Pipeline operator Kinder Morgan misses estimates for fourth-quarter profit
ReutersJan 22, 2025 9:07 PM
Jan 22 (Reuters) - Kinder Morgan KMI.N 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.
(Reporting by Vallari Srivastava in Bengaluru; Editing by Alan Barona)
((Srivastava.Vallari@thomsonreuters.com))
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