Investing.com - Kinder Morgan (NYSE:KMI) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kinder Morgan announced earnings per share of $0.23 on revenue of $3.15B. Analysts polled by Investing.com anticipated EPS of $0.1892 on revenue of $2.88B.
Kinder Morgan shares are up 20% from the beginning of the year and are trading at $17.42 , down-from-52-week-high.They are outperforming the S&P 500 which is up 16.05% from the start of the year.
Kinder Morgan shares lost 2.35% in after-hours trade the report.
Kinder Morgan follows other major Utilities sector earnings this month
Kinder Morgan's report follows an earnings missed by Avangrid Inc on Wednesday, who reported EPS of $0.35 on revenue of $1.48B, compared to forecasts EPS of $0.3967 on revenue of $1.51B.
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