Driven by pipeline earnings within its master limited partnership (MLP) and a solid performance from fee-based assets, Kinder Morgan Inc. (KMI) reported a 29% increase in second quarter earnings on Wednesday. The company also announced major changes to its executive compensation policies to more closely align with what the CEO called shareholder interests.
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Kinder Morgan Revises Compensation Policy, Sees 2Q Earnings Up 29%
Driven by pipeline earnings within its master limited partnership (MLP) and a solid performance from fee-based assets, Kinder Morgan Inc. (KMI) reported a 29% increase in second quarter earnings on Wednesday. The company also announced major changes to its executive compensation policies to more closely align with what the CEO called shareholder interests.
July 17, 2003
Dynegy Drops Bid to Raise Money Through MLP
Dynegy Energy Partners LP, a master limited partnership (MLP) formed last year to raise money for its cash-poor parent, on Friday canceled plans to go public.
May 5, 2003
Kinder Morgan Expects to Beat 3Q Estimates
Kinder Morgan Inc. (KMI) and its master limited partnership Kinder Morgan Energy Partners LP (KMP) both expect to beat third-quarter consensus earnings estimates, management said Tuesday.
October 9, 2002
Williams Partnership Buys Pipeline to Generate Earnings
The master limited partnership of Williams Energy Partners LP (WEG), has signed an agreement to acquire a refined petroleum products pipeline system from Tesoro Petroleum Corp. for $110 million. The acquisition is expected to close during mid-October, pending approval from appropriate regulatory agencies.
August 27, 2002
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