Key Developments: EL Paso Pipeline Partners LP (EPB)
43.05USD
23 May 2013
$-0.47 (-1.08%)
$43.52
$43.12
$43.19
$42.74
500,430
428,780
$44.76
$31.08
Latest Key Developments (Source: Significant Developments)
EL Paso Pipeline Partners LP Increases Quarterly Distribution to $0.62 Per Unit
EL Paso Pipeline Partners LP announced that it increased its quarterly cash distribution per common unit to $0.62 ($2.48 annualized) payable on May 15, 2013, to unitholders of record as of April 29, 2013. This represents a 22% increase over the first quarter 2012 cash distribution per unit of $0.51 ($2.04 annualized) and is up from $0.61 per unit ($2.44 annualized) for the fourth quarter of 2012. Full Article
Royal Dutch Shell PLC and El Paso Pipeline Partners LP To Jointly Export LNG From United States-Reuters
Reuters reported that Royal Dutch Shell PLC said it will tie up with Kinder Morgan Inc to export liquefied natural gas (LNG) from a terminal near Savannah, Georgia. El Paso Pipeline Partners LP, a Kinder Morgan unit, and Shell will form a limited liability company to develop a natural gas liquefaction plant at Southern LNG Co LLC's existing terminal. El Paso Pipeline, through its affiliates, will own 51% of the entity and operate the facility, while Shell will own the rest. Full Article
EL Paso Pipeline Partners LP Announces President Change-Form 8-K
EL Paso Pipeline Partners LP reported in its Form 8-K that effective March 31, 2013, C. Park Shaper will resign from his positions as President and Director of El Paso Pipeline GP Company, L.L.C., the general partner of EPB (General Partner). Steven J. Kean, currently Executive Vice President and Chief Operating Officer and a Director of the General Partner, will become President and Chief Operating Officer, effective March 31, 2013. Full Article
EL Paso Pipeline Partners LP Increases Quarterly Distribution To $0.61 Per Unit
EL Paso Pipeline Partners LP announced that it has increased its quarterly cash distribution per common unit to $0.61 ($2.44 annualized) payable on February 14, 2013, to unitholders of record as of January 31, 2013. Full Article
EL Paso Pipeline Partners LP Issues FY 2013 EBITDA Guidance Above Analysts' Estimates-Conference Call
EL Paso Pipeline Partners LP announced that for fiscal 2013, it expect to report EBITDA of $1.22 billion. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EBITDA of $1.20 billion for fiscal 2013. Full Article
EL Paso Pipeline Partners LP Increases Quarterly Distribution to $0.58 Per Unit
EL Paso Pipeline Partners LP announced that it increased its quarterly cash distribution per common unit to $0.58 ($2.32 annualized) payable on Nov. 14, 2012, to unitholders of record as of Oct. 31, 2012. This represents an 18% increase over the third quarter 2011 cash distribution per unit of $0.49 ($1.96 annualized) and a 5 percent increase from $0.55 per unit ($2.20 annualized) for the second quarter of 2012. Full Article
El Paso Pipeline Partners, L.P. Increases Quarterly Distribution to $0.55 Per Unit
El Paso Pipeline Partners, L.P. announced that it increased its quarterly cash distribution per common unit to $0.55 ($2.20 annualized) payable on Aug. 14, 2012, to unitholders of record as of July 31, 2012. This represents a 15% increase over the second quarter 2011 cash distribution per unit of $0.48 ($1.92 annualized) and an 8% increase from $0.51 per unit ($2.04 annualized) for the first quarter of 2012. Full Article
El Paso Pipeline Partners, L.P. Agrees To Acquire Cheyenne Plains Pipeline And Additional Interest In Colorado Interstate Gas From El Paso Corporation
El Paso Pipeline Partners, L.P. announced that it has agreed to acquire the remaining 14% interest in Colorado Interstate Gas Company, L.L.C. (CIG) and all of Cheyenne Plains Investment Company, L.L.C., which owns Cheyenne Plains Gas Pipeline Company, L.L.C. from El Paso Corporation for $635 million and the assumption of approximately $242 million of proportional debt. The transaction, which is expected to close contemporaneously with Kinder Morgan, Inc.'s acquisition of El Paso Corporation, will be immediately accretive to distributable cash flow and is being funded with approximately $571 million of cash from borrowings under EPB's revolving credit facility and $64 million of equity from the issuance of common units to El Paso Corporation. El Paso Corporation will make an approximate $1 million general partner capital contribution to maintain 2% general partner interest in El Paso Pipeline Partners, L.P. The terms of the transaction were unanimously approved by the Board of Directors of the general partner, El Paso Pipeline GP Company, L.L.C., based in part on the unanimous approval and recommendation of the Board's conflicts committee, which is comprised entirely of independent directors. The conflicts committee engaged Tudor, Pickering, Holt & Co. to act as independent financial advisor and to render a fairness opinion. Full Article
El Paso Pipeline Partners, L.P. Increases Quarterly Cash Distribution
El Paso Pipeline Partners, L.P. announced that the Board of Directors of its general partner has declared a $0.51 per unit quarterly cash distribution for the first quarter of 2012, or $2.04 per unit on an annualized basis. This distribution represents an 11% increase from the $0.46 per unit paid for the first quarter 2011 and a 2% increase from the $0.50 per unit paid for the fourth quarter 2011. The distribution will be paid May 15, 2012, on all outstanding units to holders of record as of the close of business on May 1, 2012. Full Article
El Paso Pipeline Partners, L.P. Increases Quarterly Cash Distribution
El Paso Pipeline Partners, L.P. announced that the Board of Directors of its general partner has declared a $0.50 per unit quarterly cash distribution for the fourth quarter of 2011, or $2.00 per unit on an annualized basis. This distribution represents a 14% increase from the $0.44 per unit paid for the fourth quarter 2010 and a 2% increase from the $0.49 per unit paid for the third quarter 2011. The distribution will be paid February 14, 2012, on all outstanding units to holders of record as of the close of business on January 31, 2012. Full Article
Shell, Kinder Morgan to jointly export LNG from the United States
Jan 28 - Royal Dutch Shell Plc said it will tie up with Kinder Morgan Inc to export liquefied natural gas (LNG) from a terminal near Savannah, Georgia.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
