Kinder Morgan Energy Partners (NYSE: KMP ) reported earnings on Jan. 16. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Kinder Morgan Energy Partners met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins were steady, net margins increased.
Kinder Morgan Energy Partners notched revenue of $2.51 billion. The eight analysts polled by S&P Capital IQ expected net sales of $2.49 billion on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $2.00 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.75. The 11 earnings estimates compiled by S&P Capital IQ averaged $0.66 per share. GAAP EPS of $1.68 for Q4 were 229% higher than the prior-year quarter's $0.51 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 44.6%, 60 basis points worse than the prior-year quarter. Operating margin was 26.1%, about the same as the prior-year quarter. Net margin was 24.5%, 80 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.48 billion. On the bottom line, the average EPS estimate is $0.63.
Next year's average estimate for revenue is $10.05 billion. The average EPS estimate is $2.56.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,475 members out of 1,529 rating the stock outperform, and 54 members rating it underperform. Among 443 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 426 give Kinder Morgan Energy Partners a green thumbs-up, and 17 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kinder Morgan Energy Partners is outperform, with an average price target of $89.58.
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