Kinder Morgan Energy Partners LP, the largest U.S. pipeline company, said on Wednesday its profit in the third quarter rose sharply and distributions rose 7 percent, helped by acquisitions.Kinder Morgan's quarterly distribution rose to $1.35 per unit, slightly above Wall Street expectations for $1.34 per share, according to Thomson Reuters I/B/E/S. The company's year-ago distribution was $1.26.The Houston-based master limited partnership reported net income of $697 million, up from $383 million a year earlier.The company's distributable cash flow rose 22 percent from a year earlier to $544 million. MLPs, a structure favored by energy companies, pay no taxes because they pay out nearly all profits in distributions to investors.
Kinder Morgan, Inc. (KMI) owns and manages a diversified portfolio of energy transportation and storage assets. Shares of KMI traded higher by 1.63% or $0.57/share to $35.62. In the past year, the shares have traded as low as $31.93 and as high as $41.49. On average, 5362510 shares of KMI exchange hands on a given day and today's volume is recorded at 5403584.
Kinder Morgan Energy Partners, L.P. (KMP) is a pipeline transportation and energy storage company in North America. Shares of KMP traded higher by 0.46% or $0.37/share to $80.14. In the past year, the shares have traded as low as $74.76 and as high as $92.99. On average, 1215100 shares of KMP exchange hands on a given day and today's volume is recorded at 1162599.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.17% or $-0.06/share to $34.56. In the past year, the shares have traded as low as $26.71 and as high as $36.04. On average, 781820 shares of TRI exchange hands on a given day and today's volume is recorded at 637287.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.75% or $-0.27/share to $35.74. In the past year, the shares have traded as low as $26.65 and as high as $36.98. On average, 798941 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 765828.
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