Kinder Morgan Partners up, KMI down after posting Q4 earnings

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

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).