Username:
Password:
Save My Information  |  Forgot?
Home  |   IIR North America  |   IIR Europe  |   IIR Australia  |   What's New  |   About Us  |   Contact Us
Market Coverage & Databases  |   Industry Analytics  |   Tools  |   Online Store

  Premium News Article  

Kinder Morgan Expects Additional $2.2 Billion in Expansion and Acquisition Spending in 2012

SUGAR LAND--July 20, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Energy pipeline transportation and storagecompany Kinder Morgan Energy Partners LP (NYSE:KMP) (KMP) (Houston, Texas), whose general partner is owned by Kinder Morgan Incorporated (NYSE:KMI) (KMI) (Houston), incurred both strong benefits and high costs from recent acquisitions and major projects in the second quarter of 2012. During the quarter, KMI completed its acquisition of El Paso Corporation (NYSE:EP) (Houston) and cut a deal with Peabody Energy (NYSE:BTU) (St. Louis Missouri) in which it will invest $400 million to expand its terminal network on the Gulf Coast. Product volumes were higher in most of KMP's major segments. Net income was reported to be $153 million, a 33.48% decrease from second-quarter 2011.

Other companies featured: BP plc (NYSE:BP), El Paso Pipeline Partners LP (NYSE:EPB)

Read the Complete Article >>>

Details on this Article:
Industry Segment: Transmission
Word Count: 1036 Words


  Login or Register now for instant access!

Username:        Password:     


Related Articles

Premium News Article  Texas Leads Top 10 States for Operational Industrial Plants

Premium News Article  Russia's Gazprom Seeks to Develop Crimea's Oil and Gas Resources

Premium News Article  Mother Nature, Crude Oil, Grain and Ethanol Clog Rail Transportation in U.S...

Premium News Article  Rosneft CEO: Russian Business Can Turn Elsewhere if Sanctions are Passed

Premium News Article  Turkey Pushes Russia's Rosatom for Nuclear Power Plant Unit Completion by 2...




This article is available for Premium Members only.

Subscribe Now! All Fields are Required...

First Name:
Last Name:
E-Mail Address:
Desired Username:
Password:
Confirm Password:
Subscription Type:
Pricing Help?
Pay-Per-Article - $5.95
Annual Premium News - $235.00
Annual Premium News with Archive - $395.00