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Kinder Morgan Energy Partners LP (NYSE: KMI) (KMEP) is a subsidiary of Kinder Morgan, Inc. The company, which is classified as an oil and gas master limited partnership (MLP), [1] owns or operates petroleum product, natural gas, and carbon dioxide pipelines, related storage facilities, terminals, power plants and retail natural gas in the United States and Canada.
In 1981, Apache Corporation formed the United States' first MLP, Apache Petroleum Company (APC). Apache’s success drew other oil and gas companies to the MLP structure. Real estate companies soon followed, and by the mid-1980s, MLPs became so popular that they were adopted in a variety of industries, such as restaurants, hotels and cable TV.
This year has been a very good one for Energy Transfer (NYSE: ET). Units of the master limited partnership (MLP) have rocketed nearly 40%. Energy Transfer is on track to generate between $15.3 ...
Energy Transfer (NYSE: ET) is having a monster year. Units of the master limited partnership (MLP) have rallied over 35% in 2024. Add in its high-yielding distribution, and the total return is ...
Energy Transfer (NYSE: ET) already pays a lucrative distribution. The master limited partnership's (MLP) payout is 6.7%, putting it several times higher than the S&P 500's dividend yield of 1.2%.
The company was founded by Kelcy Warren and Ray Davis in 1996. [2] In 2011, Energy Transfer and Regency Energy Partners formed a joint venture to purchase midstream assets from Louis Dreyfus Highbridge Energy for $2 billion, [7] now known as Castleton Commodities International. [8]
Many midstream companies -- the businesses that transport and process oil and natural gas -- are structured as mastered limited partnerships. Set up in a tax-advantaged manner, the MLP structure ...
Alerian was founded in 2004 by Gabriel Hammond as an MLP asset manager. In 2005, Kenny Feng joined the company and headed the creation and launch of the Alerian MLP Index (NYSE: AMZ), the first real-time index of master limited partnerships (MLPs).The AMZ is now broadly considered to be the benchmark for the asset class.
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