Last €56.16 EUR
Change Today -0.44 / -0.78%
Volume 120.0
KM7 On Other Exchanges
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As of 1:53 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

kinder morgan energy prtnrs (KM7) Snapshot

Open
€55.69
Previous Close
€56.60
Day High
€56.90
Day Low
€55.69
52 Week High
04/23/13 - €72.10
52 Week Low
04/22/13 - €21.00
Market Cap
25.3B
Average Volume 10 Days
102.2
EPS TTM
--
Shares Outstanding
319.9M
EX-Date
04/28/14
P/E TM
--
Dividend
€5.51
Dividend Yield
7.07%
Current Stock Chart for KINDER MORGAN ENERGY PRTNRS (KM7)

kinder morgan energy prtnrs (KM7) Details

Kinder Morgan Energy Partners, L.P. operates as a pipeline transportation and energy storage company in North America. Its Products Pipelines segment delivers gasoline, diesel fuel, jet fuel, and natural gas liquids to various markets through approximately 8,600 miles of refined petroleum products pipelines; and operates 62 associated product terminals and petroleum pipeline transmix processing facilities. The company’s Natural Gas Pipelines segment gathers, transports, stores, treats, processes, and sells natural gas through approximately 33,000 miles of natural gas transmission pipelines and gathering lines, as well as natural gas storage, treating, and processing facilities. Its CO2 segment produces, markets, and transports carbon dioxide through approximately 1,500 miles of pipelines to oil fields. This segment also owns and operates 7 oil fields, and a 450 mile crude oil pipeline system in west Texas. The company’s Terminals segment transloads, stores, and delivers bulk, petroleum, petrochemical, and other liquids products through approximately 113 liquids and bulk terminal facilities; and approximately 35 rail transloading and materials handling facilities. Its Kinder Morgan Canada segment transports crude oil and refined petroleum products through approximately 2,500 miles of pipelines from Alberta, Canada to marketing terminals and refineries in British Columbia, the state of Washington, and the Rocky Mountains, as well as in the central regions of the United States. This segment also operates the Jet Fuel aviation turbine fuel pipeline that serves the Vancouver (Canada) International Airport. Kinder Morgan G.P., Inc. serves as the general partner of the company. Kinder Morgan Energy Partners, L.P. was founded in 1992 and is headquartered in Houston, Texas. Kinder Morgan Energy Partners, L.P. operates as a subsidiary of Kinder Morgan, Inc.

Founded in 1992

kinder morgan energy prtnrs (KM7) Top Compensated Officers

Chairman of Kinder Morgan GP Inc and Chief Ex...
Total Annual Compensation: $1.0
President of Kinder Morgan Gp Inc, Chief Oper...
Total Annual Compensation: $150.0K
Chief Financial Officer of Kinder Morgan GP I...
Total Annual Compensation: $319.2K
President of Natural Gas Pipelines for Kinder...
Total Annual Compensation: $319.2K
President of Terminals of Kinder Morgan Gp In...
Total Annual Compensation: $305.6K
Compensation as of Fiscal Year 2013.

kinder morgan energy prtnrs (KM7) Key Developments

Kinder Morgan Energy Partners, L.P. Reports Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2014; Provides Cash Flow Guidance for the Year 2014; Increases Quarterly Distribution, Payable on May 15, 2014; Provides Distribution Guidance for the Year 2014

Kinder Morgan Energy Partners, L.P. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues of $3,652 million against $2,661 million a year ago. Operating income was $933 million against $784 million a year ago. Income before income taxes was $770 million against $895 million a year ago. Income from continuing operations was $754 million or $0.67 per unit against $794 million or $0.97 per unit a year ago. Net income attributable to the company was $746 million against $783 million a year ago. Net income was $754 million against $792 million a year ago. Income from continuing operations attributable to the company was $746 million against $785 million a year ago. Net income per share was $0.67 against $0.97 per share a year ago. Distributable cash flow before certain items of $693 million, up 26% from $550 million for the comparable period in 2013. Distributable cash flow per unit before certain items was $1.55 compared to $1.46 for the first quarter last year. First quarter net income before certain items was $788 million compared to $655 million for the same period in 2013. For the year 2014, the company expects to exceed its distributable cash flow per unit target primarily as a result of the positive impact of a recent acquisition of marine tankers, TGP's incremental north to south firm transportation contracts and additional long-term contracts on its EPNG pipeline system. The company’s $5.58 distributable cash flow per unit target for its 2014 budget, which would be a 5% increase over the $5.33 per unit it declared for 2013, was announced in December 2013. For the full year, the company expects that sustaining capex will be slightly above budget, probably about 2% or so as a result of the APT acquisition and some additional expenditure on the Texas Intrastate. For the quarter, the company reported total refined product volumes of 166.0 MMBbl against 157.8 MMBbl a year ago. Total delivery volumes were 179.4 MMBbl against 169.6 MMBbl a year ago. The company increased its quarterly cash distribution per common unit to $1.38 ($5.52 annualized) payable on May 15, 2014, to unit holders of record as of April 30, 2014. This represents a 6% increase over the first quarter 2013 cash distribution per unit of $1.30 ($5.20 annualized) and is up from $1.36 per unit ($5.44 annualized) for the fourth quarter of 2013. For the year 2014, the company expects to declare cash distributions of at least $5.58 per unit for 2014.

Kinder Morgan Energy Partners, L.P., Q1 2014 Earnings Call, Apr 16, 2014

Kinder Morgan Energy Partners, L.P., Q1 2014 Earnings Call, Apr 16, 2014

Huntington Ingalls Industries Announces to Explore Opportunities for Avondale Redevelopment with Kinder Morgan Energy Partners, L.P

Huntington Ingalls Industries announced that it will conduct a study with Kinder Morgan Energy Partners, L.P. to explore redeveloping Huntington Ingalls Industries' Avondale shipyard in Louisiana. Since the July 2010 announcement to close Avondale, HII has aggressively sought a strategic solution to redevelop the facility. The study will explore and evaluate best-use opportunities for the facility. Once the study is completed and a determination has been made for an economically viable, best use of the facility, HII and Kinder Morgan Energy Partners may pursue the formation of a joint venture to re-purpose the Avondale site. Avondale's location on the Mississippi River offers unparalleled access to major markets by truck, rail and sea, making it attractive for many uses. Huntington Ingalls Industries designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe. For more than a century, HII has built more ships in more ship classes than any other U.S. naval shipbuilder at its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Employing more than 38,000 in Virginia, Mississippi, Louisiana and California, HII also provides a wide variety of products and services to the commercial energy industry and other government customers, including the Department of Energy.

 

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Industry Analysis

KM7

Industry Average

Valuation KM7 Industry Range
Price/Earnings 20.8x
Price/Sales 2.8x
Price/Book 2.5x
Price/Cash Flow 7.5x
TEV/Sales 0.8x
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