Investing.com - Kinder Morgan (NYSE:KMI) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Kinder Morgan announced earnings per share of $0.24 on revenue of $3.11B. Analysts polled by Investing.com anticipated EPS of $0.25 on revenue of $3.43B. That with comparison to EPS of $0.25 on revenue of $3.43B in the same period a year before. Kinder Morgan had reported EPS of $0.26 on revenue of $3.35B in the previous quarter. Analysts are expecting EPS of $0.2 and revenue of $3.07B in the upcoming quarter.
Kinder Morgan shares are down 14% from the beginning of the year , still down 35.25% from its 52 week high of $22.58 set on February 20. They are under-performing the Nasdaq which is down 6.02% year to date.
Kinder Morgan follows other major Utilities sector earnings this month
Kinder Morgan's report follows an earnings beat by NextEra Energy on Wednesday, who reported EPS of $2.38 on revenue of $4.61B, compared to forecasts EPS of $2.16 on revenue of $4.62B.
Sabesp ADR had beat expectations on March 27 with first quarter EPS of $0.39 on revenue of $783.2M, compared to forecast for EPS of $0.22 on revenue of $874.03M.
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