Kinder Morgan Q3 Earnings: Revenue Miss, EPS Miss, Guidance Lower, Shares Slide

Kinder Morgan Inc (NYSE:KMI) reported third-quarter financial results after the market close on Wednesday. Here’s a look at the key details from the quarter.

Q3 Earnings: Kinder Morgan reported third-quarter revenue of $3.699 billion, missing the consensus estimate of $3.975 billion, according to Benzinga Pro. The company reported quarterly earnings of 25 cents per share, missing analyst estimates of 27 cents per share.

Distributable cash flow came in at 49 cents per share after the company generated $1.2 billion in cash from operations and approximately $600 million in free cash flow during the quarter.

The company’s board approved a dividend of $0.2875 per share for the third quarter, payable on Nov. 15 to shareholders of record as of Oct. 31.

“The company had a solid third quarter on increased financial contributions from our ...

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