Kinder Morgan Shares Up After Conference Call; Analyst Said Management Tone 'OK' Despite Tough Macro Environment
Kinder Morgan Inc (NYSE: KMI) shares are volatile on Wednesday after the company reported earnings and revenue below expectations.
In a note to Benzinga, Pointe Capital's Jim Carroll said excluding one-time items, were as expected. An impairment charge that nearly "everyone" in the energy space is taking amid a low oil environment resulted in the loss, but Carroll said it's a one-time non-cash charge.
When listening to the conference call, Carroll said management's tone seemed "ok," despite the recent decline in oil prices.
Kinder Morgan shares are up 2.2 percent in the day's after-market session after falling 4.3 percent on the day.
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