Last $77.49 USD
Change Today -0.83 / -1.06%
Volume 1.8M
KMP On Other Exchanges
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New York
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1001 Louisiana Street

Suite 1000

Houston, TX 77002

United States

Phone: 713-369-9000

Fax:

n portion of Oklahoma County. The company holds a 69.5% ownership interest in Southern Dome. Copano Rocky Mountain Region The company’s Copano Rocky Mountain region provides midstream natural gas services in the Powder River Basin of Wyoming, including gathering and treating of natural gas. The region includes its 51% equity ownership interest in Bighorn Gas Gathering, L.L.C., the sole owner of the Bighorn natural gas gathering system; and 37.04% equity ownership interest in Fort Union Gas Gathering, L.L.C., the sole owner of the Fort Union natural gas gathering system. The Rocky Mountain region also includes firm gathering agreements with Fort Union; firm transportation agreements with Wyoming Interstate Gas Company, a wholly-owned subsidiary of EPB (which capacity has been released to various producers); and services the company provides to a number of producers in the Powder River Basin, including producers who deliver natural gas into the Bighorn or Fort Union gathering systems. TGP The multiple-line TGP system begins in the natural gas producing regions of Louisiana, the Gulf of Mexico and South Texas and extends to the northeast section of the U.S., including the metropolitan areas of New York City and Boston. The company’s TGP system connects with multiple pipelines (including interconnects at the U.S.-Mexico border and the U.S.-Canada border) that provide customers with access to diverse sources of supply and various natural gas markets. The pipeline system is also connected to four major shale formations the Haynesville shale formation in northern Louisiana and Texas; the Marcellus shale formation in Pennsylvania; the Utica shale formation that spans an area from Ohio to Pennsylvania; and the discussed Eagle Ford shale formation, located in South Texas. The TGP system also includes underground working natural gas storage capacity through partially owned facilities or long-term contracts. Of this total storage capacity, 29.6 Bcf is contracted from Bear Creek located in Bienville Parish, Louisiana. Bear Creek is a joint venture equally owned by the company and EPB, an affiliate of KMI. The facility has 59.2 Bcf of working natural gas storage capacity that is committed equally to EPB and the company. The company’s TGP pipeline system provides natural gas services to various customers, including natural gas distribution and industrial companies, electric generation companies, natural gas producers, other natural gas pipelines and natural gas marketing and trading companies. Western Interstate Natural Gas Pipeline Group The company’s Western interstate natural gas pipeline systems, which operate along the South Central region and the Rocky Mountain region of the western portion of the U.S., consist of the following two natural gas pipeline systems the combined EPNG and Mojave Pipelines and the TransColorado Pipeline. EPNG Effective March 1, 2013, as part of the March 2013 drop-down transaction, the company acquired the remaining 50% equity ownership interest in EPNG. EPNG, is the sole owner of the EPNG pipeline system and Mojave Pipeline Company, LLC, the sole owner of the Mojave Pipeline system. Although the Mojave Pipeline system is a wholly owned entity, it shares common pipeline and compression facilities that are 25% owned by Mojave Pipeline Company, LLC and 75% owned by Kern River Gas Transmission Company. The Mojave system connects with other pipeline systems including the EPNG system near Cadiz, California; the EPNG and Transwestern Pipeline Company, LLC systems at Topock, Arizona; and the Kern River Gas Transmission Company system in California. The Mojave system also extends to customers in the vicinity of Bakersfield, California. The portion of the total design capacity of the Mojave system attributable the Mojave Pipeline Company, LLC, reflecting total east to west flow activity from Topock to Daggett. The east to west capacity from Topock to the Cadiz interconnect with EPNG is 456 MMcf/d. In addition to its two pipeline systems, EPNG utilizes its Washington Ranch underground natural gas storage facility located in New Mexico to manage its transportation needs and to off

 

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KMP

Industry Average

Valuation KMP 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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