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Kinder Morgan Energy Partners (KMP): Q1 EPS of $0.61 misses by $0.02. Revenue of $1.8B (-3% Y/Y)...

Kinder Morgan Energy Partners (KMP): Q1 EPS of $0.61 misses by $0.02. Revenue of $1.8B (-3% Y/Y) misses by $0.5B. Shares -0.7% AH. (PR)
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Comments (7)
  • montanamark
    , contributor
    Comments (1452) | Send Message
     
    Kinder Morgan Energy Partners LP (NYSE: KMP) said on Wednesday that it will increase its quarterly cash distribution to $1.20 per unit, a 5 percent increase above the first quarter 2011 cash distribution, based on its first quarter 2012 results.
    18 Apr 2012, 07:08 PM Reply Like
  • tomq04
    , contributor
    Comments (50) | Send Message
     
    how can they increase the dividend to a level that is double their earnings??
    18 Apr 2012, 07:13 PM Reply Like
  • styles88
    , contributor
    Comments (12) | Send Message
     
    To better understand the cash flow of an MLP you can search for articles in Seeking Alpha on KMP or MLP's. Their "dividend" is mostly a return of capital. The distribution is not a dividend and doesn't come out of after tax earnings.
    18 Apr 2012, 07:20 PM Reply Like
  • sensus
    , contributor
    Comments (34) | Send Message
     
    My account records show that KMP closed at $83.14, up $0.56 (0.678%), not down 0.7%.
    18 Apr 2012, 07:32 PM Reply Like
  • bigbenorr
    , contributor
    Comments (915) | Send Message
     
    Wasn't it saying -0.7% after hours?
    18 Apr 2012, 07:47 PM Reply Like
  • das555
    , contributor
    Comments (269) | Send Message
     
    As has been repeatedly written about and again emphasized by Richard Kinder in the conference call, EPS is not the important metric for an MLP - rather it is distributable cash flow from which dividends are paid. This metric was up 13%, thus allowing yet another increase in dividends.
    18 Apr 2012, 10:48 PM Reply Like
  • chetmast31
    , contributor
    Comments (2) | Send Message
     
    I like KMP's Dividents
    18 Apr 2012, 11:37 PM Reply Like
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