jellofish
2021-07-22
ok so what’s in for this
Kinder Morgan trims annual earnings outlook on lower volumes
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(Reporting by Rithika Krishna in Bengaluru; Editing by Krishna Chandra Eluri)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kinder Morgan trims annual earnings outlook on lower volumes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKinder Morgan trims annual earnings outlook on lower volumes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-22 07:24 GMT+8 <a href=https://finance.yahoo.com/news/1-kinder-morgan-trims-annual-202421664.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>July 21 (Reuters) - Kinder Morgan cut its 2021 profit forecast on Wednesday, just three months after the U.S. pipeline operator had raised its estimates following a surge in demand for natural gas ...</p>\n\n<a href=\"https://finance.yahoo.com/news/1-kinder-morgan-trims-annual-202421664.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/1-kinder-morgan-trims-annual-202421664.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2153628865","content_text":"July 21 (Reuters) - Kinder Morgan cut its 2021 profit forecast on Wednesday, just three months after the U.S. pipeline operator had raised its estimates following a surge in demand for natural gas during the February winter storm.\nKinder Morgan had earned about $1 billion during the Texas cold storm which swept parts of the United States last quarter, knocking out nearly half of the state's power plants and sending prices for natural gas and electricity up to record levels.\nThe company lowered its full-year profit forecast to $1.7 billion, from as much as $2.9 billion it outlined in April, and lower than the $2.1 billion it originally forecast in January.\nShares of the company fell as much as 2.5% to $17.40 in extended trading.\nKinder Morgan, which transports nearly 40% of the natural gas consumed in the United States, said natgas transport volumes fell 1.8% in the second quarter from the first, while total refined product volumes rose 16.7%.\nThe company, which closed its acquisition of Stagecoach Gas Services this month, said it expects to generate distributable cash flow of $5.4 billion for this year, compared with previous expectations of as much as $5.3 billion.\nNet loss attributable to Kinder Morgan stood at $757 million, or 34 cents per share, in the second quarter ended June 30, compared with a profit of $1.41 billion, or 62 cents per share, in the first quarter.\nThe pipeline operator took a non-cash impairment charge of $1.6 billion in the second quarter related to anticipated lower volumes and rates on contract renewals for its South Texas natural gas processing and gathering assets.\nExcluding items, the company earned 23 cents per share, above estimates of 19 cents, according to Refinitiv IBES data.\nOn a year-over-year basis, adjusted profit rose 35%. (Reporting by Rithika Krishna in Bengaluru; Editing by Krishna Chandra Eluri)","news_type":1},"isVote":1,"tweetType":1,"viewCount":152,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":19,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/176705577"}
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