With third-quarter earnings jumping from last year, Kinder Morgan Energy Partners LP (KMP.N) the biggest oil and natural gas pipeline company in the U. S., intertwined this report on Wenesday with the fact that the result was due to a boost by increased revenue for its product pipeline and terminals business.
The distributable cash flow or the amount of money available for unit holders to be paid with prior to certain items increased 10 percent from a year before to $607 million.
With a prospect of a deal where the company will remove its MLP structure, Kinder said, in August, that such a deal would be a $44 billion one and that it will consolidate all of its publicly traded units under one location as a response over worries of investors about the prospect of growth.
All in all, a total of $976 million was the gross earning of the Houston-based master limited partnership comparable to last year’s $697 million in the same quarter. A very strong and sure sign of improvement in the sales of its main product.