Movement Alert｜Kinder Morgan Intraday Decline 3.15% in Regular Trading, Full-Year EPS Guidance Overshadowed Q3 Beat

Market Focus10-22

On October 22, Kinder Morgan fell 3.15% in Regular Trading, trading at $32.8601/share, with turnover of $156 million.

The key catalyst was its latest quarterly report: third-quarter adjusted EPS was $0.35, above the $0.32 consensus, and revenue rose to $4.531 billion from $4.15 billion, also ahead of the $4.377 billion expectation. However, the company reiterated full-year adjusted EPS guidance of $1.36, below the $1.54 market estimate, signaling a more cautious outlook that appeared to outweigh the quarterly beat during the session.

Additional context came from a same-day analyst update that lifted the price target to $37 from $36, while the broader Oil & Gas Storage & Transportation group was also weak, with Williams falling 3.05% and Targa Resources falling 3.0%.

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