Wednesday, Kinder Morgan Energy Partners L.P. (KMP) reported fourth-quarter net income attributable to KMP of $343.8 million or $0.34 per unit, compared to $266.1 million or $0.19 per unit in the same quarter last year.
Distributable cash flow before certain items for the quarter was $341.8 million or $1.17 per unit, up from $211.0 million or $0.81 per unit in the year ago quarter.
On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.49 per unit for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter declined to $1.91 billion from $2.29 billion in the comparable quarter last year. Analysts expected the company to report revenue of $1.87 billion for the quarter.
The company also declared a cash distribution $1.05 per common unit payable on February 12, 2010, to unitholders of record as of January 29, 2010.
Further KMP expects to declare cash distributions of $4.40 per unit for 2010, a 4.8% increase over the $4.20 per unit it distributed in 2009.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.