Last $93.49 USD
Change Today +1.24 / 1.34%
Volume 2.3M
KMP On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

kinder morgan energy prtnrs (KMP) Snapshot

Open
$92.47
Previous Close
$92.25
Day High
$93.74
Day Low
$92.01
52 Week High
08/20/14 - $99.42
52 Week Low
03/20/14 - $71.32
Market Cap
43.2B
Average Volume 10 Days
3.5M
EPS TTM
$3.34
Shares Outstanding
325.1M
EX-Date
10/29/14
P/E TM
28.0x
Dividend
$5.60
Dividend Yield
5.86%
Current Stock Chart for KINDER MORGAN ENERGY PRTNRS (KMP)

kinder morgan energy prtnrs (KMP) Details

Kinder Morgan Energy Partners, L.P. operates as a pipeline transportation and energy storage company in North America. The company operates through five segments: Natural Gas Pipelines, CO2, Products Pipelines, Terminals, and Kinder Morgan Canada. The Natural Gas Pipelines segment gathers, transports, stores, treats, processes, and sells natural gas through approximately 40,000 miles of natural gas pipelines and associated storage and supply lines. The CO2 segment produces, transports, and markets carbon dioxide through approximately 1,500 miles of pipelines to oil fields. This segment also owns and operates 4 oil fields, and a 450 mile crude oil pipeline system in west Texas. The Products Pipelines segment delivers gasoline, diesel fuel, jet fuel, natural gas liquids, crude oil, condensate, and bio-fuels to various markets through approximately 9,000 miles of refined petroleum products, and crude oil and condensate pipelines; and operates 62 associated product terminals and petroleum pipeline transmix processing facilities. The Terminals segment transloads, stores, and delivers bulk, petroleum, petrochemical, and other liquids products through approximately 122 liquids and bulk terminal facilities; and approximately 10 rail transloading and materials handling facilities. The Kinder Morgan Canada segment transports crude oil and refined petroleum products through approximately 800 miles of pipelines from Alberta, Canada to marketing terminals and refineries in British Columbia and the state of Washington; and the jet fuel aviation turbine fuel pipeline that serves the Vancouver international airport, as well as operates 5 associated product terminal facilities. Kinder Morgan G.P., Inc. serves as the general partner of the company. The company was founded in 1992 and is based in Houston, Texas. Kinder Morgan Energy Partners, L.P. is a subsidiary of Kinder Morgan, Inc.

Founded in 1992

kinder morgan energy prtnrs (KMP) 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
Vice President of Kinder Morgan GP Inc and Pr...
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 (KMP) Key Developments

Kinder Morgan Energy Partners, L.P. Announces Quarterly Cash Distribution, Payable on November 14, 2014; Reports Preliminary Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Kinder Morgan Energy Partners, L.P. increased its quarterly cash distribution per common unit to $1.40 ($5.60 annualized) payable on November 14, 2014, to unitholders of record as of October 31, 2014. This represents a 4% increase over the third quarter 2013 cash distribution per unit of $1.35 ($5.40 annualized) and is up from $1.39 per unit ($5.56 annualized) for the second quarter of 2014. The company reported preliminary unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $3,933 million against $3,381 million a year ago. Operating income was $1,161 million against $867 million a year ago. Income from continuing operations before income taxes was $1,000 million against $717 million a year ago. Income from continuing operations was $976 million against $697 million a year ago. Net income attributable to the company was $963 million against $689 million a year ago. Distributable cash flow before certain items of $607 million, up 10% from $554 million for the comparable period in 2013. Distributable cash flow per unit before certain items was $1.31 compared to $1.27 for the third quarter last year. Third quarter net income before certain items was $746 million compared to $664 million for the same period in 2013. Sustaining capital expenditures was $121 million compared with $92 million for the same period a year ago. For the nine months, the company reported revenues of $11,162 million against $9,059 million a year ago. Operating income was $2,949 million against $2,252 million a year ago. Income from continuing operations before income taxes was $2,463 million against $2,648 million a year ago. Income from continuing operations was $2,399 million against $2,501 million a year ago. Net income attributable to the company was $2,370 million against $2,472 million a year ago. Distributable cash flow before certain items of $1.861 billion, up from $1.609 billion for the comparable period in 2013. Distributable cash flow per unit before certain items was $4.08 compared to $3.94 for the same period last year. Net income before certain items was $2.232 billion compared to $1.946 billion for the first three quarters of 2013. Sustaining capital expenditures was $292 million compared with $210 million for the same period a year ago.

Kinder Morgan to Expand Pasadena, Galena Park Terminals

Kinder Morgan Energy Partners, L.P. announced that it will expand its Pasadena and Galena Park terminals in an investment worth $240 million. The expansion, which will include the construction of 2.1 million barrels of storage between the two terminals, will help meet infrastructure needs for growing demand for refined-product storage and docks services along the Houston Ship Channel. The company also will construct a ship dock capable of handling ocean-going vessels and infrastructure improvements at its Galena Park Terminal to increase vessel load rates. The ship dock and the existing Galena Park ship docks will be capable of loading vessels at rates up to 15,000 barrels per hour.

El Paso Pipeline Partners, L.P., Kinder Morgan Energy Partners, L.P., Kinder Morgan Management LLC, Kinder Morgan, Inc., Q3 2014 Earnings Call, Oct 15, 2014

El Paso Pipeline Partners, L.P., Kinder Morgan Energy Partners, L.P., Kinder Morgan Management LLC, Kinder Morgan, Inc., Q3 2014 Earnings Call, Oct 15, 2014

 

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Industry Analysis

KMP

Industry Average

Valuation KMP Industry Range
Price/Earnings 30.9x
Price/Sales 2.9x
Price/Book 2.4x
Price/Cash Flow 8.9x
TEV/Sales 1.3x
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