Tag Archives: Contributor Management

Earnings Estimates Rise For Kinder Morgan Management

By Zacks.com, Contributor

Management offers investors a way to participate in the North American energy revolution. The company manages and controls the affairs of Kinder Morgan Energy Partners, which operates approximately 46,000 pipelines and 180 terminals dedicated to the transport of energy products. Over the past four weeks, U.S. oil production rose 18.4% year over year to 7.35 mbd. Production has displayed solid growth in recent years and is up from the 5.0 to 5.5 mbd level in the mid 2000’s. In its Annual Energy Outlook and under a favorable scenario analysis, the U.S. Energy Information Agency (EIA) projected that U.S. oil production could reach 10 mbd by 2030. Likewise, U.S. natural gas production could rise from 23.0 trln cubic feet in 2011 to as much as 36.1 trln cubic feet in 2035 with most of the gain occurring between 2011 and 2025. Three earnings estimates for 2013 and 2014 have been raised in the past 30 days, while the 2013 and 2014 Zacks Consensus Estimate for earnings per share have worked higher over the same period. The 2013 Zacks Consensus EPS Estimate has risen $0.17 to $2.67, while the 2014 Zacks Consensus EPS Estimate has jumped $0.20 to $2.90.  The price and consensus chart highlights the recent upswing in earnings estimates. …read more

Source: FULL ARTICLE at Forbes Latest