Categories Earnings, Energy

Kinder Morgan (KMI) Q2 2020 Earnings: Key financials and quarterly highlights

Kinder Morgan Inc. (NYSE: KMI) reported second quarter 2020 earnings results today.

Revenues dropped to $2.56 billion from $3.21 billion in the same period last year.

Net loss was $637 million, or $0.28 per share, compared to net income of $518 million, or $0.23 per share, last year. Adjusted EPS fell 23% to $0.17.

For 2020, Kinder Morgan had earlier estimated DCF to be approx. $5.1 billion, or $2.24 per common share, and adjusted EBITDA to be approx. $7.6 billion. Due to the reduced energy demand and the sharp decline in commodity prices caused by the pandemic, the company now expects DCF to be below plan by slightly more than 10% and adjusted EBITDA to be below plan by slightly more than 8%. 

Click here to access the transcript of Kinder Morgan Q2 2020 earnings conference call

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

One thought on “Kinder Morgan (KMI) Q2 2020 Earnings: Key financials and quarterly highlights

Leave a Reply

Your email address will not be published. Required fields are marked *

Add Comment
Loading...

Cancel
Viewing Highlight
Loading...
Highlight
Close
Top