Valued at a market cap of $49 billion, Kinder Morgan, Inc. (KMI) operates as an energy infrastructure company. The Houston, Texas-based company operates pipelines to transport natural gas, crude oil, refined petroleum products, CO2, and other products. It also owns terminals for storing liquid commodities comprising ethanol, chemicals, and petroleum products. The company will announce its fiscal Q3 earnings results on Wednesday, Oct. 16.
Ahead of this event, analysts expect the energy company to report a profit of $0.27 per share, up 8% from $0.25 per share in the year-ago quarter. However, the company has beaten or matched Wall Street's bottom-line estimates in two of the last four quarters while missing on two other occasions.
