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  • Associated Press2 months ago

    El Paso Electric posts 2Q profit

    The El Paso, Texas-based company said it had net income of 55 cents per share. The utility posted revenue of $217.9 million in the period. El Paso Electric expects full-year earnings to be $2.20 to $2.50 ...

  • Reuters8 months ago

    Investor gets $450,000 fee for leading Kinder Morgan lawsuit

    A former investment banker landed a so-called incentive fee of $450,000, one of the largest of its kind, for pursuing a securities lawsuit that led to $100 million in damages against Kinder Morgan Inc. Peter Brinckerhoff of Florida was awarded the fee for putting in more than 1,500 hours on the case, which resulted in one of the largest damage awards in the history of Delaware's Court of Chancery, which heard the case. "I don't know if it's the largest ever, but it's remarkably large for a securities case," said Geoffrey Miller, a professor at New York University Law School who has researched incentive awards.

  • TheStreet.com10 months ago

    Longtime Kinder Morgan Investors Bruised Again

    The dividend cut is the latest in a series of blows the company dealt to loyal shareholders.