Kinder Morgan: Q3 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — Kinder Morgan Inc. (KMI) on Wednesday reported third-quarter net income of $764 million.

The Houston-based company said it had profit of 34 cents per share. Earnings, adjusted for non-recurring costs, came to 35 cents per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The oil and natural gas pipeline and storage company posted revenue of $4.53 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $4.38 billion.

Kinder Morgan expects full-year earnings to be $1.36 per share, with revenue expected to be $3.1 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KMI at https://www.zacks.com/ap/KMI