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. 

Metric

Q3 2020

Continue reading

Source Fool.com