Kinder Morgan (KMI) PT Lowered to $16 at RBC Capital

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Go back to Kinder Morgan (KMI) PT Lowered to $16 at RBC Capital

Kinder Morgan (KMI) Reports In-Line Q3 EPS

October 21, 2020 4:14 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 $2.92 billion versus the consensus estimate of $2.94 billion.

We are now in the seventh month of an unprecedented reduction in energy demand due to the pandemic, said KMI Executive Chairman Richard D. Kinder. Yet our company continued to produce considerable earnings and robust coverage of this quarters dividend.

We generate substantial cash and we remain committed to funding our capital needs internally, maintaining a healthy balance sheet and returning excess cash to our... More