Kinder Morgan’s Revenue Looks Rough
A company’s revenue can be very telling of the state of that company. Additionally, often investors will base their investment choices on a company’s revenue. How do you tell if their revenue is good? Kinder Morgan is a good stock to look at to understand these things. Seth Jayson explains why Kinder Morgan’s revenues aren’t are nice as they seem.
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
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.
The numbers always speak for themselves. In this case, they most definitely do! Use Kinder Morgan as a lesson learned, and probably reconsider investing in it.
Quotes taken from report by Seth Jayson, Read the entire article here.
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