We have discussed Kinder Morgan Partners (KMP) a lot on this thread.... again -- caveat - it's not right for everyone and isn't a RECOMMENDATION -- it's been a very good EXAMPLE.
I love when the companies I invest in give me a raise!!! And when you choose good investments -- THIS is the kind of report you want to read!
Pipeline master limited partnership Kinder Morgan (KMP) reported strong fourth quarter results Wednesday afternoon. Revenue surged 31% year-over-year to $2.5 billion, exceeding consensus estimates. Operating earnings per share grew 74% year-over-year to $0.61, also ahead of expectations. Distributable cash flow per share increased 6% year-over-year, to $1.35, more than covering the firm's payout during the fourth quarter. This led the company to raise its fourth quarter distribution to $1.29 per share (payable February 14, 2013), three cents higher than the previous payout. The firm's full-year distributable cash flow of $5.07 per share was significantly higher than in 2011, but more importantly, it easily covered distribution payments of $4.98 per share.
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