KMI Reports 4Q16 and FY16 Results Roughly In Line; Charting Course for Earnings Growth Restart
Kinder Morgan reported fourth-quarter and full-year 2016 results that were roughly in line with expectations even as its system natural gas volumes underwhelmed. The company’s 2016 revenue of $13.06 billion was slightly below consensus estimates of $13.2 billion. However, adjusted EBITDA for the year was $7.25 billion, matching consensus expectations of $7.25 billion and consistent with management guidance. An area of disappointment, lower natural gas transport volumes in the quarter (down 2% ye...Kinder Morgan is an energy infrastructure company. The company's segments are: Natural Gas Pipelines, which includes the ownership and operation of, among others, main interstate and intrastate natural gas pipeline and storage systems; Products Pipelines, which includes the refined petroleum products, crude oil and condensate pipelines; Terminals, which includes the ownership and/or operation of, among others, liquids and bulk terminal facilities; and carbon dioxide (CO2), which includes the production, transportation and marketing of CO2, ownership interests in and/or operation of oil fields and gasoline processing plants in West Texas.
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