Kinder Morgan Energy Partners (KMP +2.1%) trades higher after announcing its 2012 financial...

|About: Kinder Morgan Energy Part... (KMP)|By:, SA News Editor

Kinder Morgan Energy Partners (KMP +2.1%) trades higher after announcing its 2012 financial expectations. The pipeline and energy storage company expects to book $4.4B in segment earnings (+15% Y/Y) and produce excess cash flow of more than $50M above its distribution target of $4.98/unit. An average WTI crude oil price of $93.75/barrel in 2012 was used by the firm for its estimates.