Against the backdrop of a volatile oil market, energy company Kinder Morgan, Inc. (KMI) is set to report its fourth-quarter earnings tomorrow. In the third quarter, the company posted a lower-than-expected profit, as high interest rates curbed away the gains from its natural gas and production pipeline segment.
Its adjusted EPS for the third quarter remained flat year-over-year at 25 cents, missing the analysts' average estimate of 26 cents. The company also expected to finish 2023 below its expectations due to lower commodity prices. However, KMI is optimistic about its prospects for the current year.
