Kinder Morgan Cuts 2024 Earnings Guidance on Lower Oil Prices

Barchart · 10/17 04:06
U.S. pipeline operator Kinder Morgan (NYSE: KMI) has revised down its earnings guidance for this year amid a decline in oil prices and oil product volumes. The company reported late on Wednesday adjusted earnings per share (EPS) of $0.25 for the third quarter, flat compared to the third quarter of 2023, and slightly missing the average expectation of $0.27 EPS, according to estimates compiled by LSEG.         Citing lower-than-budgeted commodity prices and start-up delays on its renewable natural gas (RNG)…