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Kinder Morgan Energy Partners Message Board

  • c_h_a_r_t_n_y c_h_a_r_t_n_y Jul 16, 2008 7:17 PM Flag

    KMP $.99

    "Kinder Morgan Prtnrs beats by $0.09, beats on revs Reports Q2 (Jun) earnings of $0.64 per share, $0.09 better than the First Call consensus of $0.55; revenues rose 47.7% year/year to $3.5 bln vs the $2.74 bln consensus."

    Increased distribution +16.5% this year over last, yield 6.9% at today's price.

    Ho hum market did not care.

    They only returned +103% total return for the last 5 years.

    Oh well life is good in the boring world of investing.


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    • Chart;

      Excellent post as always. Based on King Richard's projected distributions for 2008 of $4.02, high school math says that to reach that number, the November 2008 dist should be at LEAST $1.15. If that isn;t something to look forward to, I don;t know what is.

      Rock On KMR-KMP!

      • 1 Reply to sailor308
      • I think you are including the distribution paid in Feb in the 2008 total. That distribution was for the quarter ended Dec 31 2007, so is a 2007 distribution even though it was paid in Feb 2008.

        Based on original 4.02 guidance, I expect Nov 2008 and Feb 2009 (still 2008 distribution) distributions to be 1.02 and 1.05. But now they are forcasting upside to these :-)

        Math: 0.96+0.99+1.02+1.05 = 4.02

    • According to the earnings release, they are looking at $4.02 in distributions for 2008. A bank with these numbers would have sky-rocketed this week.

    • Always a pleasure to read comments from someone who views the big picture and doesn't get entangled in dissecting every line item for hidden content. I always try to ignore, however amusing, the suspicious and political diatribes that get wrapped up in their own paranoia about the motives of Kinder or Obama or "hedge funds" or "big players". Kinder has done well for me, and I hope for most other unit holders. Thanks again, Chart, for you very clear thinking.