$EPB News

Last published 11y ago

11y agoKMI KMP KMR EPBKinder Morgan Announces Closing of the Merger TransactionsBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced it has completed its acquisition of the outstanding equity securities of Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE: EPB). The approximately $76 billion transaction was initially announced Aug. 10, 2014.
11y agoKMI EPB KMPBarclays Clarifies Treatment of Corporate Actions Affecting Constituents of the Atlantic Trust Select MLP IndexBusiness WireNEW YORK--(BUSINESS WIRE)--It has been announced that two constituents of the Atlantic Trust Select MLP Index (the “Index”) are expected to be acquired by Kinder Morgan Inc. (NYSE:KMI) which is currently also a constituent of the Index. The two Index constituents are:
11y agoKMI KMP EPB KMRKinder Morgan, Inc., Kinder Morgan Energy Partners, L.P., and El Paso Pipeline Partners, L.P. Announce Preliminary Results of Merger Consideration ElectionsBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI), Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and El Paso Pipeline Partners, L.P. (NYSE: EPB) today announced the preliminary results of the elections made by KMP and EPB unitholders regarding their preference as to the form of merger consideration they will receive in connection with the pending mergers with KMI, which are currently exp ...
11y agoKMI KMP KMR EPBKinder Morgan Announces Shareholder and Unitholder Approval of the Merger Transactions; Transactions Expected to Close Nov. 26Business WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced that at special meetings held by each of KMI, Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE: EPB), unitholders and shareholders approved all proposals related to the merger transactions previously announced on Aug. 10, 2014. More than 95 p ...
12y agoKMI KMP EPB KMRKinder Morgan Announces Nov. 26 Expected Close Date and Nov. 24 Deadline for Election of Form of ConsiderationBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE:KMI) today announced that the deadline for Kinder Morgan Energy Partners, L.P. (NYSE:KMP) and El Paso Pipeline Partners, L.P. (NYSE:EPB) unitholders to elect the form of consideration they wish to receive in each of KMP’s and EPB’s pending mergers with KMI is 5:00 p.m. ET on Nov. 24, 2014. The election deadline may be extended, in which case KMI ...
12y agoKMI KMP KMR EPBInstitutional Shareholder Services and Egan-Jones Proxy Services Recommend Approval of the Kinder Morgan Merger TransactionsBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) is pleased to announce that two leading proxy voting advisory firms, Institutional Shareholder Services (ISS) and Egan-Jones Proxy Services (Egan-Jones), have recommended that their clients vote in favor of all proposals related to the merger transactions under which KMI will acquire all of the publicly held shares/units of Kinder Morgan En ...
12y agoKMP KMI KMR EPBDelaware Court Rules in Kinder Morgan’s Favor Regarding Merger Voting RequirementsBusiness WireHOUSTON--(BUSINESS WIRE)--The Delaware Chancery Court has denied a preliminary injunction sought by plaintiffs who wanted to block the Nov. 20, 2014, vote by Kinder Morgan Energy Partners, L.P. (NYSE: KMP) unitholders on the proposals related to the merger transactions under which Kinder Morgan, Inc. (NYSE: KMI) will acquire all of the publicly held shares/units of KMP, Kinder Morgan Management, L ...
12y agoKMP KMI EPB KMRKinder Morgan to Expand Its Fleet of Jones Act TankersBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced the closing of an agreement with Crowley Maritime Corporation to purchase two Jones Act tankers for approximately $270 million. The MT Pennsylvania and the MT Florida engage in the marine transportation of crude oil, condensate and refined products in the United States, commonly referred to as the Jones Act t ...
12y agoKMP KMI EPB KMRKinder Morgan Announces Successful Open Season for Palmetto ProjectBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced that it has successfully closed a binding open season for the Palmetto Project and received committed volumes from shippers sufficient to support the project. The Palmetto Project will provide shippers a new refined products pipeline service to move gasoline, diesel and ethanol from Louisiana, Mississippi and ...
12y agoKMP KMI EPB KMRKinder Morgan Places Sierrita Pipeline in Service to Provide Natural Gas to Customers in MexicoBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced that the fully subscribed Sierrita Pipeline has begun service. The approximately 60-mile, 36-inch diameter pipeline provides approximately 200 million cubic feet per day of firm transportation capacity and extends from El Paso Natural Gas’ existing south mainlines near Tucson, Arizona, to the U.S.-Mexico bord ...
