On Oct. 18, Kinder Morgan (NYSE:KMI) released Q3 earnings for the period ended Sept. 30, 2006.

  • Revenues and earnings per share beat analyst estimates.
  • Many of the large increases are due to the addition of Kinder Morgan Energy Partners in the consolidated results.
  • Net profit has increased by 32% to $144 million, thanks to rise in the revenues.
  • EPS rose by 16.5% to $1.06, on account of higher net profits.

(Figures in millions, except per-share data)

Income Statement Highlights

Avg. Est.

Q3 2006

Q3 2005

Change

Sales

$816

$2,828

$247

1046.3%

Net Profit*

--

$144

$109

32.2%

EPS

$0.93

$1.06

$0.91

16.5%

Diluted Shares

--

135

124

9.2%

*Net Profit does not include income from discontinued operations.

Get back to basics with a look at the income statement.

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

39.59%

66.64%

(25.62)

Operating Margin

16.32%

33.56%

(17.24)

Net Margin

5.10%

44.22%

(39.12)

*Expressed in percentage points

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2006

Q3 2005

Change

Cash + ST Invest.

$110

$11

903.1%

Current Assets Less Cash

$2366

$584

305.1%


Liabilities

Q3 2006

Q3 2005

Change

Current Liabilities

$4165

$680

512.7%

Long-Term Debt

$11,372

$2,849

299.2%



Learn the ways of the balance sheet.

Cash Flow Highlights*

YTD 2006

YTD 2005

Change

Cash From Ops.

$1153

$201

473%

Sustaining Capital Expenditures

$125

$61

104.9%

Adjusted Free Cash Flow

$1028

$140

634.3%

*Compay data from bottom of press release

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Related Companies:

  • Equitable Resources (NYSE:EQT)
  • Southwestern Gas (NYSE:SWX)
  • Chesapeake Utilities (NYSE:CPK)
  • RGC Resources (NYSE:RGCO)

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