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Kinder Morgan reports slide in Q3 EBITDA

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Kinder Morgan reports slide in Q3 EBITDA

Kinder Morgan Inc. on Oct. 18 posted third-quarter adjusted EBITDA of $1.75 billion, a decrease from $1.77 billion in the prior-year third quarter.

The S&P Global Market Intelligence consensus analysts' estimate of adjusted EBITDA was $1.72 billion.

The company's distributable cash flow for the quarter was $1.05 billion, a decrease from $1.08 billion in the previous third quarter.

Kinder Morgan reported net income of $387 million, compared to a loss of $183 million a year earlier, according to the earnings release.