Tag Archives: KMI

What’s next for MLPs?

For my first post back I want to update the last post I did before my hiatus. On Feb 10, I posted on how well the MLP sector did in January, with it being the second best January ever, and that good early year performance usually leads to strong results going forward. Lets see what the MLP sector has been up to since then. The chart below shows the performance of the AMJ ETF that tracks the MLP sector. What a year so far is all I can say! The MLP index total return for Q1 2013 was 19.7%, far … Continue reading

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Kinder Morgan reports spectacular Q3 2012 Results

Kinder Morgan kicked off MLP earnings season on October 17 with a very strong report. I’ll briefly discuss the report and then discuss valuation and expected future returns for the Kinder Morgan family of companies. Kinder Morgan’s Q3 2012 earnings were very strong. The full press release is here for KMP, here for KMI, and here for EPB. A few words from the release and from Rich Kinder, the Chairman sums up the results nicely. Kinder Morgan Energy Partners Increases Quarterly Distribution to $1.26 Per Unit Distribution 9% Higher Than Third Quarter 2011HOUSTON–(BUSINESS WIRE)–Oct. 17, 2012– Kinder Morgan Energy Partners, L.P. (NYSE: … Continue reading

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Kinder Morgan Q4’11 earnings – steady & increasing growth

Kinder Morgan announced Q4 2011 earnings after market on Jan 18, 2011. Being one of the top 3 MLPs by size, having the most diverse business, and being one of the best managed MLPs I think its illustrative of what is going on in the MLP sector to look at their earnings. This coming week KMP will also hold their annual investor day. The details of KMP’s earnings can be found here. At a high level, Kinder Morgan had yet another record quarter and again increased distribution to their limited partners. Distributions increased to $1.16 per unit from $1.13 per … Continue reading

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MLP valuation for January 2012

It’s a good time to update the valuation for one of my favorite sectors for income investors and retirees, MLPs. MLPs had another great year in 2011, especially during Q4. The sector returned 14% for the year vs 2% for the SP500. I’ll spare everyone the suspense buildup of the next 600 words or so and say that I think that the sector is slightly overvalued on a short term basis but many individual MLP names are offering good value. On a longer term view the sector is still very compelling. As I write this on Jan 13, 2012 there … Continue reading

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KMP reports Q2 2011 results

Earnings season for the MLP sector officially got underway last night with Kinder Morgan reporting Q2 2011 results. The highlight of the release was a distribution increase to $1.15 per unit or $4.60 annualized. KMP currently yields 6.3% on this dividend. From the release: HOUSTON, July 20, 2011 – Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today increased its quarterly cash distribution per common unit to $1.15 ($4.60 annualized) payable on Aug. 12, 2011, to unitholders of record as of Aug. 1, 2011. The distribution represents a 6 percent increase over the second quarter 2010 cash distribution per unit of $1.09 … Continue reading

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Opportunity brewing in MLP land

There looks to be a correction developing in the MLP sector that may bring up a significant opportunity that income investors should begin to have a plan for. Lets look at the drop in prices recently, potential reasons for the drop, and what it means for the sector and more importantly investors. As of 1PM or so Eastern time most of the MLP names are down between 5-13% off their highs. Here are recent prices for the MLPs that I follow and how much they are off their 52 week highs. Definitely looks like a correction is brewing if not … Continue reading

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KMP delivers strong Q1 – yet again

Kinder Morgan (KMP, KMR, KMI) reported Q1 2011 results last night after market close. Here is the summary from the press release. Kinder Morgan Energy Partners Increases Quarterly Distribution to $1.14 Per Unit Distribution 7% Higher Than First Quarter 2010 HOUSTON, Apr 20, 2011 (BUSINESS WIRE) — Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today increased its quarterly cash distribution per common unit to $1.14 ($4.56 annualized) payable on May 13, 2011, to unitholders of record as of April 29, 2011. The distribution represents a 7 percent increase over the first quarter 2010 cash distribution per unit of $1.07 ($4.28 … Continue reading

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Kinder Morgan GP (KMI) is worth a look

On Feb 11, 2011 the general partner of KMP went public under the symbol KMI. The GP was taken private by a consortium of private equity firms a few years ago and now is back as a public entity. I’ve posted on KMP several times in the past (latest post here) and it is one of my favorite MLPs. Its asset foot print is very large and diversified and it has an impressive track record of meeting commitments to shareholders and delivering strong returns, 26% CAGR since going public in 1996. With the recent IPO I was interested to see … Continue reading

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