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Kinder Morgan: Fourth Quarter Earnings Report

HOUSTON (AP) _ Kinder Morgan Inc. (KMI) on Wednesday reported fourth-quarter net income of $670 million.

On a per-share basis, the Houston company said it posted a profit of 30 cents. Earnings adjusted for non-recurring items were 31 cents per share.

The results were in line with Wall Street’s expectations. The average estimate of four analysts polled by Zacks Investment Research was also 31 cents per share.

The pipeline and storage company for oil and natural gas generated $4.58 billion in revenue during the period.

For the year, the company reported earnings of $2.55 billion, or $1.12 per share. Revenue was $19.2 billion.

Kinder Morgan expects annual earnings of $1.12 per share.

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This story was created by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access the Zacks KMI stock report at https://www.zacks.com/ap/KMI.

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