Kinder Morgan Energy Partners (KMP) reported its third quarter results of 40 cents per limited partner unit versus the Zacks Consensus Estimate of 38 cents and year-earlier earnings of 54 cents. All the business segments experienced year over year growth except for the CO2 business, which was negatively impacted by significantly lower crude oil prices. Importantly, the partnership increased its quarterly distribution by 3% to $1.05 per unit ($4.20 annualized) from $1.02 per unit ($4.08 annualized) in the year-ago quarter. The new distribution is payable on Nov 13 to unitholders of record on Oct 30, 2009. Kinder Morgan’s distributable cash flow for the quarter before one-time items was $320 million, up 14% year over year. Distributable cash flow per unit was $1.12, up nearly 3% year over year. The Product Pipeline segment registered earnings before depreciation, ...

GMX Resources Inc. (GMXR) recently agreed to sell a 40% interest in its gas gathering and compression business to Kinder Morgan Energy Partners L.P. (KMP) for $36 million. The closing of the transaction is subject to customary closing conditions and is expected to conclude in early November. This transaction will fund GMX’s addition of a second rig to the Haynesville/Bossier Shale horizontal drilling program. The salt water disposal assets and other poly pipelines will not be part of the transaction and will continue to be wholly owned by Endeavor Pipeline Inc., a wholly owned subsidiary of GMX Resources. The gas gathering and compression business provides gathering services to the company in its Cotton Valley Sands and Haynesville/Bossier Shale horizontal developments in East Texas. It will provide funding for future infrastructure needs to support GMX's anticipated production growth. Separately, GMX said its second FlexRig 3 ...

Late last week, Kinder Morgan Energy Partners LP (KMP) closed the previously announced acquisition of natural gas treating business from Dallas-based Crosstex Energy LP (XTEX) and its general partner Crosstex Energy Inc. (XTXI) for approximately $266 million.  As part of the transaction, Kinder Morgan purchased approximately 290 amine-treating and dew-point control plants from natural gas company Crosstex. These plants are primarily located in Texas and Louisiana , with additional facilities in Mississippi , Oklahoma , Arkansas and Kansas.  Kinder Morgan will use these natural gas treatment plants in servicing its Texas Intrastate customers and to other producers in various supply basins, including the fast growing shale plays. Following the deal, Kinder Morgan has become the largest provider of contracted natural gas treating services in the country.  The Crosstex asset acquisition will allow the partnership to expand its natural gas business through the inclusion ...

Kinder Morgan Energy Partners, L.P. (KMP) -- the largest independent owner and operator of petroleum product pipelines in the U.S. -- completed its first commercial shipment of bio-diesel through its Plantation Pipeline Company. The process, a technological breakthrough in transporting bio-diesel through pipelines, carried the fuel to various marketing terminals across Georgia and Virginia.Until now, shipment of bio-diesel has been limited to trucks and trains due to several problems in passing bio-diesel through pipelines. Bio-diesel tends to contaminate other fuels, particularly jet fuels, flowing through the same pipeline. Kinder Morgan's breakthrough was to identify a proprietary additive that prevents this contamination. The injection of this additive -- B99 -- has enabled the pipeline transportation.We believe that the Plantation Pipeline project should go a long way toward meeting demand for bio-diesel across the Southeast. Moreover, the ability to blend and transport bio-diesel through ...

On Monday, June 29, interim service began on REX East, the eastern section of Kinder Morgan Energy Partners' (KMP) 1,679-mile multi-state Rockies Express Pipeline (REX). With a capacity of 1.6 billion cubic feet per day (Bcf/d), natural gas started flowing on the 444-mile segment of the $6.6 billion pipeline that runs from Audrain County, Missouri, to the Lebanon interconnection point in Warren County, Ohio. Earlier, during May last year, the western section of the pipeline (REX West) came online. The 713-mile pipeline runs from the Cheyenne hub in Weld County, Colorado, to a major delivery point in Brown County, Kansas and has a capacity of 1.5 Bcf/d.

The remaining portion of the 639-mile 42-inch diameter Rex East pipeline, which will end in Clarington, Ohio, is expected to be operational by November 1, 2009. When fully completed, the entire 1,679-mile pipeline will be capable of transporting roughly

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Earnings Reports: 3 Stand-Out Stocks & The Post Earnings Announcement Drift

by Matthew Weinschenk, Senior Analyst, The White Cap Report

Editor’s Note: In a recent article, Matt Weinschenk showed White Cap subscribers an easy way to sort through the earnings reports that have been coming out. We’re republishing it here because following earnings is a key concept in our Investment U course and Matt gives us his insight on taking advantage of them…

Investors eyed this batch of quarterly earnings with more anticipation and scrutiny than any in recent memory. And who can blame them, really?

With a recession in full swing, companies lining up for government bailouts and economists taking to the streets of New York with “The End is Near” sandwich boards, nobody knew what to expect.

Earnings reports, however, tell the real, unabridged story of what’s happening with America’s businesses…

So now that most of the numbers are

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Kinder Morgan Energy Partners LP's (KMP) MACD indicator has moved into bearish territory with a reading of -0.0660. The Zacks #5 Rank ("Strong Sell") stock has declined more than 1% to $46.19 in morning trade. Analysts have been reducing their full-year earnings estimates, with the consensus down 18 cents over the past 30 days to $1.48 per share.

"KMP" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Kinder Morgan Energy Partners L.P. (KMP) dropped close to its 50-day moving average of $46.33 at noon. The average forecast on the company's full-year profit has gone down by 27 cents per share to $1.48 in the last month. KMP is a Zacks#4 Rank ("Sell") stock.

Zacks Investment Research

In every new Administration, there are some fresh faces and some holdovers. Among the holdovers on the economic team is Ms. Rosy Scenario. The president's budget assumes that while this will be a rough year, particularly in the first half, things will start to get better in the second half, and will be much stronger in 2010.

The graph below shows the year-over-year growth rates expected for each year out to 2014. I think they are all too high, but for 2010, the administration's forecast is the highest and, therefore, the most off base. Yes, the stimulus will help, but the underlying situation is much more dire than the forecasters admit. We are caught up in a vicious cycle, where declining wealth has lead to lower consumption, which has lead to decreases in production, which has lead to more unemployment, causing more stress on the financial system, causing more

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The Gas Prices Rollercoaster: Why Energy & Infrastructure Are Inextricably Combined

by David Fessler, Advisory Panelist, Investment U Friday, January 16, 2008: Issue #917

President-elect Obama takes office in less than a week’s time. While many will be watching closely to see how he handles the ongoing financial crisis, I’ll be equally interested to see how he handles a far more ominous one: our ongoing energy and infrastructure crisis.

Regular readers know I believe energy and infrastructure are inextricably combined. We need cheap energy to fuel sustained economic growth. And we need infrastructure in place to move and dispense the energy from its source to its destination. Today I’m going to give you a perfect example of how the two are intertwined, and how one can play off the other to create a positive benefit for all.

In the face of gas prices that are less than half of what they were only a

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