Investing.com – Kinder Morgan (NYSE:) reported on Wednesday second quarter that beat analysts’ forecasts and revenue that topped expectations.
Kinder Morgan announced earnings per share of $0.23 on revenue of $3.15B. Analysts polled by Investing.com anticipated EPS of $0.1892 on revenue of $2.88B.
Kinder Morgan shares are up 20% from the beginning of the year, still down 7.52% from its 52 week high of $19.29 set on June 11. They are outperforming the S&P 500 which is up 16.05% from the start of the year.
Kinder Morgan shares lost 2.35% in after-hours trade following the report.
Kinder Morgan follows other major Utilities sector earnings this month
Kinder Morgan’s report follows an earnings missed by Avangrid Inc on Wednesday, who reported EPS of $0.35 on revenue of $1.48B, compared to forecasts EPS of $0.3967 on revenue of $1.51B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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