Kinder Morgan Shares Down 2% Following Q1 Earnings Results
<p><a href='https://financialmodelingprep.com/financial-summary/KMI'>Kinder Morgan (NYSE:KMI)</a> shares are trading more than 2% lower intra-day today after the company reported its Q1 earnings results, with revenue of $3.89 billion coming in worse than the Street estimate of $4.67 billion. EPS was $0.30, better than the Street estimate of $0.29. </p>
<p>Adjusted EBITDA of $1.996 billion came in above the Street estimate of $1.950 billion.</p>
<p>Operational outperformance (mostly in the natural gas and terminals) has offset commodity prices that are running below the company’s budgeted levels. Consequently, the company maintained its budgeted 2023 guidance. </p>

NYSE:KMI