12y agoKMI KMP KMR EPBKinder Morgan Merger Transactions to Be Voted on Nov. 20, 2014Business WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI), Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE: EPB) today announced that KMI’s Registration Statement on Form S-4 has been declared effective by the Securities and Exchange Commission (SEC), and that each company has filed a proxy statement or proxy stat ...
12y agoKMI KMP EPB KMRNatural Gas Pipeline Company of America Announces Binding Open Season for the Chicago Market Expansion ProjectBusiness WireHOUSTON--(BUSINESS WIRE)--Natural Gas Pipeline Company of America LLC (NGPL) today announced the start of a 30-day binding open season to solicit interest in the potential expansion of its Gulf Coast mainline system from the Rockies Express Pipeline (REX) interconnection in Moultrie County, Illinois, to points north on NGPL’s pipeline system. This expansion project will increase NGPL’s capacity by ...
12y agoEPB KMI KMP KMREl Paso Pipeline Partners Reports Distributable Cash Flow Up 18 Percent versus Third Quarter 2013Business WireHOUSTON--(BUSINESS WIRE)--El Paso Pipeline Partners, L.P. (NYSE: EPB) today announced its third quarter cash distribution per common unit of $0.65 ($2.60 annualized) payable on Nov. 14, 2014, to unitholders of record as of Oct. 31, 2014. This distribution is the same as the second quarter 2014 distribution.
12y agoKMP KMI EPB KMRKinder Morgan Energy Partners Increases Quarterly Distribution to $1.40 Per Unit, up 4%Business WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today increased its quarterly cash distribution per common unit to $1.40 ($5.60 annualized) payable on Nov. 14, 2014, to unitholders of record as of Oct. 31, 2014. This represents a 4 percent increase over the third quarter 2013 cash distribution per unit of $1.35 ($5.40 annualized) and is up from $1.39 per unit ($5.56 annua ...
12y agoKMI KMP EPB KMRKinder Morgan, Inc. Increases Quarterly Dividend to $0.44 Per Share; Expects to Exceed 2014 Budgeted Dividend Per ShareBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) reported third quarter cash available to pay dividends of $435 million, up from $424 million for the same period a year ago, and remains on track to meet or exceed its published annual budget of $1.78 billion in cash available to pay dividends. For the first nine months of the year, the company reported cash available to pay dividends of $1 ...
12y agoKMP KMI EPB KMRTennessee Gas Pipeline Closes Successful Open Season for North-to-South Transportation Capacity to MexicoBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced that KMP’s Tennessee Gas Pipeline Company (TGP) successfully closed a binding open season for its South System Flexibility Project for 500,000 dekatherms per day (Dth/d) of capacity. MexGas Supply, formerly known as MGI Supply, the natural gas supply arm of Petróleos Mexicanos, has been awarded 100 percent of ...
12y agoKMP KMI EPB KMRKinder Morgan Energy Partners Announces Expansions at Pasadena and Galena Park Terminals on the Houston Ship ChannelBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced an expansion project at its Pasadena and Galena Park terminals that will provide additional infrastructure to help meet growing demand for refined product storage and dock services along the Houston Ship Channel. The combined investment of approximately $240 million will include the construction of 2.1 millio ...
12y agoCMLP DPM EPB HEP+6Barclays and OFI Global Asset Management announce the following changes to the Barclays OFI SteelPath Midstream MLP IndexBusiness WireNEW YORK--(BUSINESS WIRE)--Barclays Bank PLC (“Barclays”) and OFI Global Asset Management, which consists of OppenheimerFunds, Inc. and certain of its advisory subsidiaries, announced today that following the close of business on Friday, October 10, 2014, the following Index Constituents will be removed from the Barclays OFI SteelPath Midstream MLP Index (the “Index”):
12y agoKMP KMI EPB KMRKinder Morgan Announces Extension of Palmetto Project Open SeasonBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced an extension of the binding open season to solicit commitments for the proposed Palmetto Project, which offers shippers a new refined products service to move gasoline, diesel and ethanol from Louisiana, Mississippi and South Carolina to points in South Carolina, Georgia and Florida. The binding open season, ...
12y agoKMP KMI EPB KMRKinder Morgan Announces NOVA Chemicals as Anchor Shipper for UTOPIA ProjectBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced it has received a long-term transportation agreement from NOVA Chemicals Corporation (NOVA Chemicals) to transport ethane and ethane-propane mixtures from the prolific Utica shale area through its previously announced Utica To Ontario Pipeline Access (UTOPIA) project, which is currently in a binding open seas ...
