Kinder Morgan Declares $0.20 Dividend and Announces Results for Third Quarter of 2018
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October 18, 2018 6:40 AM EDT
RBC Capital analyst Elvira Scotto raised the price target on Kinder Morgan (NYSE: KMI) to $21.00 (from $20.00) while maintaining a Sector Perform rating following "solid" Q3 results.
Scotto notes, importantly, KMI expects to exceed its budgeted EBITDA and DCF in 2018 despite the... More
October 17, 2018 4:07 PM EDT
Kinder Morgan (NYSE: KMI) reported Q3 EPS of $0.21, in-line with the analyst estimate of $0.21. Revenue for the quarter came in at $3.52 billion versus the consensus estimate of $3.56 billion.
The third quarter was a momentous one for our company, Chief Executive Officer Steve Kean noted. We closed the Trans Mountain transaction on August 31 and then made a final investment decision on the Permian Highway Pipeline Project less than a week later. Our three-year campaign to strengthen KMIs balance sheet reached an... More
