Kinder discusses the reasons for higher earnings guidance. He says the company sees a lot of acquisitions in the pipeline.
Someone is out with kinder news.
Kinder Morgan Energy Partners says it expects to exceed first quarter earnings estimates of 71 cents a share. The company is citing higher throughput on the pipelines, and the success of its GATX acquisition. Kinder Morgan, inc., the parent company, also issued upward guidance. Kinder Morgan Energy transports gasoline, jet fuel and natural gas in 16 states. The stock of the subsidiary has been making some good progress over the last couple of months, although it has given back some gains recently.