12y agoKMP KMI EPB KMRTennessee Gas Pipeline Company Files Historic Natural Gas Capacity Proposal to Benefit the State of Maine and its ConsumersBusiness WireHOUSTON--(BUSINESS WIRE)--Tennessee Gas Pipeline Company (TGP), a Kinder Morgan Energy Partners, L.P. company, today filed a proposal with the Maine Public Utilities Commission offering the State of Maine a long-term contract for natural gas pipeline capacity with the goal of lowering overall energy costs for Maine consumers.
12y agoKMP KMI EPB KMRKinder Morgan Announces Binding Open Season for Ethane/Propane Movements out of the Utica ShaleBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced the launch of a binding open season to solicit commitments for the previously announced Utica To Ontario Pipeline Access (UTOPIA) project, which will provide opportunities to transport ethane and ethane-propane mixtures from the prolific Utica shale area.
12y agoKMI KMP KMR EPBKinder Morgan Receives Hart-Scott-Rodino ClearanceBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR) for its proposed acquisition of Kinder Morgan Energy Partners, L.P. (NYSE: KMP). The proposed acquisition was announced on Aug. 10, 2014, along with the proposed acquisitions of Kinder ...
12y agoEPBLaw Firm Brower Piven Announces Investigation of El Paso Pipeline Partners, L.P. Proposed BuyoutBusiness WireSTEVENSON, Md.--(BUSINESS WIRE)--The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of El Paso Pipeline Partners, L.P. (“EPB” or the “Company”) (NYSE:EPB) and other violations of state law by the board of directors of EPB relating to the proposed buyout of the Company by Kinder ...
12y agoKMI KMP KMR EPBKinder Morgan, Inc. to Purchase KMP, KMR and EPB; 2015 KMI Dividend to Increase to $2 per ShareBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI), Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE: EPB) today announced that KMI will acquire all of the outstanding equity securities of KMP, KMR and EPB.
12y agoKMP KMI EPB KMRKinder Morgan to Expand the Edmonton Crude Oil Rail Terminal Now under ConstructionBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners L.P. (NYSE: KMP) today announced that its 50-50 joint venture with Imperial Oil Limited (TSX: IMO) has entered into additional firm take or pay agreements with strong, credit worthy oil company majors sufficient to allow a planned expansion project to move forward by adding incremental capacity of 110,000 barrels per day (bpd) at the Edmonton ...
12y agoKMP KMI EPB KMRKMP Expanding Kinder Morgan Crude and Condensate SystemBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced it will invest approximately $54 million to build an interconnect and other facilities for its Kinder Morgan Crude and Condensate (KMCC) pipeline after entering into a long-term transportation agreement with Republic Midstream Marketing, LLC (Republic). Republic will construct a gathering pipeline from Lavaca ...
12y agoKMP KMI EPB KMRKinder Morgan Announces Open Season for Palmetto Project to Serve New Southeast MarketsBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced the launch of a binding open season to solicit commitments for the proposed Palmetto Project, which offers shippers a new refined products service to move gasoline, diesel and ethanol from Louisiana, Mississippi and South Carolina to points in South Carolina, Georgia and Florida. The approximately $1 billion ...
12y agoKMP KMI EPB KMRKinder Morgan Details Expansion Plans on EPNG to Export Natural Gas to MexicoBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced that El Paso Natural Gas Company (EPNG) has entered into a 21-year firm transportation agreement with Mexico’s Comisión Federal de Electricidad (CFE) to initially provide approximately 163,000 dekatherms per day (Dth/d) of firm transportation capacity by October 2014, ramping up to 200,000 Dth/d by October 20 ...
12y agoKMP KMI EPB KMRKinder Morgan Energy Partners Announces Initial Anchor Shippers for Northeast Energy Direct ProjectBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced it has reached agreement, subject to customary approvals, with key local natural gas distribution companies (LDCs) throughout New England to transport approximately 500,000 dekatherms per day (Dth/d) of long-term firm transportation on the market path component of Tennessee Gas Pipeline Company’s (TGP) Northe ...
12y agoEPB KMI KMP KMREl Paso Pipeline Partners Announces Quarterly Distribution of $0.65 Per UnitBusiness WireHOUSTON--(BUSINESS WIRE)--El Paso Pipeline Partners, L.P. (NYSE: EPB) today announced its second quarter cash distribution per common unit of $0.65 ($2.60 annualized) payable on Aug. 14, 2014, to unitholders of record as of July 31, 2014. This represents a 3 percent increase over the second quarter 2013 cash distribution per unit of $0.63 ($2.52 annualized) and is the same as the first quarter 201 ...
