Key Developments: Kinder Morgan Energy Partners LP (KMP)

KMP on New York Consolidated

102.03USD
26 Nov 2014
Price Change (% chg)

$1.98 (+1.98%)
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Latest Key Developments (Source: Significant Developments)

Kinder Morgan Energy Partners increases quarterly distribution
Wednesday, 15 Oct 2014 04:06pm EDT 

Kinder Morgan Energy Partners:Increases its quarterly cash distribution per common unit to $1.40 ($5.60 annualized).Payable on Nov. 14 to unitholders of record as of Oct. 31.  Full Article

Kinder Morgan, Inc to Purchase KMP, KMR and EPB
Sunday, 10 Aug 2014 05:00pm EDT 

Kinder Morgan, Inc:Says that it will acquire all of the outstanding equity securities of Kinder Morgan Energy Partners, L.P.(KMP), Kinder Morgan Management, LLC (KMR) and El Paso Pipeline Partners, L.P. (EPB).The company unitholders will receive 2.1931 KMI shares and $10.77 in cash for each KMP unit.Says this results in a price of $89.98 per unit, a 12 percent premium based on the Aug. 8, 2014, closing prices.Says this is a premium of 11.4 percent based on the July 16 closing price reference date used by the parties during the negotiation of the transaction.KMR shareholders will receive 2.4849 KMI shares for each share of KMR.Says this results in a price of $89.75 per share, a 16.5 percent premium based on the Aug. 8, 2014, closing prices.Says this is a premium of 16 percent based on the July 16 reference date used by the parties in the negotiation.Says the parties negotiated consideration for KMR shares equal to the consideration for KMP units, using the July 16 reference date.EPB unitholders will receive .9451 KMI shares and $4.65 in cash for each EPB unit.Says this results in a price of $38.79 per unit, a 15.4 percent premium based on the Aug. 8, 2014, closing prices.  Full Article

Kinder Morgan Energy Partners increases quarterly distribution to $1.39 per unit, up 5 pct
Wednesday, 16 Jul 2014 04:06pm EDT 

Kinder Morgan Energy Partners LP:Increases quarterly cash distribution per common unit to $1.39 ($5.56 annualized) payable on Aug. 14, 2014, to unitholders of record as of July 31, 2014.  Full Article

Kinder Morgan Partners LP to build additional product tanker for growing fleet
Monday, 16 Jun 2014 12:05pm EDT 

Kinder Morgan Partners LP:Says it expands its contract with General Dynamics NASSCO for design and construction of an additional 50,000 deadweight ton LNG-conversion-ready product tanker with a 330,000-barrel cargo capacity.Construction is scheduled to begin in fourth quarter of 2015 with delivery slated for the second quarter of 2017.This new tanker will be constructed as sister tanker to the four Jones Act tankers KMP currently has under construction at the NASSCO shipyard in San Diego.  Full Article

Kinder Morgan Partners increases quarterly distribution
Wednesday, 16 Apr 2014 04:06pm EDT 

Kinder Morgan Partners LP:Declares quarterly cash distribution per common unit to $1.38.Payable on May 15, to unitholders of record as of April 30.  Full Article

Huntington Ingalls Industries Inc to explore opportunities for Avondale Redevelopment with Kinder Morgan Energy Partners LP
Friday, 11 Apr 2014 07:14am EDT 

Huntington Ingalls Industries Inc:Says it will conduct a study with Kinder Morgan Energy Partners, L.P to explore redeveloping Huntington Ingalls Industries' Avondale shipyard in Louisiana.The study will explore and evaluate best-use opportunities for the facility.Once the study is completed and a determination has been made for an economically viable, best use of the facility, HII and Kinder Morgan Energy Partners may pursue the formation of a joint venture to re-purpose the Avondale site.  Full Article

Kinder Morgan Energy Partners LP to buy two tanker cos for $962 mln - Reuters
Monday, 23 Dec 2013 08:11am EST 

Kinder Morgan Energy Partners LP:Says it would buy two tanker companies from affiliates of Blackstone Group and Cerberus Capital Management for $962 million in cash - Reuters.  Full Article

Kinder Morgan Energy Partners LP files application to expand Trans Mountain pipeline-Reuters
Monday, 16 Dec 2013 03:02pm EST 

Kinder Morgan Energy Partners LP:Filed an application with Canadian regulators on Dec. 16 to build the facilities necessary to expand its Trans Mountain crude oil pipeline to 890,000 barrels per day-Reuters.The NEB will now establish a hearing schedule to review the application, and the project will undergo a public regulatory review.If it is approved, Kinder Morgan expects the expanded pipeline to be operational in late 2017.  Full Article

Kinder Morgan Energy Partners LP Increases Quarterly Distribution to $1.35 Per Unit
Wednesday, 16 Oct 2013 04:06pm EDT 

Kinder Morgan Energy Partners LP announced that it increased its quarterly cash distribution per common unit to $1.35 ($5.40 annualized) payable on Nov. 14, 2013, to unitholders of record as of Oct. 31, 2013. This represents a 7% increase over the third quarter 2012 cash distribution per unit of $1.26 ($5.04 annualized) and is up from $1.32 per unit ($5.28 annualized) for the second quarter of 2013.  Full Article

Kinder Morgan Energy Partners LP Increases Quarterly Distribution To $1.32 Per Unit
Wednesday, 17 Jul 2013 04:06pm EDT 

Kinder Morgan Energy Partners LP announced that it has increased its quarterly cash distribution per common unit to $1.32 ($5.28 annualized) payable on August 14, 2013, to unitholders of record as of July 31, 2013.  Full Article

Kinder Morgan resumes work on Canadian pipeline expansion

VANCOUVER, Nov 21 - Kinder Morgan Energy Partners said on Friday that crews have resumed survey work related to its Trans Mountain pipeline expansion project in the Vancouver suburb of Burnaby, even as Canadian police arrested more protesters at two work sites.

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