Kinder Morgan Energy Partners L.P Second Quarter Earnings Sneak Peek

Kinder Morgan Energy Partners L.P (NYSE:KMP) will unveil its latest earnings on Monday, July 18, 2011. Kinder Morgan Energy Partners L.P. is a pipeline transportation and energy storage company in North America, which owns and manages a portfolio of energy transportation and storage assets.

Kinder Morgan Energy Partners L.P Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 41 cents per share, a rise of 17.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 42 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 41 cents during the last month. For the year, analysts are projecting net income of $1.93 per share, a rise of 31.3% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the first quarter, it reported profit of 44 cents per share against a mean estimate of 47 cents. Two quarters ago, it beat expectations by 4 cents with net income of 46 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.1 billion in revenue this quarter, a rise of 7.1% from the year ago quarter. Analysts are forecasting total revenue of $8.62 billion for the year, a rise of 6.7% from last year’s revenue of $8.08 billion.

Analyst Ratings: Analysts seem relatively indifferent about Kinder Morgan Energy Partners L.P with nine of 16 analysts surveyed maintaining a hold rating.

Key Stats:

A year-over-year revenue decrease in the first quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 6.4% in the first quarter and rose 0.8%in the fourth quarter of the last fiscal year, 24% in the third quarter of the last fiscal year and 19.2% in the second quarter of the last fiscal year.

Competitors to Watch: Kinder Morgan Inc (NYSE:KMI), Copano Energy, L.L.C. (NASDAQ:CPNO), Enterprise Products Partners L.P. (NYSE:EPD), MarkWest Energy Partners, L.P. (NYSE:MWE), El Paso Pipeline Partners, L.P. (NYSE:EPB), El Paso Corporation (NYSE:EP), Enterprise GP Hldgs. L.P. (EPE), Energy Transfer Partners, L.P. (NYSE:ETP), Duncan Energy Partners L.P. (NYSE:DEP), and Magellan Midstream Partners, L.P. (NYSE:MMP).

Stock Price Performance: During April 14, 2011 to July 12, 2011, the stock price had fallen 81 cents (-1.1%) from $73.95 to $73.14. The stock price saw one of its best stretches over the last year between May 31, 2011, and June 8, 2011, when shares rose for seven-straight days, rising 3.4% (+$2.48) over that span. It saw one of its worst periods between June 27, 2011, and July 8, 2011, when shares fell for nine-straight days, falling 3.4% (-$2.51) over that span. Shares are up $4.98 (+7.3%) year to date.

(Source: Xignite Financials)

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