This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Kinder Morgan Energy Partners Distributes $4.98 Per Unit For 2012 – Meets Annual Budget

The CO 2 business produced fourth quarter segment earnings before DD&A and certain items of $337 million, up 20 percent from $281 million for the same period in 2011. For the year, CO 2 produced $1.326 billion of segment earnings before DD&A and certain items, up 21 percent from $1.094 billion in 2011, but short of its published annual budget for 26 percent growth due to lower NGL prices. NGL prices were about 22 percent lower than budgeted.

“Our CO 2 business had a remarkable year and would have achieved its budget if it weren’t for low NGL prices,” Kinder said. “For 2012, growth was driven by increased oil production at SACROC and the Katz Field, record NGL production at the Snyder Gasoline Plant and slightly higher oil prices versus 2011. Growth in the fourth quarter was led by strong volumes at SACROC, with oil production reaching over 30,000 barrels per day, and record NGL production.”

Oil production at the SACROC Unit increased to 30.6 thousand barrels per day (MBbl/d) in the fourth quarter, up 10 percent from 27.8 MBbl/d for the same period last year, and above plan for the year. Production continued to be relatively stable at the Yates Field, which produced 20.8 MBbl/d in the fourth quarter, about a 5 percent decline compared to the same period last year, but above third quarter production and just slightly below plan for the full year. Production at the Katz Field was 1.8 MBbl/d in the fourth quarter, up significantly from 1.0 MBbl/d for the same period last year, but flat with the third quarter and well below its annual plan. The average West Texas Intermediate (WTI) crude oil price for the full year was $94.21, slightly higher than the budgeted projection of $93.75.

4 of 9

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.64 -0.11%
FB $118.57 0.84%
GOOG $698.21 0.75%
TSLA $241.80 0.43%
YHOO $36.53 -0.19%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs