Kinder Morgan (NYSE: KMI) reported earnings on April 18. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Kinder Morgan whiffed on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted and GAAP earnings per share dropped significantly.

Gross margins improved, operating margins increased, and net margins contracted.

Revenue details
Kinder Morgan booked revenue of $1.86 billion. The five analysts polled by S&P Capital IQ expected a top line of $2.34 billion on the same basis. GAAP reported sales were 7.5% lower than the prior-year quarter's $2.01 billion.

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

EPS details
Non-GAAP EPS came in at $0.56. The seven earnings estimates compiled by S&P Capital IQ averaged $0.31 per share on the same basis. GAAP EPS of $0.03 for Q1 were 86% lower than the prior-year quarter's $0.22 per share.

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

Margin details
For the quarter, gross margin was 52.3%, 830 basis points better than the prior-year quarter. Operating margin was 27.9%, 1,040 basis points better than the prior-year quarter. Net margin was 1.1%, 660 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $2.45 billion. On the bottom line, the average EPS estimate is $0.27.

Next year's average estimate for revenue is $10.60 billion. The average EPS estimate is $1.25.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 148 members out of 150 rating the stock outperform, and two members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Kinder Morgan a green thumbs-up.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kinder Morgan is hold, with an average price target of $36.

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