Kinder Morgan Partners up, KMI down after posting Q4 earnings

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).

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Comments (5)
  • chis59
    , contributor
    Comments (63) | Send Message
    Rich Kinder had some very interesting thoughts on the share price during the analyst call. Worth the listen.


    "My message to those that see the story less positively: You sell, I buy and we'll see who comes out best in the long run." Love the man.
    15 Jan 2014, 05:59 PM Reply Like
  • CLUB 198
    , contributor
    Comments (105) | Send Message
    A material reason I invested (heavily) in KMP was the fact that Rich Kinder is a major stockholder and activly engaged in the direction and performance of the company...that kind of "skin in the game" is invaluable. I see this company doing extremely well in both the near and longer term...evrything is in place for huge success
    15 Jan 2014, 06:12 PM Reply Like
  • chis59
    , contributor
    Comments (63) | Send Message
    Rich Kinder also mentioned that at their analyst day they will layout projected distributions going out to 2018. That's some nice long term thinking.
    15 Jan 2014, 06:17 PM Reply Like
  • surfgeezer
    , contributor
    Comments (10225) | Send Message
    Gotta say I owned EPB and the KMI buy of EP pissed me off, precisely because I knew the "growth" of KMP came directly out of my EPB drop downs. Glad I just bought KMP and KMI to capture the whole enchilada. If ya can't beat em, join em.
    15 Jan 2014, 08:20 PM Reply Like
    , contributor
    Comments (6530) | Send Message
    KMR up 4.57% after hrs
    16 Jan 2014, 01:52 AM Reply Like
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