Movement Alert|Kinder Morgan Falls 3.06% in Regular Trading, Full-Year EPS Guidance Significantly Below Market Consensus

Market Focus07-27

On July 27, Kinder Morgan fell 3.06% in regular trading, trading at $31.83/share, with turnover of $82.15 million. The decline reflects continued market pressure following the company's Q2 earnings release on July 22.

While Kinder Morgan reported Q2 adjusted EPS of $0.37, beating the analyst consensus of $0.32, and revenue of $4.48 billion exceeding the $4.22 billion estimate, the company reiterated its full-year adjusted EPS guidance of $1.36. This figure falls 7.5% below the FactSet analyst consensus of $1.47, creating a significant gap that has weighed on sentiment. Although the company noted its adjusted EBITDA is expected to exceed internal budget by over 5% and adjusted EPS by over 12%, the market consensus has already moved well above those internal targets.

Within the Oil & Gas Storage & Transportation sector, broad weakness prevailed. Among peers, Targa Resources fell 4.46%, Cheniere declined 3.83%, Williams dropped 3.81%, ONEOK lost 2.81%, and Energy Transfer LP slid 1.84%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment