Pipeline operator Kinder Morgan misses estimates for fourth-quarter profit
by Reuters Jan 22, 2025
Kinder Morgan fell short of Wall Street's expectations on Wednesday after the U.S. pipeline and terminal operator was hurt by lower crude and condesate transported through its pipelines.
The Houston, Texas-based firm posted an adjusted profit of 32 cents per share for the three months ended Dec. 31, compared with analysts' estimates of 33 cents per share, according to data compiled by LSEG.
Reuters
Similar Stories
Metered electricity demand in the New York ISO falls midday because of small-scale solar
View Article
U.S. commercial crude oil inventories have decreased in June
View Article
Fuel cell investment by data centers set to grow tenfold, reaching $30 billion by 2030
View Article
Two monopile handling innovations boost Baltic Power offshore wind farm
View ArticleThe Danish Maritime and Commercial High Court rules in favor of Ørsted in cases concerning the former Elsam
Today, the Danish Maritime and Commercial High Court has delivered its judgement in favour of Ørsted in six cases, where the plaintiffs have claimed damages totalling up to DKK 416…
View Article
Middle East oil supply predicted to recover by end of ‘26, faster than expected – Rystad Energy oil market note
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
