Kinder Morgan, Inc. (NYSE:KMI) is included among the 10 Energy Stocks that Crushed Earnings Estimates in the First Quarter.
Kinder Morgan, Inc. (NYSE:KMI) is one of the largest energy infrastructure companies in North America
The company has an interest in or operates approximately 78,000 miles of pipelines and 136 terminals. Kinder Morgan, Inc. (NYSE:KMI) posted a solid performance in its Q1 report on April 22. The company grew its adjusted EPS by 41% YoY to $0.48 and topped expectations by $0.09, helped by the increased US natural gas demand due to the Middle East conflict and data center expansion.
Adjusted EBITDA for the quarter surged by 18% YoY to over $2.5 billion, while revenue also increased by almost 14% YoY to $4.83 billion and beat estimates by $280 million. Kinder Morgan, Inc. (NYSE:KMI) moved about 49,475 billion Btu of natural gas a day during the first quarter, up from 45,978 billion Btu a day in the year-ago period. However, the company’s total product volumes, including refined fuels such as jet fuel and diesel, fell to 1,965 thousand bpd from 2,047 thousand barrels a day a year earlier.