Kinder Morgan Partners reports higher quarterly profit, distribution

Kinder Morgan's (KMI) Q3 earnings rose 43% driven by continued strong growth at its Kinder Morgan Partners (KMP) affiliate, while El Paso Pipeline Partners (EPB) posted a 6.6% earnings decline.

KMP, which holds the majority of KMI assets, reported its profit soared 70% on sharply higher earnings at its natural gas pipelines segment; excluding gains from asset sales, prior-year fair value impacts and other items, adjusted earnings fell to $0.51 from $0.57 while revenues rose 31% to $3.28B.

KMP's quarterly distribution rose to $1.35/unit, above consensus for $1.34/unit, as distributable cash flow rose 22% Y/Y to $544M; its full-year distribution outlook remains unchanged at $5.33.

KMP +0.7% AH.

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Comments (8)
  • SaltyDog62
    , contributor
    Comments (835) | Send Message
    16 Oct 2013, 06:17 PM Reply Like
  • acrturus
    , contributor
    Comments (64) | Send Message
    Yes this is sweet!
    16 Oct 2013, 09:51 PM Reply Like
  • Sumflow
    , contributor
    Comments (3595) | Send Message
    > its full-year distribution outlook remains unchanged at $5.33.<


    Last year KM said, (KMR also expects to declare distributions of $5.28 per share for 2013 and the distribution to KMR shareholders will be paid in the form of additional KMR shares.)


    During the call Richard Kinder said $5.33 it is 6% above the full year budget for 2013.
    16 Oct 2013, 07:20 PM Reply Like
  • Johnr1
    , contributor
    Comments (8) | Send Message
    What is AH?
    16 Oct 2013, 09:51 PM Reply Like
  • Sumflow
    , contributor
    Comments (3595) | Send Message
    Johnr1 :>What is AH? <


    And Have, American History, After Hours, Authentication Header, Aryl Hydrocarbon, Attack Helicopter, Arterial Hypertension, Armor Holdings, Inc., Auburn Hills, Ampere Hour, Abdominal Hysterectomy, Ampere Hours, Attack Helicopter, Affordable Housing, Anno Hegirae, Another Hundred, Alpha Industries, Artificial Harmonic, Auction House, Address Handling, Alter Herr, After Hijrah, Authenticated Header, Asthma Health, Attribute Hidden, After Humanity, Alert Height, Ant Hell, Available Happy, Approximately Homogeneous, After The Headache, Available and Happy, Americana House, Anti Halation, Aunts Husband, Amiable Head,Adrian Hawkins, The Augustinian Hypothesis, Andy Hilfiger, Angry Hump, After Hijrat, Augustus Hamilton, Ascaris Haemoglobin, Abg Haji, Alf Hobo, Application Header, Albert Hein, Attack Helicopter, Axes Handle, Alfried Hagedorn, The American Herbal, Amateur Hours, Albert Heijn, Ancient History, Asteroid Hunt, Ace of Hearts, Archaeologia Hungarica, Budapesta, Ah - Used to fill gaps in speaking, when you are searching for words., Arithmetical Hierarchy, Hospital Ship (Auxiliary, Hospital), Adolf Hitler, Alert Height, Absolute Humidity, Asshole.


    16 Oct 2013, 10:30 PM Reply Like
  • ponderingahead
    , contributor
    Comments (50) | Send Message
    Johnr1 - Unfortunately, it appears that some on this thread have a great deal of time on their hands but not enough to actually be helpful. "AH" stands for after hours - the stock is up in after hours trading.
    17 Oct 2013, 01:23 AM Reply Like
  • Arthur Paullin
    , contributor
    Comments (502) | Send Message
    And sumflow says "AH have too much time on my hands."
    17 Oct 2013, 01:26 AM Reply Like
  • Vegasjoe
    , contributor
    Comments (139) | Send Message
    Where is Keith Mc who? Hedge Eye taking it in the shorts, literally?
    17 Oct 2013, 06:35 AM Reply Like
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