The CO 2 segment is an area where KMP is exposed to commodity price risk, but that risk is partially mitigated by a long-term hedging strategy intended to generate more stable realized prices. The realized weighted average oil price per barrel for the quarter, with all hedges allocated to oil, was $70.43 versus $59.54 for the same period in 2010. The realized weighted average NGL price per barrel for the quarter, allocating none of the hedges to NGLs, was $68.86 compared to $46.73 for the same period last year.The Terminals business produced third quarter segment earnings before DD&A and certain items of $180.4 million, up 10 percent from $164.0 million for the comparable period in 2010, and is expected to come in slightly below its published annual budget of 10 percent growth.
Kinder Morgan Energy Partners Increases Quarterly Distribution To $1.16 Per Unit
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