Vontobel cuts 58 percent stake in Kinder Morgan stock before results
π Vontobel sold 2.3 million shares of Kinder Morgan on October 17, 2026, reducing its stake by 58 percent.
π° Kinder Morgan reported second-quarter revenue of USD 4.48 billion, up 10.8 percent year over year.
π The company achieved adjusted earnings per share of USD 0.37 in the second quarter of 2026.
π Kinder Morgan operates 136 terminals across its extensive energy infrastructure network.
π The stock had a market capitalization of USD 76.2 billion as of October 16, 2026.
ποΈ Third-quarter 2026 results are scheduled for release on October 21, 2026, after the market close.
π― Institutional investors collectively own 62.52 percent of Kinder Morgan following Vontobel's sale.
πΆ Vontobel retained shares valued at USD 50.2 million after executing the partial divestment.
- Kinder Morgan reported second-quarter revenue of USD 4.48 billion, representing a 10.8 percent year-over-year increase.
- The company generated adjusted earnings per share of USD 0.37 and net income of USD 867 million in Q2 2026.
- Institutional investor Vontobel reduced its stake by 58 percent, selling 2.3 million shares ahead of earnings.