The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020.
REUTERS/Gary McWilliams/File Photo Acquire Licensing RightsCompanies Kinder Morgan Inc FollowOct 18 (Reuters) - Kinder Morgan (KMI.N) on Wednesday posted lower-than-expected profit for the third quarter, as higher interest expenses offset strength in its natural gas and products pipeline segment.
Shares of Kinder Morgan were down 1.3% at $16.91 in after-market trading.
"We expect to finish 2023 slightly below our plan on a full-year basis, due to lower-than-expected commodity prices, delayed RNG (renewable natural gas) projects and higher pipeline integrity expense," the company said.
The Houston-based firm's earnings from the CO2 segment dropped to $175 million in the quarter from $195 million.
Persons:
Gary McWilliams, Kinder Morgan, Kimberly Allen Dang, Tanay, Devika
Organizations:
Kinder Morgan Inc, REUTERS, Kinder Morgan, U.S, Federal, Products, Thomson
Locations:
Houston , Texas, U.S, Houston, Bengaluru