Kinder Morgan Egy Ptnrs L.p.

Kinder Morgan Egy Ptnrs L.p. is a publicly traded company having a good stock performance result. Kinder Morgan Egy Ptnrs L.p. is a fortune 500 stock listed company trading under KMP.

Kinder Morgan Energy Partners, L.P. became an entity in February of 1997 when a group of investors, headed by Richard D. Kinder and William V. Morgan, acquired the capital stock of the general partner of the partnership.

Since its formation in 1997, KMP has grown through numerous accretive acquisitions of pipelines and terminals. The most significant of these transactions were the 1.4 billion dollars acquisition of Santa Fe Pacific Pipeline Partners, L.P., which was completed in March of 1998 making KMP the largest pipeline master limited partnership in the country, and the 1.15 billion dollars purchase of the U.S. terminals and pipelines assets from GATX Corporation. The company has also been successful in growing internally through expansion projects and by increasing throughput volumes.

KMP is one of the nation's largest pipeline master limited partnerships, with an enterprise value of more than 13 billion dollars. Principal business segments include products pipelines, which transport primarily gasoline, jet fuel and diesel fuel which transload bulk materials like coal and store a variety of petroleum and petrochemical liquid products; co2, which provide carbon dioxide for improved oil recovery projects.

KMP reported 2005 net income before certain items of 982.4 million dollars, or 2.37 dollars per unit, up 18 percent from 833.4 million dollars, or 2.22 dollars per unit, in 2004. For the fourth quarter, KMP had net income before certain items of 256.5 million dollars, or 0.59 dollars per unit, versus 227.7 million dollars, or 0.59 dollars per unit, for the comparable quarter in 2004.

Including certain items, KMP reported 2005 net income of 812.2 million dollars, or 1.58 dollars per unit, compared to 2004 net income of 831.6 million dollars, or 2.22 dollars per unit. Including certain items for the fourth quarter, KMP had net income of 121.4 million dollars, compared to 227.3 million dollars or 0.59 dollars per unit, in the same period the previous year.

Kinder Morgan, Inc. is leading North American energy transportation and Distribution Company with about 40,000 miles of natural gas and petroleum transportation pipelines, 1.1 million natural gas distribution customers and 150 terminals. Kinder Morgan, Inc. owns the general partner interest of Kinder Morgan Energy Partners, L.P., one of the largest publicly traded pipeline limited partnerships in the United States. Combined, the two companies have an enterprise value of more than 35 billion dollars.