Kinder Morgan's Earnings Dip as Weak Energy Demand Weighs on Its Results
With energy demand having cratered this year because of the COVID-19 outbreak, oil and gas companies are producing lower volume, which is affecting the flow of hydrocarbons through energy midstream networks -- such as those operated by Kinder Morgan (NYSE: KMI). On a more positive note, the company's contract structure has helped cushion much of this blow, which eased the impact on its earnings and cash flow during the third quarter.
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Q3 2020
Source Fool.com
