Kinder Morgan Sees $1 Billion Write Down, Shows $637 Million Loss in 2Q

Kinder Morgan wrote down $1 billion in the second quarter, leaving it with an overall loss of $637 million. That's compared with a $518 million profit in 2Q last year.

The Houston pipeline and storage company announced quarterly earnings of $0.17 per share on Wednesday, missing the Zacks Consensus Estimate of $0.18 per share.

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