FX.co ★ Kinder Morgan, Inc. Q2 Profit Misses Estimates

Kinder Morgan, Inc. (KMI) reported its second-quarter profits, falling short of Wall Street expectations.

The company posted earnings of $575 million, or $0.26 per share, compared to $586 million, or $0.26 per share, in the same period last year.

Excluding special items, Kinder Morgan's adjusted earnings were $548 million, or $0.25 per share for the quarter.

Analysts, as surveyed by Thomson Reuters, had anticipated earnings of $0.26 per share on average, excluding special items.

Revenue for the quarter increased by 2.0% to $3.57 billion, up from $3.50 billion the previous year.

Highlights of Kinder Morgan, Inc.'s earnings (GAAP) for Q2:

- Earnings: $575 million vs. $586 million in the prior year.

- EPS: $0.26 vs. $0.26 last year.

- Revenue: $3.57 billion vs. $3.50 billion last year.