12y agoKMP KMR KMI EPBKinder Morgan Energy Partners Increases Quarterly Distribution to $1.39 Per Unit, up 5%Business WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today increased its quarterly cash distribution per common unit to $1.39 ($5.56 annualized) payable on Aug. 14, 2014, to unitholders of record as of July 31, 2014. This represents a 5 percent increase over the second quarter 2013 cash distribution per unit of $1.32 ($5.28 annualized) and is up from $1.38 per unit ($5.52 annu ...
12y agoKMI KMP EPB KMRKinder Morgan, Inc. Increases Quarterly Dividend to $0.43 Per ShareBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today reported second quarter cash available to pay dividends of $332 million, up 13 percent from $294 million for the same period a year ago, and remains on track to meet or exceed its published annual budget of $1.78 billion in cash available to pay dividends. For the first six months of the year, KMI reported cash available to pay divide ...
12y agoKMP KMI EPB KMRKMP to Build Additional Product Tanker for Growing FleetBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced it has expanded its contract with General Dynamics NASSCO for the design and construction of an additional 50,000 deadweight ton LNG-conversion-ready product tanker with a 330,000-barrel cargo capacity. Construction is scheduled to begin in the fourth quarter of 2015 with delivery slated for the second quarte ...
12y agoKMI KMP EPB KMRCompany Profile for Kinder MorganBusiness Wire--(BUSINESS WIRE)--Kinder Morgan is the largest midstream and the third largest energy company in North America with a combined enterprise value of approximately $100 billion. It owns an interest in or operates approximately 80,000 miles of pipelines and 180 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and c ...
12y agoKMP KMI EPB KMRKinder Morgan Set to Expand CO2 Footprint in Southwestern Colorado and New MexicoBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced it will invest approximately $671 million to grow its carbon dioxide (CO2) infrastructure in southwestern Colorado and New Mexico. The company plans to expand its CO2 production operations in the Cow Canyon area of the McElmo Dome source field in Montezuma County, Colo., and expand the approximately 500-mile ...
12y agoEPB KMI KMP KMREPB to Purchase Natural Gas Assets from Kinder Morgan, Inc. for Approximately $2 BillionBusiness WireHOUSTON--(BUSINESS WIRE)--El Paso Pipeline Partners, L.P. (NYSE: EPB), today announced that it will acquire from Kinder Morgan, Inc. (NYSE: KMI) KMI’s 50 percent interest in Ruby Pipeline, 50 percent interest in Gulf LNG and 47.5 percent interest in Young Gas Storage. The transaction value is approximately $2 billion, including $1.012 billion of proportionate debt at Ruby and Gulf LNG, resulting i ...
12y agoEPB KMI KMP KMREl Paso Pipeline Partners Reports Quarterly Distribution of $0.65 Per UnitBusiness WireHOUSTON--(BUSINESS WIRE)--El Paso Pipeline Partners, L.P. (NYSE: EPB) today announced its quarterly cash distribution per common unit of $0.65 ($2.60 annualized) payable on May 15, 2014, to unitholders of record as of April 30, 2014. This represents a 5 percent increase over the first quarter 2013 cash distribution per unit of $0.62 ($2.48 annualized) and is the same as the fourth quarter 2013 dis ...
12y agoKMP KMI EPB KMRKinder Morgan Energy Partners Increases Quarterly Distribution to $1.38 Per Unit, up 6%Business WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today increased its quarterly cash distribution per common unit to $1.38 ($5.52 annualized) payable on May 15, 2014, to unitholders of record as of April 30, 2014. This represents a 6 percent increase over the first quarter 2013 cash distribution per unit of $1.30 ($5.20 annualized) and is up from $1.36 per unit ($5.44 annua ...
12y agoKMI KMP EPB KMRKinder Morgan, Inc. Increases Quarterly Dividend to $0.42 Per ShareBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today reported first quarter cash available to pay dividends of $573 million, up 12 percent from $513 million for the same period a year ago, and remains on track to meet or exceed its published annual budget of $1.78 billion in cash available to pay dividends. The board of directors increased the quarterly cash dividend to $0.42 per share ...
