Kinder Morgan (NYSE: KMI) reported earnings on Jan. 16. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Kinder Morgan beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share increased significantly.
Margins grew across the board.
Revenue details
Kinder Morgan reported revenue of $3.08 billion. The five analysts polled by S&P Capital IQ foresaw revenue of $3.02 billion on the same basis. GAAP reported sales were 53% higher than the prior-year quarter's $2.02 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.33. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.35 per share. GAAP EPS of $0.34 for Q4 were 240% higher than the prior-year quarter's $0.10 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.)
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 51.2%, 570 basis points better than the prior-year quarter. Operating margin was 31.6%, 330 basis points better than the prior-year quarter. Net margin was 11.3%, 360 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $2.93 billion. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $11.90 billion. The average EPS estimate is $1.37.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 414 members out of 417 rating the stock outperform, and three members rating it underperform. Among 134 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 134 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 $40.38.
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