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What To Expect From Kinder Morgan’s (KMI) Q1 Earnings

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Energy infrastructure company Kinder Morgan (NYSE: KMI) will be announcing earnings results this Wednesday after market hours. Here’s what you need to know.

Kinder Morgan beat analysts’ revenue expectations last quarter, reporting revenues of $4.51 billion, up 13.1% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a decent beat of analysts’ EBITDA estimates.

Is Kinder Morgan a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Kinder Morgan’s revenue to grow 9.9% year on year, in line with the 10.4% increase it recorded in the same quarter last year.

Kinder Morgan Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Kinder Morgan has missed Wall Street’s revenue estimates multiple times over the last two years.

With Kinder Morgan being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for upstream & integrated stocks. However, the whole sector has faced a sell-off over the last month with stocks in Kinder Morgan’s peer group down 3.6% on average. Kinder Morgan is down 4.9% during the same time .

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