Kinder Morgan Energy Partners LP (NYSE:KMP) has released its fourth quarter earnings for 2009. The results showed a distributable cash flow of $341.8 million before certain items. The cash flow is 62% higher than the $11.0 million reported for the year ago period. Distributable cash flow per unit was $1.17 prior to certain items, compared to $0.81 reported for the comparable period of 2008. Read the full financial results online at http://www.kindermorgan.com/.
Top Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign up for our Free Stock Newsletter.
The company held a conference call at 4:30 pm January 20 to review the financial results. The call was broadcasted on the company’s website. It was archived on the site for instant replay after the end of the call. The webcast is now archived on the site on the Presentations/Webcasts page of the Investor information section.
Kinder Morgan Energy Partners, L.P. (KMP) is a pipeline transportation and energy storage company in North America. The Company owns an interest in or operate more than 26,000 miles of pipelines and approximately 170 terminals. The pipelines transport natural gas, gasoline, crude oil, carbon dioxide and other products, and the terminals store petroleum products and chemicals and handle bulk materials like coal and petroleum coke. KMP is also a provider of carbon dioxide for the oil recovery projects in North America. The Company operates in five business segments: product pipelines, natural gas pipelines, CO2 , terminals and Kinder Morgan Canada. On April 1, 2008, the Company sold its 25% equity ownership interest in Thunder Creek Gas Services, LLC to PVR Midstream LLC, subsidiary of Penn Virginia Corporation. In October 2009, Crosstex Energy, L.P. and Crosstex Energy, Inc. completed the sale of its natural gas treating business to Kinder Morgan Energy Partners, L.P.
Sign up for Top Best Penny Stocks' free newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
Follow us on Twitter: http://www.Twitter.com/topbestps
About Us
Top Best Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.
