Preliminary Look At Q1 2012 Distributable Cash Flow Generated By Kinder Morgan Energy Partners

By Ron Hiram:In an article titled Distributable Cash Flow ("DCF") I present the definition of DCF used by Kinder Morgan Energy Partners LP (KMP) and provide a comparison to definitions used by other master limited partnerships ("MLPs").

By Ron Hiram:In a prior article I presented the definition of distributable cash flow (DCF) used by Plains All American Pipeline, L.P. (PAA) and provided a comparison to definitions used by other master limited partnerships (MLPs). Using PAA's definition, DCF has shown impressive growth.

By Ron Hiram:This article analyzes the most recent quarterly and the trailing twelve months ("TTM") results of Kinder Morgan Energy Partners LP (KMP) and looks "under the hood" to properly ascertain sustainability of Distributable Cash Flow ("DCF").

By Ron Hiram:In an article titled Distributable Cash Flow ("DCF)" I present the definition of DCF used by Kinder Morgan Energy Partners LP (KMP) and provide a comparison to definitions used by other master limited partnerships ("MLPs").

By Ron Hiram:On April 17, 2013, Kinder Morgan Energy, L.P. (KMP) reported its financial results for 1Q13. Given quarterly fluctuations, a review of trailing 12 months ("TTM") revenues, expenses, net income and other items affecting Distributable Cash Flow ("DCF") should be undertaken in addition to reviewing the quarterly numbers.

By Ron Hiram:On January 16, 2013, Kinder Morgan Energy Partners LP (KMP) reported results of operations for 4Q 2012 and 2012. Segment earnings before DD&A and "certain items" are summarized in Table 1 below: (click to enlarge) Table 1: Figures in $ Millions

By Ron Hiram:The $38 billion acquisition of El Paso Corp. (EP) by Kinder Morgan, Inc. (KMI) is scheduled to close today, May 24, 2012.

By Ron Hiram:In an article titled Distributable Cash Flow ("DCF)" I present the definition of DCF used by El Paso Pipeline Partners, L.P. (EPB) and provide a comparison to definitions used by other master limited partnerships (MLPs). Using EPB's definition, DCF per unit for 2011 was $2.91, down from $3.19 in 2010.