Kinder Morgan Energy Partners LP, the largest U.S. pipeline company, said on Wednesday its quarterly income and distributions rose in the fourth quarter, helped by acquisitions.The Houston-based master limited partnership's (MLP) quarterly distribution rose to $1.36 per unit, up 5 percent. The partnership's distributable cash flow rose 28 percent from a year earlier to $635 million.MLPs, a corporate structure favored by energy companies, grow through acquisition and pay no taxes because nearly all profits are paid out to investors in the form of distributions.Including certain items, the partnership's net income was $818 million compared with $647 million for the fourth quarter last year.
Kinder Morgan, Inc. (KMI) owns and manages a diversified portfolio of energy transportation and storage assets. Shares of KMI fell by 0.03% or $-0.01/share to $35.49. In the past year, the shares have traded as low as $32.30 and as high as $41.49. On average, 5910930 shares of KMI exchange hands on a given day and today's volume is recorded at 6329254.
Kinder Morgan Energy Partners, L.P. (KMP) is a pipeline transportation and energy storage company in North America. Shares of KMP traded higher by 0.15% or $0.12/share to $80.53. In the past year, the shares have traded as low as $77.13 and as high as $92.99. On average, 1031300 shares of KMP exchange hands on a given day and today's volume is recorded at 1034468.
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