LONDON, April 30, 2015 /PRNewswire/ --
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Investor-Edge.com has issued free post-earnings research on Kinder Morgan Inc. (NYSE: KMI). On April 15, 2015, the company reported its financial results for Q1 FY15 (period ended March 31, 2015). Click on http://get.Investor-Edge.com/pdf/?c=Kinder%20Morgan&d=30-Apr-2015&s=KMI to read our free earnings review on Kinder Morgan Inc. (KMI). During Q1 FY15, the company's revenues and operating income were $3.60 billion and $1.12 billion, respectively. Chairman and CEO of KMI, Richard D. Kinder, stated that the company's Q1 FY15 performance demonstrated once again that its large diversified portfolio of mostly fee-based assets can produce good results even in tumultuous market conditions. Our free coverage report can be accessed at:
During Q1 FY15, KMI's revenues declined $450 million from $4.05 billion in Q1 FY14. The company's Q1 FY15 revenues missed Bloomberg analysts' forecast of $4.55 billion. Further, KMI's total Segment earnings before depreciation and amortization (EBDA) for Q1 FY15 came in at $1.90 billion compared to $1.91 billion in Q1 FY14. Free research on KMI can be downloaded in PDF format at:
For Q1 FY15, KMI's Natural Gas Pipelines business reported segment earnings before Depreciation, depletion and Amortization (DD&A) and certain items of $1.09 billion, up 1% from $1.08 billion in Q1 FY14. The CO2 business produced Q1 FY15 segment earnings before DD&A and certain items of $281 million, down from $366 million in Q1 FY14. The company's Products Pipelines business segment earnings before DD&A and certain items was $245 million in Q1 FY15, up 20% from $204 million for Q1 FY14. KMI's Terminals Q1 FY15 segment earnings before DD&A and certain items were $264 million, up 16% from $228 million in Q1 FY14. Furthermore, KMI's Canada segment reported earnings before DD&A and certain items of $41 million in Q1 FY15 compared to $48 million in Q1 FY14.
During Q1 FY15, KMI's operating income fell by $32 million from $1.15 billion in Q1 FY14. The company's Q1 FY15 income before income taxes decreased to $703 million from $801 million in Q1 FY14. Further, net income attributable to KMI surged to $469 million, or $0.22 per diluted share, in Q1 FY15 from $287 million, or $0.28 per diluted share, in Q1 FY14. For Q1 FY15, analysts from Bloomberg had expected net income attributable to KMI of $456 million, or $0.22 per diluted share. Sign up and read the free analyst's notes on KMI at:
KMI closed its acquisition of Hiland Partners on February 13, 2015 for a total purchase price of approximately $3.1 billion, including the assumption of approximately $1 billion of debt (net of approximately $0.3 billion paid down immediately upon closing).
On April 15, 2015, KMI's board of directors approved a 14% Y-o-Y hike for its quarterly cash dividend to $0.48 ($1.92 annualized) payable on May 15, 2015, to shareholders of record as of the close of business on April 30, 2015.
In its FY15 outlook, KMI expects to declare dividends of $2.00 per share for FY15, an approximate increase of 15% over FY14 declared dividend of $1.74 per share. Visit Investor-Edge and access the latest research on KMI at:
On the day following the earnings release, April 16, 2015, KMI's stock edged 0.58% higher to end the session at $43.68. Since then, the stock has moved both ways. On the last close, Wednesday, April 29, 2015, the company's stock finished at $43.07, down 0.30%. The stock vacillated between $42.77 and $43.22 during the trading session. A total of 9.97 million shares were traded which was above their three months average volume of 9.69 million shares. Over the last one month and the past three months, the company's shares have gained 4.36% and 5.80%, respectively. Further, the stock has advanced 1.80% on a YTD basis. Shares in KMI are trading above their 50-day and 200-day moving averages of $41.96 and $40.06, respectively. Additionally, the stock traded at a PE ratio of 48.36 and has a Relative Strength Index (RSI) of 53.63.
Sneak Peek to Corporate Insider Trading
In the last one month, there were 3 insider transactions made by 2 individuals. Between April 20, 2015 and April 23, 2015, a total of 1.02 million shares have been sold at an average price of $43.71 per share and for a total value of $44.48 million. The following are some of the transactions made during the aforementioned period: Director at Kinder Morgan, C. Park Shaper, disposed 1.00 million shares at an average price of $43.70 per share; and President of Terminals at Kinder Morgan, John W. Schlosser, sold 17,566 shares at an average price of $44.48 per share. Complimentary in-depth research on KMI is available at:
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