Stock Data
$0.44 (1.41%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
ENERGY
Industry
OIL & GAS MIDSTREAM
Kinder Morgan Inc is a major player in North America's energy infrastructure, with a vast network that includes about 82,000 miles of pipelines and 139 terminals. The company focuses on transporting and storing a variety of energy products, such as natural gas, refined petroleum, crude oil, and CO2. It also plays a role in the production and marketing of CO2 for oil recovery, and operates facilities for renewable fuels. Headquartered in Houston, Texas, Kinder Morgan is a key facilitator in the energy sector's supply chain.
Kinder Morgan crushed Q2 earnings with a 18% EPS beat as surging LNG exports and power generation demand drove a 12% jump in natural gas pipeline EBITDA. The company raised its full-year Adjusted EPS guidance by more than 12%, now expecting to exceed original targets, while placing $660 million in expansion projects into service including critical Permian Basin takeaway capacity.
Kinder Morgan reports Q2 earnings after the bell with Permian Basin infrastructure demand and natural gas transport volumes in focus for investors sizing up the midstream giant's growth trajectory.
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