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.)
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