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KMP

Kinder Morgan Energy Partners L.P

5/25/2013, 1:39 AM ET

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Friday, May 24, 2:28 PM Rail is no longer seen as just a stopgap for transporting oil until pipelines are built. Case in point: Kinder Morgan Partners' (KMP) proposed 277K bbl/day Freedom pipeline would be the first to bring light, sweet oil from Texas' Permian Basin to California, but refiners Valero (VLO), Tesoro (TSO) and Phillips 66 (PSX) won't sign contracts to use Freedom, preferring the flexibility of rail cars and barges. 14 Comments [Energy]
Thursday, May 23, 5:40 PM Kinder Morgan says it could eventually simplify its complex gaggle of companies, even though "we like having the two MLPs out there to accelerate dropdowns," CFO Kimberly Dang says. The dropdowns will wrap up next year, and a combination would have to "make economic sense. If the economics don’t work... we have no issue running two MLPs. [It] is not a huge administrative burden.” 12 Comments [Energy]
Friday, May 17, 11:38 AM Jim Cramer chooses MLPs Kinder Morgan Partners (KMP) and Enterprise Products Partners (EPD) as antidotes to potential froth in the broader stock market. Cramer likes KMP's strategic acquisitions during recent years and is bullish on its outlook. On EPD, Cramer praises the management team and likes its track record of executing growth projects and integrating acquisitions. 16 Comments [Energy, Quick Ideas]
Thursday, May 16, 6:21 PM Canada's National Energy Board approves the toll methodology that will be put in place by Kinder Morgan Partners (KMP) if its proposed Trans Mountain pipeline expansion goes ahead. KMP wants to expand the pipeline carrying crude oil from Edmonton, Alberta, to Vancouver to 890K bbl/day; it currently ships ~300K bbl/day. 3 Comments [Energy]
Wednesday, May 15, 8:47 AM Christy Clark’s Liberal Party won an upset victory in British Columbia, defeating a New Democratic Party that had been leading in the polls for almost two years, suggesting stronger than expected voter approval for the Northern Gateway oil pipeline. NDP leader Adrian Dix had vowed to block plans by Enbridge (ENB) and Kinder Morgan Partners (KMP) to ship more oil across the Canadian province. 6 Comments [Energy]
Tuesday, May 14, 3:59 PM The Double Eagle Pipeline begins moving Eagle Ford condensate from Three Rivers, Tex., to the Corpus Christi terminal owned 50/50 by Magellan Midstream (MMP) and Kinder Morgan Partners (KMP). The startup is part of a $150M project that includes 140 miles of new pipeline that connects to an existing Kinder Morgan 50-mile pipeline. Initial capacity is 100K bbl/day. Comment! [Energy]
Monday, May 13, 5:28 PM Kinder Morgan (KMI) and Kinder Morgan Partners (KMP) lift their 2013 financial projections, based mostly on projected contributions from the Copano acquisition. KMI now plans to declare dividends of $1.60/share for 2013, up from $1.57 expected; KMP plans to declare distributions of $5.33/unit, up from $5.28 expected. Kinder Morgan Management (KMR) will pay a $5.33/share distribution via additional shares. 25 Comments [Energy]
Monday, May 13, 2:27 PM Kinder Morgan Partners (KMP) purchases ~20 acres adjacent to its Pasadena, Tex., terminal with plans to expand terminal capacity and construct a new barge dock at the Houston Ship Channel. The terminal will be capable of handling 10 150K-bbl tanks with a connection to the Explorer Pipeline, while the new barge dock, which will provide additional capacity to handle up to 50 barges/month. 2 Comments [Energy]
Wednesday, May 8, 4:55 PM Kinder Morgan Partners (KMP) drops plans to build a coal export terminal at the Port of St. Helens in Oregon after finding the site would not be able to fit the necessary equipment, but says it will explore other possible sites in the Pacific Northwest. The KMP project is the third proposed terminal in the region to not move forward, while three others are proceeding. 4 Comments [Energy]
Friday, May 3, 10:47 AM Natural gas prices in the northeast U.S. could hit five-year seasonal highs this summer because increasing demand from power plants may be too much for pipelines to handle, analysts say. Kinder Morgan Partners (KMP), Spectra Energy (SE) and Williams Cos. (WMB), which own the region’s main interstate pipelines, say their systems are running at or near capacity. Comment! [Energy]
Thursday, May 2, 12:07 PM Kinder Morgan Partners (KMP +1.5%) will expand its Sweeny Lateral pipeline to Phillips 66's (PSX +1.3%) Sweeny refinery in Texas, increasing the line's capacity to 100K bbl/day from 30K. KMP also will add new pumps and an additional storage tank. The project is expected to immediately add to cash available to KMP unitholders upon completion at the end of this year. 1 Comment [Energy, On the Move]
Friday, April 19, 3:45 PM "The best run company in the industry" whose "run could be far from over," Jim Cramer says of Kinder Morgan Partners (KMP +0.9%). The main reasons he likes the MLP: It has little exposure to fluctuations in the spot price of commodities; it's "a fabulous business to be in" to benefit from newly discovered U.S. oil and gas deposits; and the 5% yield is more than triple the return from 10-year Treasurys. 25 Comments [Energy, Quick Ideas]
Wednesday, April 17, 5:39 PM Kinder Morgan Energy Partners LP (KMP) declares quarterly distribution of $1.30/share, 0.8% increase from prior dividend of $1.29. Forward yield 5.83%. For shareholders of record Apr. 29. Payable May 15. Ex-div date Apr. 25. (PR) 2 Comments [Dividends]
Wednesday, April 17, 5:32 PM Kinder Morgan (KMI) and Kinder Morgan Partners (KMP) are well positioned for growth, CEO Richard Kinder says after Q1 earnings (I, II), with $12B in expansion and JV investments identified across its companies. May further expand an already expanded condensate splitter planned at its Galena Park terminal along the Houston Ship Channel, Kinder tells analysts. Comment! [Energy, Earnings]
Wednesday, April 17, 4:10 PM Kinder Morgan Partners (KMP): Q1 EPS of $0.97. Revenue of $2.66B beats by $0.2B. Shares -1.4% AH. (PR) Comment! [Earnings, Breaking News, On the Move]
Wednesday, April 17, 12:10 AM Notable earnings after Wednesday’s close: ALB, AXP, CCK, CLB, CVA, CYS, EBAY, EPB, KMP, NE, SCSS, SLM, SNDK, STLD Comment! [Earnings, Breaking News]