Kinder Morgan Inc. (NYSE: KMI) is scheduled to report its fourth-quarter financial results after the markets close on Wednesday. The consensus estimates call for $0.18 in earnings per share (EPS) on $3.90 billion in revenue. In the same period of the previous year, it posted EPS of $0.26 and $3.95 billion in revenue.
This is one of the most recommended stocks in its field, but it has been absolutely mauled over the past year and was one of the worst-performing pipeline stocks in the S&P 500.
Kinder Morgan has completed the acquisition of Kinder Morgan Energy Partners, Kinder Morgan Management and El Paso Pipeline Partners. The merger plan was comprised of $40 billion in parent-company equity, $4 billion in cash and $27 billion in assumed debt. It was a move some shareholders were opposed to, but one many on Wall Street saw as brilliant.
In an interview last summer, Richard Kinder, the respected leader of the company, said that mergers and acquisitions could still be in store as prices have become increasingly opportunistic. He said the company wouldn’t be making any foolish buys, but that tremendous opportunity could lie in Mexico in the pipeline system there, where the company already has one pipeline.
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