Kinder Morgan Energy Partners L.P Tops Estimates, Still Reports Loss

Kinder Morgan Energy Partners L.P (NYSE: KMP) posted a decrease in net income in the most recent quarter. To figure out why, investors might review the company's industry, financials, and commentary.

Earnings and Revenue:
Kinder Morgan Energy Partners L.P posted a loss of 25 cents/share and revenues of $2.2 billion. Analysts were expecting a loss of 47 cents/share and revenues of $2.31 billion. EPS fell from 17 cents/share in the year-ago quarter while revenue climbed 6.6% from the same period last year. Revenue climbed 6.6% from the same period last year.
This marks the second quarter in a row that the company's net income has fallen after profits tumbled 36.2% in the second quarter. Revenue rose for a second quarter in a row as Kinder Morgan Energy Partners L.P's sales grew 2.9% to $2.02 billion in the second quarter as well.

Income:
For the year, Kinder Morgan Energy Partners L.P reported net income of 95 cents/share. The company fell short of analysts' projections of $1.66/share. According to the reported number, the company's income fell 33.1% from last year's levels.

Conference Call:
The conference call for third quarter earnings can be accessed here.

Official Comment:
Chairman and CEO Richard D. Kinder said, "There are exceptional growth opportunities in the midstream energy sector, particularly in the natural gas shale plays and in the coal export business. With our large footprint of assets in North America KMP is well positioned for future growth."

Industry:
The oil/gas production pipeline company's industry is currently enjoying price/earnings growth of 5.2%. With its recently reported EPS, the company is trailing the industry's estimate average by 112.2%.

What to Do Next:
Now you're all set to decide what to do with those Kinder Morgan Energy Partners L.P shares until the next earnings announcement. Whether you buy, sell, or hold, check back with us before the company's next earnings release for a full preview.

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