The job ads posted on several Philippine military forums on Facebook in 2023 looked enticing. “We are hiring regional security researcher,” said a notice bearing the emblem of Janes – the well-known international aerospace and military technology publisher. It came with an eye-watering offer: “US$1,000-US$5,000.” “Send us your CV,” the ad urged, giving Viber and WhatsApp numbers as well as an emai...
The job ads posted on several Philippine military forums on Facebook in 2023 looked enticing. “We are hiring regional security researcher,” said a notice bearing the emblem of Janes – the well-known international aerospace and military technology publisher. It came with an eye-watering offer: “US$1,000-US$5,000.” “Send us your CV,” the ad urged, giving Viber and WhatsApp numbers as well as an email address. The hitch: while the ad was real, the recruiter was not. Researchers who traced the ad’s...
JasonDoiy/iStock via Getty Images Kinder Morgan ( KMI ) posted a fantastic first quarter because the La Nina winter provided a lot of cold weather. A midstream company like this one operates on a fee-based system. Therefore, the only way earnings go up (on existing assets being used) is for more volume to happen. In this case, an unusually cold winter storm got things going. That was followed by s...
JasonDoiy/iStock via Getty Images Kinder Morgan ( KMI ) posted a fantastic first quarter because the La Nina winter provided a lot of cold weather. A midstream company like this one operates on a fee-based system. Therefore, the only way earnings go up (on existing assets being used) is for more volume to happen. In this case, an unusually cold winter storm got things going. That was followed by still more cold weather. The result was an earnings comparison that one does not often see for a company of this size. Last Article The last article noted when the company raised guidance for fiscal year 2025. Since weather plays such a big part in higher-than-expected volumes, this company needs to wait until later in the year to actually change guidance. As of right now, this great first quarter could easily be offset by a cool summer that uses significantly less-than-expected natural gas. Most midstream companies in the industry will wait until the full fiscal year comes into focus before changing guidance. Since weather is a very low visibility event (and it plays such a large role in volumes handled), oftentimes that means a "last minute" guidance change (which unfortunately is subject to change as well). First Quarter Earnings The fact that a company this large and this diversified posted a very positive earnings comparison likely means that there will be a lot of positive first-quarter earnings comparisons. Smaller, less diversified competitors will be either "direct hits" or "direct misses" in some cases. Much will depend upon the location of the various pipelines because weather effects are not uniform. Kinder Morgan First Quarter 2026, Income Statement Summary (Kinder Morgan Earnings Press Release First Quarter 2026) Earnings are highly unlikely to grow at the pace shown above for the rest of the fiscal year. Furthermore, in the unlikely event that did happen, it would set up a very difficult comparison situation for all the next fiscal year. As it is now, the firs...