Kinder Morgan Energy Partners Whiffs on Revenues
Kinder Morgan Energy Partners (NYS: KMP) reported earnings on Jan. 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Kinder Morgan Energy Partners whiffed on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue increased, and earnings per share expanded significantly.
Margins increased across the board.
Kinder Morgan Energy Partners reported revenue of $2.0 billion. The five analysts polled by S&P Capital IQ expected to see a top line of $2.4 billion. Sales were 4.0% higher than the prior-year quarter's $1.9 billion
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.55. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.62 per share on the same basis. GAAP EPS of $0.51 for Q4 were 21% higher than the prior-year quarter's $0.42 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 45.2%, 200 basis points better than the prior-year quarter. Operating margin was 26.1%, 160 basis points better than the prior-year quarter. Net margin was 23.7%, 250 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.4 billion. On the bottom line, the average EPS estimate is $0.60.
Next year's average estimate for revenue is $9.7 billion. The average EPS estimate is $2.22.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,356 members out of 1,408 rating the stock outperform, and 52 members rating it underperform. Among 448 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 430 give Kinder Morgan Energy Partners a green thumbs-up, and 18 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kinder Morgan Energy Partners is hold, with an average price target of $75.20.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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