Kinder Morgan Executive Dumps 5,695 Shares for $184k, According to Recent SEC Filing
π Executive Michael P. Garthwaite sold 5,695 shares for $184k via a mix of tax withholding and a pre-arranged 10b5-1 trading plan.
πΌ The insider sale represents a 10% reduction in his direct holdings but leaves him with 51,963 shares worth ~$1.68 million.
π Kinder Morgan reported adjusted EPS of $0.37, beating analyst estimates of $0.31 for the recent quarter.
π° Revenue surged 11% to $4.5 billion, while net income hit an all-time quarterly high of $867 million.
π₯ Natural gas volumes rose 7% and gathering volumes jumped 26%, fueled by AI data center power demand and LNG exports.
π KMI stock has delivered a 106% total return over the last three years, significantly outpacing the S&P 500's 68%.
ποΈ The company operates a diversified platform with $71.9 billion market cap and $17.9 billion in trailing twelve-month revenues.
β οΈ The Motley Fool Stock Advisor recently excluded Kinder Morgan from its top 10 list of stocks to buy now.
- Kinder Morgan delivered adjusted EPS of $0.37, surpassing Wall Street consensus estimates of $0.31.
- Revenue increased 11% year-over-year to reach $4.5 billion for the quarter.
- Net income hit an all-time high of $867 million for the reported quarter.
- Natural gas volumes rose by 7% and gathering volumes increased by 26%, indicating strong operational growth.
- The stock has generated a total return of 106% over the last three years, outperforming the S&P 500's 68% return.
- The company benefits from growing demand driven by AI data center power generation and higher LNG export volumes.
- The Motley Fool Stock Advisor recently identified Kinder Morgan as not being among their top 10 stocks to buy now.
- Insider selling, while routine for liquidity and taxes, may be scrutinized by investors looking for bullish insider signals.