Kinder Morgan 3rd-Quarter Earnings: Stock Down In Afterhours

Kinder Morgan (KMI – Analyst Report) is the Houston headquartered energy company that provides energy products like natural gas, refined petroleum products, crude oil, ethanol, coal and carbon dioxide (CO2). The Company operates: natural gas pipelines in the Rocky Mountains, the Midwest and Texas; refined petroleum products pipeline in North America; terminals for the storage of petroleum products and chemicals and CO2 pipelines and oil producing fields.

Currently, Kinder Morgan has a Zacks Rank #4 (Sell) and is subject to change following the release of the company's latest earnings report. We have highlighted some of the key statistics from this just announced report below:

Earnings: Kinder Morgan just beat out our consensus earnings predication of $0.18 for the quarter, listing a $0.19 EPS for Q3. That is a surprise percentage change of 5.55% for the company.

Revenues: Kinder Morgan's revenues missed on our consensus estimate. The company posted $3.71 billion in revenues, compared to our $3.776 billion estimate.

Key Statistic to Note: With earnings being adjusted for asset impairment costs, the EPS figure for Kinder Morgan is $0.08.

Important Tidbit: Kinder Morgan shares have fallen 26% since the beginning of the year, while the Standard & Poor's 500 index has decreased roughly 2%.

Stock Price: Kinder Morgan stock closed today at $31.41 and is currently down about 6% in afterhours trading.

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