Business Services Industry
Another Earnings Record Set at Kinder Morgan.
Knight Ridder/Tribune Business News, April, 2004
By Nelson Antosh, Houston Chronicle Knight Ridder/Tribune Business News
Apr. 22--Kinder Morgan Inc., one of the nation's largest energy transportation and storage companies, reported another in a string of record earnings on Wednesday.
The money came from its fee-based businesses and ownership in the general partner of Kinder Morgan Energy Partners, a limited partnership of petroleum products pipelines and storage terminals that also had a record quarter.
About the only time these businesses haven't reported records was in last year's second and third quarters, which nonetheless were good, spokesman Larry Pierce said.
Kinder Morgan's first-quarter net income rose to $127 million, or $1.02 per share, compared with the year...
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