12y agoKMP AR KMI EPB+1Tennessee Gas Pipeline Announces Successful Open SeasonBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced that KMP’s Tennessee Gas Pipeline Company (TGP) has awarded Antero Resources (NYSE: AR) 100 percent of the capacity offered in TGP’s binding open season for its proposed Broad Run Flexibility and Broad Run Expansion Projects. The open season, which closed April 11, totaled 790,000 dekatherms per day (Dth/d) f ...
12y agoKMP KMI EPB KMRKinder Morgan to Invest Approximately $1 Billion to Expand Vast CO2 NetworkBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced it will build and operate a new, 213-mile, 16-inch diameter pipeline to transport carbon dioxide (CO2) from the company’s St. Johns source field in Apache County, Ariz., to the Kinder Morgan-operated Cortez Pipeline in Torrance County, N.M. The new Lobos Pipeline will have an initial capacity of 300 million s ...
12y agoKMI KMP KMR EPBKinder Morgan Expects to Meet or Exceed 2014 Financial ExpectationsBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan today reconfirmed its 2014 financial dividend and distribution guidance for Kinder Morgan, Inc. (NYSE: KMI), Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE: EPB), and at KMP expects to generate distributable cash flow per unit nicely in excess of its budget targets.
12y agoKMI KMP KMR EPBKinder Morgan Companies File 2013 Annual ReportsBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI), Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE: EPB) have filed their annual reports on Form 10-K for the year ended Dec. 31, 2013, with the Securities and Exchange Commission (SEC). Annual reports on Form 10-K and shareholder/unitholder letters for KMI, ...
12y agoEPB KMI KMP KMREl Paso Pipeline Partners Reports Quarterly Distribution of $0.65 Per UnitBusiness WireHOUSTON--(BUSINESS WIRE)--El Paso Pipeline Partners, L.P. (NYSE: EPB) today reported its quarterly cash distribution per common unit of $0.65 ($2.60 annualized) payable on Feb. 14, 2014, to unitholders of record as of Jan. 31, 2014. This represents a 7 percent increase from the fourth quarter 2012 cash distribution per unit of $0.61 ($2.44 annualized) and remains flat from the third quarter 2013 d ...
12y agoKMP KMI EPB KMRKinder Morgan Energy Partners Increases Quarterly Distribution to $1.36 Per Unit, up 5%Business WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today increased its quarterly cash distribution per common unit to $1.36 ($5.44 annualized) payable on Feb. 14, 2014, to unitholders of record as of Jan. 31, 2014. This represents a 5 percent increase over the fourth quarter 2012 cash distribution per unit of $1.29 ($5.16 annualized) and is up from $1.35 per unit ($5.40 annu ...
12y agoKMI KMP EPB KMRKMI Cash Available to Pay Dividends up 21% over 2012Business WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today reported fourth quarter cash available to pay dividends of $482 million, an increase of 10 percent from $439 million for the comparable period in 2012. For the full year, KMI reported cash available to pay dividends of $1.713 billion, up 21 percent from $1.411 billion in 2012 and exceeding its published annual budget of $1.632 billion ...
12y agoKMP KMI EPB KMRKinder Morgan Announces Acquisition of Jones Act Shipping Tankers in U.S. for Approximately $962 MillionBusiness WireHOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced it has entered into a definitive agreement to acquire American Petroleum Tankers (APT) and State Class Tankers (SCT) from affiliates of The Blackstone Group and Cerberus Capital Management for $962 million in cash. APT and SCT are engaged in the marine transportation of crude oil, condensate and refined produ ...
12y agoKMP KMI EPB KMRKinder Morgan and Imperial Oil to Build Edmonton Crude Oil Rail TerminalBusiness WireCALGARY--(BUSINESS WIRE)--Kinder Morgan Energy Partners L.P. (NYSE: KMP) and Imperial Oil (IMO) today announced a 50-50 joint venture to build a crude oil rail-loading facility in Strathcona County, Alberta, called the Edmonton Rail Terminal.
12y agoMMP KMP APC KMI+2Double Eagle Pipeline Announces Expansion to Allow More Eagle Ford Shale Crude and Condensate to Move to Houston Ship ChannelBusiness WireHOUSTON & TULSA--(BUSINESS WIRE)--Kinder Morgan Crude and Condensate LLC (KMCC) and Double Eagle Pipeline LLC, a 50/50 joint venture between Magellan Midstream Partners, L.P. (NYSE: MMP) and Kinder Morgan Energy Partners, L.P. (NYSE: KMP), today announced that they have entered into a long-term agreement with Anadarko Petroleum Corporation (NYSE: APC) to transport Eagle Ford Shale production from ...