Kinder Morgan, Inc. (KMI) reported its second-quarter profits, falling short of Wall Street expectations.
The company posted earnings of $575 million, or $0.26 per share, compared to $586 million, or $0.26 per share, in the same period last year.
Excluding special items, Kinder Morgan's adjusted earnings were $548 million, or $0.25 per share for the quarter.
Analysts, as surveyed by Thomson Reuters, had anticipated earnings of $0.26 per share on average, excluding special items.
Revenue for the quarter increased by 2.0% to $3.57 billion, up from $3.50 billion the previous year.
Highlights of Kinder Morgan, Inc.'s earnings (GAAP) for Q2:
- Earnings: $575 million vs. $586 million in the prior year.
- EPS: $0.26 vs. $0.26 last year.
- Revenue: $3.57 billion vs. $3.50 billion last year.
