Investing.com – Kinder Morgan (NYSE:) reported on Wednesday third quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Kinder Morgan announced earnings per share of $0.21 on revenue of $2.92B. Analysts polled by Investing.com anticipated EPS of $0.2 on revenue of $2.94B.
Kinder Morgan shares are down 40.72% from the beginning of the year, still down 44.42% from its 52 week high of $22.58 set on February 20. They are under-performing the which is up 6.31% from the start of the year.
Kinder Morgan shares gained 1.35% in after-hours trade following the report.
Kinder Morgan follows other major Utilities sector earnings this month
Kinder Morgan’s report follows an earnings beat by NextEra Energy on Wednesday, who reported EPS of $2.66 on revenue of $4.79B, compared to forecasts EPS of $2.62 on revenue of $5.46B.
Avangrid Inc had missed expectations on Tuesday with third quarter EPS of $0.32 on revenue of $1.47B, compared to forecast for EPS of $0.41 on revenue of $1.52B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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