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% |
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) |
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% |
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