Kinder Morgan adjusted profit rises 4.1% By Reuters

October 20, 2021 admin Stock News 0

© Reuters. FILE PHOTO: The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020. REUTERS/Gary McWilliams/File Photo/File Photo

(Reuters) – Kinder Morgan Inc (NYSE:) reported a 4.1% jump in quarterly adjusted profit on Wednesday as demand for fuel bounced back from pandemic lows, boosting the pipeline operator’s volumes.

Adjusted profit rose to $505 million, or 22 cents per share, in the third quarter ended Sept. 30, from $485 million, or 21 cents per share, a year earlier.

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