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Kinder Morgan: What to Expect from Its Q4 Earnings

Ruth King
Kinder Morgan: What to Expect from Its Q4 Earnings

Kinder Morgan Is Expected to Report Higher Q4 Earnings ## Kinder Morgan’s Q4 results Kinder Morgan (KMI) is scheduled to report its fourth-quarter results on January 16. Analysts expect its fourth-quarter EPS to be $0.26 per share—a rise of 23% YoY (year-over-year) and an 18% sequential rise from Kinder Morgan’s EPS of $0.22 in the third quarter. Kinder Morgan beat its EPS estimates in five of the last nine quarters. Kinder Morgan missed the estimates in two quarters and met the estimates in the other two quarters. The above graph shows Kinder Morgan’s EPS estimates and adjusted EPS during the last nine quarters. Kinder Morgan expects to exceed its DCF (distributable cash flow) guidance of $4.57 billion for 2018. For 2019, Kinder Morgan expects 10% DCF growth compared to 2018. ## Commodity prices WTI crude oil prices averaged $60 per barrel in the fourth quarter—lower by an average of $10 per barrel compared to the third quarter. However, the prices were higher compared to an average of $55 per barrel in the same quarter the previous year. Henry Hub natural gas prices averaged $3.8 per MMBtu (million British thermal units) in the fourth quarter—compared to an average of $2.9 per MMBtu in the third quarter of 2018 and the fourth quarter of 2017. Stronger gas prices should have supported Kinder Morgan’s fourth-quarter earnings. Plains All American Pipeline (PAA) is scheduled to release its fourth-quarter results on February 5. ONEOK (OKE) is expected to report its results in the last week of February. Williams Companies (WMB) is expected to report its earnings around February 13. Kinder Morgan accounts for ~2.9% of the Energy Select Sector SPDR ETF (XLE)—an energy ETF representing the S&P 500 Index’s energy sector. Continue to Next Part Browse this series on Market Realist: * Part 2 - Kinder Morgan’s Q4 Revenues Are Expected to Rise * Part 3 - Natural Gas Pipelines Might Drive Kinder Morgan’s Growth * Part 4 - Will Kinder Morgan’s Fourth-Quarter Results Support Its Stock?

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