7] - The percentage of positive one-day returns drops to 50% when considering the last three years, with the median of negative returns at -2.7% [7] Post-Earnings Trading Strategies - Event-driven traders can utilize historical trends to create strategic positions before and after earnings announcements, analyzing the correlation between immediate and medium-term returns [6][8] - A less risky approach involves understanding the correlation between 1D and 5D returns post-earnings, allowing traders to position themselves accordingly based on positive 1D returns [8]