Kinder Morgan, Inc. (KMI) reported its fourth-quarter earnings, showing a year-over-year increase, although the results fell short of Wall Street expectations.
For the quarter, Kinder Morgan recorded a net profit of $667 million, or $0.30 per share, up from $594 million, or $0.27 per share, the previous year.
On an adjusted basis, which excludes special items, the company posted earnings of $0.32 per share for the quarter.
Analysts had forecasted an average earnings expectation of $0.33 per share, typically excluding one-time items.
In terms of revenue, the company experienced a 1.3% decrease, bringing in $3.987 billion compared to last year's $4.038 billion.
Summary of Kinder Morgan, Inc. earnings (GAAP):
- Earnings: Increased to $667 million from $594 million a year ago.
- Earnings Per Share (EPS): Rose to $0.30 from $0.27.
- Revenue: Declined to $3.987 billion from $4.038 billion.
