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What to Look for in Kinder Morgan’s 3Q17 Results

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What to Look for in Kinder Morgan’s 3Q17 Results PART 1 OF 7

Analysts Expect Kinder Morgan to Post Flat 3Q17 Earnings

EPS expected to be flat

Kinder Morgan (KMI) is expected to report its 3Q17 earnings on October 18, 2017. Analysts expect it to post EPS (earnings per share) of $0.15, which is the same as the company’s 3Q16 adjusted EPS. However, the 3Q17 expected EPS is 7% higher than its 2Q17 EPS. Kinder Morgan beat its EPS estimate in only three of the last ten quarters. It met estimates in two quarters while missed its EPS estimates in five out of the last ten quarters.

Analysts Expect Kinder Morgan to Post Flat 3Q17 Earnings

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The above graph shows KMI’s EPS estimates and adjusted EPS over the last ten quarters.

Earnings drivers

Lower Eagle Ford volumes may continue to hamper KMI’s Natural Gas Pipelines segment’s earnings in 3Q17. On the other hand, improved commodity prices compared to the year-ago quarter may positively impact its CO2 segment’s performance for the quarter. Expansion projects should contribute to the company’s earnings for the quarter.

In this series

In this series, we’ll discuss analysts’ expectations from Kinder Morgan’s 3Q17 earnings and what may drive earnings. We’ll also discuss key factors to watch in KMI’s 3Q17 earnings. The series focuses on KMI’s expected segmental performance and leverage as well.

For a more detailed analysis of Kinder Morgan and its operations, read Everything You Wanted to Know about Kinder Morgan.

Enterprise Products Partners (EPD) is expected to release its 3Q17 earnings on October 26, whereas ONEOK (OKE) is expected to release earnings for the quarter on October 31.

Let’s begin with estimates for KMI’s 3Q17 net income and possible drivers.

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