Kinder Morgan Energy Partners (NYSE: KMP) is expected to report Q2 earnings around July 16. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Kinder Morgan Energy Partners's revenues will expand 45.0% and EPS will grow 64.9%.

The average estimate for revenue is $2.68 billion. On the bottom line, the average EPS estimate is $0.61.

Revenue details
Last quarter, Kinder Morgan Energy Partners booked revenue of $2.66 billion. GAAP reported sales were 44% higher than the prior-year quarter's $1.85 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.66. GAAP EPS were $0.97 for Q1 against -$0.34 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 49.6%, 250 basis points worse than the prior-year quarter. Operating margin was 29.5%, 110 basis points worse than the prior-year quarter. Net margin was 29.4%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $10.82 billion. The average EPS estimate is $2.67.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,508 members out of 1,561 rating the stock outperform, and 53 members rating it underperform. Among 394 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 381 give Kinder Morgan Energy Partners a green thumbs-up, and 13 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 hold, with an average price target of $90.36.

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