Kinder Morgan (KMI) Is Making Moves: What Should You Know?

It’s obvious that if something is in demand, then prices for it will be growing as happened with natural gas in the first half of 2021. Kinder Morgan has used this situation and made significant revenue from it. Almost 68% of the company’s revenue was delivered from the natural gas pipelines segment. Moreover, it’s expected that natural gas demand will increase by 14%, which is good news for the natural gas-focused company Kinder Morgan.

Furthermore, the company is expected to show increased results in the third-quarter report. The revenues of the company are expected to be $3.21 billion, which is a 10% increase from the last year’s result while the quarterly earnings are anticipated to be $0.23 per share. For the last quarter report, the company was expected to post earnings of $0.19 when the actual earnings were $0.23, which is beating the expectation by 21.05%.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.