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Why Oil Stock Kinder Morgan Sank Today

TheMotleyFool

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Oil and gas stock Kinder Morgan (NYSE: KMI) tanked on Thursday, losing 5.9% in value as of 12:45 p.m. EDT in reaction to the company's third-quarter numbers released Wednesday evening. I believe the market has overreacted.

Here are some notable numbers from Kinder Morgan's third-quarter earnings report:

Investors often pour money into midstream oil and gas companies like Kinder Morgan for dividends. DCF is therefore a key metric as it reflects the cash available for distribution to shareholders after factoring in the company's maintenance capital expenditures and one-time expenses, if any.

Source Fool.com

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