Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3.7B | 3.6% |
| Gross Profit | 2.49B | 3.1% |
| Cost of Revenue | 1.21B | 4.6% |
| Operating expense | 181M | 1.6% |
| Net Income | 625M | 8.7% |
| EBITDA | 1.03B | 2.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 70.9B | 0.3% |
| Total Liabilities | 39.1B | 0.3% |
| Total Equity | 30.4B | 0.2% |
| Shares Outstanding | 2.22B | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.25B | 26% |
| Cash from investing | -686M | 14.3% |
| Cash from financing | -554M | 49.9% |
EPS
Financial Highlights for Kinder Morgan in Q3 '24
Kinder Morgan reported a revenue of 3.7B, which is a 3.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.49B, marking a 3.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.21B, a 4.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 181M, showing a -1.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 625M, showing a 8.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.03B, showing a -2.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Kinder Morgan with growth in revenue, gross profit, and net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.
