Kinder Morgan, a U.S. pipeline operator, beat Wall Street expectations for second-quarter profit on Wednesday, helped by higher volumes of natural gas transported through its pipelines.
Natural Gas Demand
The company said it transported about 47,886 billion British thermal units (Btu) of natural gas per day in the quarter, compared with 44,818 billion Btu per day in the year-ago period.
The Houston, Texas-based firm posted an adjusted profit of 37 cents per share for the three months ended June 30, compared with analysts’ estimate of 32 cents per share.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.