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

Kinder Morgan Energy Partners L.P (NYSE:KMP) will unveil its latest earnings on Wednesday, October 19, 2011. Kinder Morgan Energy Partners 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 net income of 47 cents per share, a rise of more than twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 45 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 47 cents during the last month. For the year, analysts are projecting profit of $1.87 per share, a rise of 27.2% from last year.

Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting net income of 30 cents per share against an estimate of profit of 40 cents per share. The quarter before that, it missed expectations by 3 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.31 billion in revenue this quarter, a rise of 12.1% from the year ago quarter. Analysts are forecasting total revenue of $8.8 billion for the year, a rise of 8.9% from last year’s revenue of $8.08 billion.

Analyst Ratings: Analysts seem relatively indifferent about Kinder Morgan Energy Partners L.P with seven of 13 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit fell 36.2% to $230.5 million (-19 cents a share) from $361.2 million (88 cents a share) the year earlier, missing analyst expectations. Revenue rose 2.9% to $2.02 billion from $1.96 billion.

Key Stats:

The decrease in profit in the second quarter broke a streak of two consecutive quarters of year-over-year profit increases. Net income rose 49.9% in the first quarter and 27.7% in the fourth quarter of the last fiscal year.

Revenue rose in the second quarter after seeing a drop the quarter before. In the first quarter, revenue fell 6.4%.

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 August 17, 2011 to October 13, 2011, the stock price had risen $1.82 (2.6%) from $69.58 to $71.40. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 8, 2011 when shares rose for nine-straight days, rising 3.5% (+$2.47) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 3.3% (-$2.44) over that span. Shares are up $4.34 (+6.5%) year to date.

(Source: Xignite Financials)

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