Will Kinder Morgan earnings top expectations again in Q2?

Kinder Morgan (NYSE:KMI) is scheduled to announce Q2 earnings on Wednesday, Jul. 20, after market close.

Consensus EPS estimate is $0.26 (+13% Y/Y) and consensus revenue estimate is $3.67B (+16.5% Y/Y).

Over the last 2 years, KMI has beaten EPS and revenue estimates 88% of the time.

Over the last 3 months, EPS estimates have seen 7 upward revisions and 2 downward. Revenue estimates have seen 4 upward revisions and 2 downward.

KMI stock was little changed after its Q1 adj. profit topped estimates. Profit and revenue fell Y/Y as Q1 2021 saw a big boost from storm Uri that raised demand for natural gas and electricity.

SA Quant rating on KMI is Hold as the stock scored poorly in terms of factor grades growth, momentum and valuation. This is in-line with average sell-side Hold rating. But SA Authors on average rate KMI Buy.

Recent news:

• KMI declared force majeures on natural gas supplies in Pennsylvania and Alabama after 2 fires at its Tennessee Gas Pipeline, Bloomberg reported.
• KMI CEO Steven Kean said dayrates for vessels that move oil and refined products between U.S. ports increased since the ban on Russian imports, Reuters reported.
• The FERC’s probe of wholesale rates for KMI’s El Paso natural gas pipeline runs counter to seeking a competitive market for gas transportation, CEO Steve Kean told S&P.
• KMI-operated Gulf Coast Express Pipeline launched open season for an expansion project that would increase natural gas deliveries from Permian Basin to south Texas.

Shares of KMI – which gained 5.3% YTD – outperformed the S&P 500 index in the last 1 year, but underperformed the S&P 500 Energy index.