Kinder Morgan Inc.
) reaffirmed its 2014 financial dividend and distribution
Kinder Morgan Energy Partners, L.P.
Kinder Morgan Management, LLC
El Paso Pipeline Partners, L.P.
). Management also expects KMP to generate distributable cash
flow per unit in excess of its budget targets.
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 chemicals and handle such products as ethanol, coal,
petroleum coke and steel. Kinder Morgan owns the general partner
interest of Kinder Morgan Energy Partners and El Paso Pipeline
Partners, along with limited partner interests in KMP and EPB and
shares in Kinder Morgan Management.
Per the guidance, strong growth is expected throughout the Kinder
Morgan family of companies, wherein $14.8 billion worth of
projects have been identified for expansion and joint venture
Kinder Morgan Inc. is likely to declare dividends of $1.72 per
share for 2014, up about 8% from its 2013 declared dividend of
$1.60 per share. Growth at Kinder Morgan in 2014 is expected to
be driven by continued strong performance at Kinder Morgan Energy
Partners and contributions from El Paso Pipeline Partners.
Kinder Morgan Energy Partners expects to declare cash
distributions of $5.58 per unit for 2014, a 5% increase over its
2013 distribution of $5.33 per unit. The partnership also expects
to exceed its distributable cash flow per unit target primarily
as a result of the positive impact of tanker acquisition of
approximately $962 million in Dec 2013. It expects steady growth
opportunities across all business segments, including the need
for more midstream infrastructure to move and store oil, gas and
liquids from the prolific shale play in the United States and the
oilsands in Alberta.
Kinder Morgan Management also expects to declare distributions of
$5.58 per share for 2014, which will be paid in the form of
El Paso Pipeline Partners expects to declare cash distributions
of $2.60 per unit for 2014, a 2% increase over its 2013
distribution of $2.55 per unit.
Both Kinder Morgan Inc. and Kinder Morgan Energy Partners carry a
Zacks Rank #3 (Hold). El Paso Pipeline Partners currently
carries a Zacks Rank #4 (Sell). However, Kinder Morgan Management
is a better-ranked stock with a Zacks Rank #2 (Buy).
EL PASO PIPELIN (EPB): Free Stock Analysis
KINDER MORGAN (KMI): Free Stock Analysis
KINDER MORG ENG (KMP): Free Stock Analysis
KINDER MORG MGT (KMR): Free Stock Analysis
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