Stocks Midday movers: DR Horton, Kinder Morgan rise ; Domino''s Pizza, Beyond Meat fall
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https://bankb.it/midday-movers-dr-horton-kinder-morgan-rise-domino-s-pizza-beyond-meat-fall-15133.html
What is Kinder Morgan Inc.?
Kinder Morgan Inc. (KMI) is a leading energy infrastructure company in North America, operating natural gas and petroleum pipelines. Today, KMI experienced a strong bullish movement in the stock market.
Why is Kinder Morgan Inc. going up?
KMI stock is up 2.6% on Jul 19, 2024 14:37
- KMI reported second-quarter earnings that were in line with expectations, showcasing a rise in revenues year over year.
- Despite operational challenges, KMI demonstrated solid performance in Q2, with improved financial contributions from key segments.
- The positive financial outlook for KMI was supported by higher rates on existing assets, contributions from new capital projects, and increased utilization at key facilities.
- The bullish movement in KMI's stock price could be attributed to the market's optimism surrounding the company's ability to navigate challenges and deliver strong financial results.
KMI Price Chart
KMI News
Kinder Morgan Q2: Earnings Miss, Higher Project Backlog & More
Kinder Morgan, Inc. (NYSE: KMI ) reported second-quarter FY24 revenue of $3.57 billion, missing the consensus of $4.12 billion . Natural Gas Pipelines segment saw improved financial performance Y/Y, driven by higher contributions from the Texas Intrastate system and the STX Midstream acquisition. Also, contributions from the Products Pipelines segment increased Y/Y, aided by higher rates on existing assets and contributions from new capital projects. In the second quarter, earnings in the Terminals business segment exceeded Y/Y, led by new expansion projects coming online and increased rates and utilization at their New York Harbor hub facilities in liquids terminals. CO2 business segment earnings, excluding the gain from a divestiture, were down due to lower crude volumes, CO2 sales, and NGL volumes, down 13%, … Full story available on Benzinga.com
https://www.benzinga.com/news/earnings/24/07/39842167/kinder-morgan-q2-earnings-miss-higher-project-backlog-more
Kinder Morgan ( KMI ) Q2 Earnings In Line, Revenues Rise Y/Y
Kinder Morgan's (KMI) Q2 earnings benefit from increased financial contributions from key segments, partially offset by higher costs and expenses.
https://www.zacks.com/stock/news/2304595/kinder-morgan-kmi-q2-earnings-in-line-revenues-rise-yy
Kinder Morgan Inc (KMI) Q2 2024 Earnings Call Transcript Highlights: Solid Performance Amid ...
Kinder Morgan Inc (KMI) Q2 2024 Earnings Call Transcript Highlights: Solid Performance Amid Operational Challenges
https://www.gurufocus.com/news/2475759/kinder-morgan-inc-kmi-q2-2024-earnings-call-transcript-highlights-solid-performance-amid-operational-challenges
Q2 2024 Kinder Morgan Inc Earnings Call Transcript
Q2 2024 Kinder Morgan Inc Earnings Call Transcript
https://www.gurufocus.com/news/2475715/q2-2024-kinder-morgan-inc-earnings-call-transcript
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Kinder Morgan Inc. Price History
18.06.2024 - KMI Stock was up 4.0%
- Despite missing EPS and revenue estimates for Q2 2024, Kinder Morgan's stock saw a strong bullish movement.
- The market likely reacted positively to Kinder Morgan's solid overall performance amid operational challenges highlighted in the earnings call.
- Investors may be optimistic about the company's future outlook despite the missed estimates, leading to the bullish market movement.
- The broader market sentiment, possibly influenced by the anticipation of a Republican tsunami in November, could have also contributed to the bullish trend in Kinder Morgan's stock.
19.06.2024 - KMI Stock was up 2.6%
- KMI reported second-quarter earnings that were in line with expectations, showcasing a rise in revenues year over year.
- Despite operational challenges, KMI demonstrated solid performance in Q2, with improved financial contributions from key segments.
- The positive financial outlook for KMI was supported by higher rates on existing assets, contributions from new capital projects, and increased utilization at key facilities.
- The bullish movement in KMI's stock price could be attributed to the market's optimism surrounding the company's ability to navigate challenges and deliver strong financial results.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.
