Investing.com - Kinder Morgan (NYSE:KMI) reported on Wednesday second quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Kinder Morgan announced earnings per share of $0.17 on revenue of $2.56B. Analysts polled by Investing.com anticipated EPS of $0.17 on revenue of $2.89B.
Kinder Morgan shares are down 29.76% from the beginning of the year and are trading at $14.75 , down-from-52-week-high.They are under-performing the S&P 500 which is up 1.4% from the start of the year.
Kinder Morgan shares lost 0.81% in after-hours trade following the report.
Kinder Morgan follows other major Utilities sector earnings this month
Kinder Morgan's report follows an earnings missed by Avangrid Inc on Tuesday, who reported EPS of $0.32 on revenue of $1.39B, compared to forecasts EPS of $0.34 on revenue of $1.46B.
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