HOUSTON (AP) _ Kinder Morgan Inc. (KMI) on Wednesday reported first-quarter net income of $1.41 billion, after reporting a loss in the same period a year earlier.

The Houston-based company said it had net income of 62 cents per share. Earnings, adjusted for non-recurring gains, were 60 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The oil and natural gas pipeline and storage company posted revenue of $5.21 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $3.03 billion.

Kinder Morgan shares have climbed 22% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.69, an increase of 15% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KMI at https://www.zacks.com/ap/KMI

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