Kinder Morgan (KMI) Records Double-Digit Sales Growth
NEW YORK (TheStreet) -- Kinder Morgan
The energy transportation company recorded net income of 28 cents a share, a nickel lower than analysts surveyed by Thomson Reuters had expected.
Revenue of $4.04 billion was 32% higher year over year and beat estimates by around $180 million.
Shares are unchanged at $33.31 after the bell.
TheStreet Ratings team rates KINDER MORGAN INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate KINDER MORGAN INC (KMI) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
- You can view the full analysis from the report here: KMI Ratings Report