BNET Industries
Market Cap:$4.0B
- Public
- US
Dow Jones Description
Kinder Morgan Management, LLC is a limited partner in Kinder Morgan Energy Partners, L.P., and manages and controls its business and affairs pursuant to a delegation of control agreement. As of December 31, 2006, the Company owned approximately 27% of Kinder Morgan Energy Partners, L.P.'s limited partner interests. Kinder Morgan Energy Partners, L.P. is the owner and operator of an independent refined petroleum products pipeline system in the United States. The Company's voting shares are owned by Kinder Morgan, G.P., Inc., an indirect wholly owned subsidiary of Kinder Morgan, Inc. and the general partner of Kinder Morgan Energy Partners, L.P. Kinder Morgan, Inc. wholly owns Kinder Morgan Energy Partners, L.P. Kinder Morgan, Inc. is an energy transportation, storage and distribution company operating, either for itself or on behalf of Kinder Morgan Energy Partners, L.P. On April 26, 2006, the Company formed Kinder Morgan Canada Terminals ULC.
Chairman & CEO
Richard D. KinderNumber of Employees 10
Contact Information
500 Dallas Street
Suite 1000
Houston, Texas 77002
(713) 369-9000
Peer Companies
NAICS Code Pipeline Transportation of Crude Oil: 486110
News & Analysis
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kinder morgan management llc - All News and Analysis
Potential Upside in Energy-Related MLPs
In the January 31 edition of Value Investor Insight, VNBTrust's Timothy Mullen explained why he sees opportunity in energy-related MLPs. Key excerpts follow: Describe the general opportunity you’re seeing in energy-related master limited partnerships. by Value Investor Insight
Why Buy MLPs?
Avi Morris submits: Master Limited Partnerships MLPs are a new type of investment with an excellent record of high rates of stable growth & mostly tax-free until the ultimate sale high yields. Despite this performance, they are still little appreciated & understood partially due to poor investor relations by the...
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Deborah A. Macdonald | President, Natural Gas Pipelines |
| Michael C. Morgan | President |
| C. Park Shaper | CFO, Executive Vice President & Treasurer |
| David D. Kinder | Vice President, Corp Development |
| James E. Street | Vice President, HR & Admin |
| Joseph Listengart | General Counsel, Vice President & Secretary |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Richard D. Kinder | Chairman & CEO |
| Edward O. Gaylord | Board of Directors |
| Gary L. Hultquist | Board of Directors |
| Perry M. Waughtal | Board of Directors |
Richard D. Kinder is Chairman and CEO of Kinder Morgan, one of the largest pipeline transportation and energy storage companies in North America. The Kinder Morgan companies include Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and Knight Inc. (formerly Kinder Morgan, Inc), a private entity. Through his leadership, Kinder Morgan has grown from a small company with 150 employees and an enterprise value of $325 million in February 1997 to an organization with approximately 7,500 employees and an enterprise value of over $20 billion today. During the past 12 years, Kinder Morgan Energy Partners (NYSE: KMP) has produced a compound annual return of 25 percent to unitholders. Kinder Morgan is one of Fortune magazine’s Most Admired Companies in America and has been ranked #1 in the “Pipeline Category” for several years. In 2008 Kinder Morgan was also recognized by Fortune as the top company among all industries for “Quality of Management.” Mr. Kinder, who receives a salary of $1 a year (no bonuses, stock options or restricted stock grants) is a past recipient of Morningstar’s CEO of the Year award. Mr. Kinder received his undergraduate and law degrees from the University of Missouri and served in Vietnam as a Captain in the U.S. Army. He is a life trustee of the Museum of Fine Arts in Houston. Kinder Morgan owns an interest in or operates approximately 36,000 miles of pipelines that transport primarily natural gas, refined petroleum products, CO2 and crude oil; and over 170 terminals that store, transfer and handle such products as gasoline, ethanol, coal, petroleum coke and steel. Knight owns the general partner interest of KMP, the largest publicly traded pipeline limited partnership in the United States with an enterprise value of over $20 billion. KMR is a limited liability company and its only significant assets are the partnership units it owns in KMP.
| Organization | Position | Status |
|---|---|---|
| Kinder Morgan Management, LLC | Chairman & CEO | Current |
| Kinder Mortage Energy Partner | Chairman & CEO | Current |
| Kinder Morgan, Inc. | Chairman & CEO | Current |
| University of Missouri | Degrees | Former |
| Organization | Position | Status |
|---|---|---|
| Kinder Morgan Management, LLC | President, Natural Gas Pipelines | Current |
| Natural Gas Pipeline Company of America | President | Former |
| Organization | Position | Status |
|---|---|---|
| Kinder Morgan Management, LLC | President | Current |
| Kinder Morgan, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Kinder Morgan, Inc. | President | Current |
| Kinder Morgan Management, LLC | CFO, Executive Vice President & Treasurer | Current |
| Kinder Morgan Management, LLC | Board of Directors | Current |
| Kinder Morgan, Inc. | CFO & Executive Vice President | Former |
| Kinder Morgan, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Kinder Morgan, Inc. | Vice President, Corp Development & Treasurer | Current |
| Kinder Morgan Management, LLC | Vice President, Corp Development | Current |
James E. Street is Vice President of Human Resources and Administration for Kinder Morgan, Inc. , Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and Kinder Morgan Management LLC (NYSE: KMR). He assumed that position in 1999, and is in charge of overseeing benefits, compensation, training, and payroll for the company's 9,000 employees. In addition, he is responsible for organization development, labor relations and negotiations, recruiting, EEO/AAP, facility management, purchasing and travel. Mr. Street's previous 20 years in the energy industry include a four-year stint as Senior Vice President, Human Resources and Administration, for Tejas Energy Company. Mr. Street holds a bachelor's degree in business administration from the University of Nebraska at Kearney and a master's degree in business administration, which he earned from the University of Nebraska at Omaha. Kinder Morgan owns an interest in or operates approximately 36,000 miles of pipelines that transport primarily natural gas, refined petroleum products, CO2 and crude oil; and over 170 terminals that store, transfer and handle such products as gasoline, ethanol, coal, petroleum coke and steel. Knight owns the general partner interest of KMP, the largest publicly traded pipeline limited partnership in the United States with an enterprise value of over $20 billion. KMR is a limited liability company and its only significant assets are the partnership units it owns in KMP.
| Organization | Position | Status |
|---|---|---|
| Kinder Morgan Management, LLC | Vice President, HR & Admin | Current |
| Kinder Morgan, Inc. | Vice President, HR | Current |
| Organization | Position | Status |
|---|---|---|
| Kinder Morgan, Inc. | General Counsel & Vice President | Current |
| Kinder Morgan Management, LLC | General Counsel, Vice President & Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Kinder Morgan Management, LLC | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Kinder Morgan Management, LLC | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Kinder Morgan Management, LLC | Board of Directors | Current |
Executive News
-
KMP Second Quarter Distribution $1.05 Per Unit
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