Kinder Morgan Reports Q4 Earnings Miss
HOUSTON (AP) - Kinder Morgan Inc. (KMI) reported fourth-quarter net income of $667 million. Earnings per share were 30 cents, while adjusted earnings per share were 32 cents. This missed Wall Street expectations, with analysts estimating 33 cents per share.
Revenue for the quarter was $3.99 billion. For the full year, Kinder Morgan reported profit of $2.61 billion ($1.17 per share) on revenue of $15.1 billion.
The company expects full-year 2023 earnings of $1.27 per share.