- Kinder Morgan Partners (KMP) +1.5% AH and Kinder Morgan Inc. (KMI) -0.8% after the Kinder companies reported Q4 earnings (I, II).
- KMP's Q4 profit jumped 26%, driven by a 40% gain in earnings from its natural gas pipeline business which the company credits to efficiency and added infrastructure as a result of the acquisitions of El Paso Corp. and Copano Energy.
- KMP says it will increase its payouts to shareholders, distributing $1.36/unit to owners of record as of Jan. 31; its 2013 distribution to unitholders of $5.33 was up 7% Y/Y.
- KMI's Q4 profit surged 54%, driven by growth at its KMP affiliate that offset weaker earnings at El Paso Pipeline Partners (EPB).
Kinder Morgan Partners up, KMI down after posting Q4 earnings
Jan 15 2014, 17:47 ET