An investor's must-know guide to El Paso's 2014 growth outlook (Part 1 of 4)
El Paso Pipeline Partners
On April 16, 2014, El Paso Pipeline Partners (EPB) presented its earnings for the first quarter of 2014. El Paso Pipeline Partners is a master limited partnership that owns and operates natural gas transportation pipelines, storage and other midstream assets. EPB was acquired by Kinder Morgan, Inc. (KMI) in 2012. EPB owns more than 13,000 miles of pipeline and associated storage facilities with aggregate storage capacity of nearly 100 billion cubic feet (Bcf). It offers natural gas transmission services to a range of customers, including natural gas distribution and industrial companies, electric generation companies, natural gas producers, other natural gas pipelines, and natural gas marketing and trading companies.
Kinder Morgan, Inc. (KMI) owns the general partner interest as well as the limited partner interest in the El Paso Pipeline Partners (EPB). KMI completed a ~$38.0 billion acquisition of El Paso Corporation (EPB) in May 2012. Kinder Morgan Energy Partners (KMP) is one of the largest master limited partnerships operating in the midstream energy space. Other major companies operating in the same sector as KMP include Targa Resource Partners (NGLS), Regency Energy Partners (RGP), Plains All American Pipeline (PAA), and Energy Products Partners (EPD). All of these companies are components of the Alerian MLP ETF (AMLP). KMP is part of the Alerian MLP ETF (AMLP), as well as the MLPA ETF. KMI is part of the MLPX ETF.
In the next part, we will discuss the 1Q14 earnings and the key trends noticed in EPB.
Browse this series on Market Realist:
- Part 2 - Why did El Paso announce a capex guidance of 1 billion for 2014?
- Part 3 - Why did El Paso choose to focus on LNG exports in 2014?
- Part 4 - Why is Kinder Morgan focusing on pushing its assets into El Paso?
- Utility Industry
- Kinder Morgan, Inc.
- El Paso Corporation
- natural gas
- Kinder Morgan Energy Partners