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What's in the Offing for Kinder Morgan's (KMI) Q2 Earnings?
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Kinder Morgan, Inc. (KMI - Free Report) is set to report earnings for second-quarter 2022 on Jul 20, after the closing bell.
In the last reported quarter, Kinder Morgan’s adjusted earnings per share of 32 cents beat the Zacks Consensus Estimate of 27 cents, owing to higher refinery utilization rates and a rebound in fuel demand.
Kinder Morgan’s earnings beat the Zacks Consensus Estimate thrice and missed the same once in the trailing four quarters, with the average surprise being 8.8%. This is depicted in the graph below:
The Zacks Consensus Estimate for second-quarter earnings per share of 27 cents has witnessed two upward revisions over the past 60 days and no movement in the opposite direction. The estimated figure suggests a 17.4% improvement from the prior-year reported number.
The consensus estimate for second-quarter revenues of $4.3 billion indicates a 37.3% increase from the year-ago reported figure.
Factors to Consider
Being a leading North American midstream energy player, Kinder Morgan has the continent's largest natural gas transportation network. Its natural gas pipeline assets, spread across roughly 71,000 miles, are responsible for transporting approximately 40% of U.S. natural gas consumption and export volumes.
Being a transporter of 1.7 million barrels per day (MMB/D) of refined products through its pipeline network spreading across 6,800 miles, Kinder Morgan is the largest independent transporter of refined products in North America. It also has an operating interest in 141 terminals.
KMI is likely to have generated stable fee-based revenues from its diverse and vast network of midstream assets in the quarter.
Earnings Whispers
Our proven model does not indicate an earnings beat for Kinder Morgan this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you will see below.
Earnings ESP: KMI’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Kinder Morgan currently sports a Zacks Rank #1.
Stocks to Consider
Here are some firms that you may want to consider as these have the right combination of elements to post an earnings beat in the upcoming quarterly reports:
Schlumberger is scheduled to release second-quarter results on Jul 22. The Zacks Consensus Estimate for SLB’s earnings is pegged at 40 cents per share, suggesting an increase of 33.3% from the prior-year reported figure.
BP plc (BP - Free Report) has an Earnings ESP of +8.64% and a Zacks Rank of 1.
BP is scheduled to report second-quarter results on Aug 2. The Zacks Consensus Estimate for BP’s earnings is pegged at $2.00 per share, suggesting a significant increase from the prior-year reported figure.
Valero Energy Corporation (VLO - Free Report) has an Earnings ESP of +9.76% and a Zacks Rank #1.
Valero Energy is scheduled to release second-quarter earnings on Jul 28. The Zacks Consensus Estimate for Valero Energy’s earnings is pegged at $8.38 per share, suggesting a massive increase from the prior-year reported figure.
Image: Bigstock
What's in the Offing for Kinder Morgan's (KMI) Q2 Earnings?
Kinder Morgan, Inc. (KMI - Free Report) is set to report earnings for second-quarter 2022 on Jul 20, after the closing bell.
In the last reported quarter, Kinder Morgan’s adjusted earnings per share of 32 cents beat the Zacks Consensus Estimate of 27 cents, owing to higher refinery utilization rates and a rebound in fuel demand.
Kinder Morgan’s earnings beat the Zacks Consensus Estimate thrice and missed the same once in the trailing four quarters, with the average surprise being 8.8%. This is depicted in the graph below:
Kinder Morgan, Inc. Price and EPS Surprise
Kinder Morgan, Inc. price-eps-surprise | Kinder Morgan, Inc. Quote
Trend in Estimate Revision
The Zacks Consensus Estimate for second-quarter earnings per share of 27 cents has witnessed two upward revisions over the past 60 days and no movement in the opposite direction. The estimated figure suggests a 17.4% improvement from the prior-year reported number.
The consensus estimate for second-quarter revenues of $4.3 billion indicates a 37.3% increase from the year-ago reported figure.
Factors to Consider
Being a leading North American midstream energy player, Kinder Morgan has the continent's largest natural gas transportation network. Its natural gas pipeline assets, spread across roughly 71,000 miles, are responsible for transporting approximately 40% of U.S. natural gas consumption and export volumes.
Being a transporter of 1.7 million barrels per day (MMB/D) of refined products through its pipeline network spreading across 6,800 miles, Kinder Morgan is the largest independent transporter of refined products in North America. It also has an operating interest in 141 terminals.
KMI is likely to have generated stable fee-based revenues from its diverse and vast network of midstream assets in the quarter.
Earnings Whispers
Our proven model does not indicate an earnings beat for Kinder Morgan this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you will see below.
Earnings ESP: KMI’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Kinder Morgan currently sports a Zacks Rank #1.
Stocks to Consider
Here are some firms that you may want to consider as these have the right combination of elements to post an earnings beat in the upcoming quarterly reports:
Schlumberger Limited (SLB - Free Report) has an Earnings ESP of +2.10% and is a Zacks #2 Ranked player. You can see the complete list of today’s Zacks #1 Rank stocks here.
Schlumberger is scheduled to release second-quarter results on Jul 22. The Zacks Consensus Estimate for SLB’s earnings is pegged at 40 cents per share, suggesting an increase of 33.3% from the prior-year reported figure.
BP plc (BP - Free Report) has an Earnings ESP of +8.64% and a Zacks Rank of 1.
BP is scheduled to report second-quarter results on Aug 2. The Zacks Consensus Estimate for BP’s earnings is pegged at $2.00 per share, suggesting a significant increase from the prior-year reported figure.
Valero Energy Corporation (VLO - Free Report) has an Earnings ESP of +9.76% and a Zacks Rank #1.
Valero Energy is scheduled to release second-quarter earnings on Jul 28. The Zacks Consensus Estimate for Valero Energy’s earnings is pegged at $8.38 per share, suggesting a massive increase from the prior-year reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.