KMI - Director Of Kinder Morgan Purchased $140K In Stock | Benzinga
On January 18, Joel V Staff, Director at Kinder Morgan (NYSE:KMI) executed a significant insider buy, as disclosed in the latest SEC filing.
What Happened: Staff made a significant move by purchasing 7,860 shares of Kinder Morgan as reported in a Form 4 filing with the U.S. Securities and Exchange Commission. The transaction's total worth stands at $140,065.
As of Thursday morning, Kinder Morgan shares are down by 0.34%, currently priced at $17.5.
Delving into Kinder Morgan's Background
Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 83,000 miles in pipelines and 140 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.
Understanding the Numbers: Kinder Morgan's Finances
Decline in Revenue: Over the 3 months period, Kinder Morgan faced challenges, resulting in a decline of approximately -24.53% in revenue growth as of 30 September, 2023. This signifies a reduction in ...