Kinder Morgan, Inc. Q4 Profit Increases, But Misses Estimates

Kinder Morgan

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(RTTNews) - Kinder Morgan, Inc. (KMI) reported a profit for its fourth quarter that increased from last year but missed the Street estimates.

The company's earnings came in at $667 million, or $0.30 per share. This compares with $594 million, or $0.27 per share, last year.

Excluding items, Kinder Morgan, Inc. reported adjusted earnings of $0.32 per share for the period.

Analysts on average had expected the company to earn $0.33 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 1.3% to $3.987 billion from $4.038 billion last year.

Kinder Morgan, Inc. earnings at a glance (GAAP) :

-Earnings: $667 Mln. vs. $594 Mln. last year. -EPS: $0.30 vs. $0.27 last year. -Revenue: $3.987 Bln vs. $4.038 Bln last year.