Natural Gas Pipelines Drove Kinder Morgan’s Earnings Growth
Kinder Morgan (KMI) reported its second-quarter results on July 18 after the markets closed. The company reported an EPS of -$0.08. The reported loss was driven by a non-cash impairment charge of $600 million related to certain gathering and processing assets in Oklahoma. Excluding the impact of certain one-off items, Kinder Morgan’s adjusted EPS was $0.21.