HOUSTON (AP) — HOUSTON (AP) — Kinder Morgan Inc. (KMI) on Wednesday reported first-quarter earnings of $746 million.
On a per-share basis, the Houston-based company said it had net income of 33 cents. Earnings, adjusted for non-recurring costs, came to 34 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.
The oil and natural gas pipeline and storage company posted revenue of $3.84 billion in the period.
Kinder Morgan expects full-year earnings to be $1.22 per share.
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