Kinder Morgan's Earnings Slump as Coronavirus Upends Demand
The COVID-19 outbreak had a significant impact on energy demand during the second quarter when many states issued stay-at-home orders to help slow the spread. That affected Kinder Morgan's (NYSE: KMI) second-quarter results since it has some exposure to fluctuations in both volumes and prices, which were under pressure during the quarter.
On a more positive note, the company is starting to see some green shoots in many of its businesses, which gives it increasing confidence in achieving its revised guidance and eventually delivering its promised dividend increase to $1.25 per share.
Metric
Source Fool.com
