The general-partner payout has made Richard Kinder a billionaire, thanks to his 21% ownership of Kinder Morgan Inc.
Kinder Morgan Inc. shares are currently trading up about 7.7% on the day.
Kinder Morgan Inc. shares are currently trading up about 1.6% on the day.
Kinder Morgan Inc. shares are currently trading up about 3.1% on the day.
Kinder Morgan Inc. shares are currently trading off about 1.7% on the day.
FORBES: KMI Makes Notable Cross Below Critical Moving Average
Houston billionaire Fayez Sarofim, who has made a bundle investing in Kinder Morgan Inc. (KMI), is still bullish on the energy transportation firm.
Under an agreement signed back when the partnership was formed in 1992, Kinder Morgan Inc. gets 50 cents of every dollar after the distribution hits 93 cents a share.
Among the largest underlying components of DLN, in trading today Duke Energy Corp ( NYSE: DUK) is off about 0.5%, Southern Company ( NYSE: SO) is trading flat, and Kinder Morgan Inc. ( NYSE: KMI) is lower by about 0.4%.
In Q3, while revenues for the division remained relatively flat, margins grew by over 50% compared to the previous year thanks to a strong performance from the Tennessee Gas pipeline and the El Paso pipeline that the firm acquired from its parent, Kinder Morgan Inc.
It operates in 5 segments: Product pipelines, Natural gas pipeline, CO2, Terminals and Kinder Morgan Canada and competes with players like Enterprise Products Partners and Enbridge Inc.
FORBES: Kinder Morgan Q1 Earnings: Expansion Plans And Volume Growth In Focus
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