Kinder Morgan Energy Partners LP (KMP) posted third quarter net income attributable to KMP of $359 million or $0.43 per unit, compared to $329.8 million or $0.48 per unit in last year quarter.
Net income attributable to KMP before certain items was $351.1 million or $0.40 per unit, compared to $345 million or $0.54 per unit in the same period last year. Including certain items, net income attributable to KMP was $359.5 million, compared to $329.8 million last year.
On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of $0.37 per share. Analysts' estimates typically exclude special items.
Revenues for the period were $1.66 billion, compared to $3.23 billion in last year period. Seven Wall Street analysts expected revenues of $2.17 billion.
Further, the company declared a cash distribution per common unit of $1.05 payable on November 13, 2009, to unitholders of record as of October 30, 2009.
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