Kinder Morgan (NYSE: KMI ) reported earnings on July 17. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Kinder Morgan beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. GAAP earnings per share grew.
Gross margins dropped, operating margins contracted, net margins increased.
Kinder Morgan notched revenue of $3.38 billion. The four analysts polled by S&P Capital IQ hoped for revenue of $3.29 billion on the same basis. GAAP reported sales were 56% higher than the prior-year quarter's $2.17 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 $0.27. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.33 per share. GAAP EPS were $0.27 for Q2 compared to -$0.44 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 43.9%, 880 basis points worse than the prior-year quarter. Operating margin was 22.9%, 550 basis points worse than the prior-year quarter. Net margin was 8.2%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $3.36 billion. On the bottom line, the average EPS estimate is $0.32.
Next year's average estimate for revenue is $13.20 billion. The average EPS estimate is $1.30.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 509 members out of 515 rating the stock outperform, and six members rating it underperform. Among 156 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 156 give Kinder Morgan a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kinder Morgan is outperform, with an average price target of $42.08.
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