Kinder Morgan Management LLC Listed (KMR, Financial) filed Quarterly Report for the period ended 2012-09-30.
Kinder Morgan Management Llc has a market cap of $8.48 billion; its shares were traded at around $75.29 .
Three and nine month 2011 amounts include a $167 million loss from the remeasurement of KMP's previously held 50% equity interest in KinderHawk Field Services LLC to fair value.
For the three and nine months ended September 30, 2012, KMP reported limited partners' interest in net loss of $(22) million and $(315) million, respectively, and of $(83) million and $(88) million for the three and nine months ended September 30, 2011, respectively. Our net loss for the three and nine months ended September 30, 2012 was $(3) million and $(63) million, respectively, and $(15) million and $(18) million for the three and nine months ended September 30, 2011, respectively.
Our net loss for the three and nine months ended September 30, 2012 includes reductions of $34 million and $153 million, respectively, net of income tax, representing our share of KMP's losses from both a remeasurement of discontinued net assets to fair value and estimated costs to sell those assets of $178 million and $827 million, for the three and nine months ended September 30, 2012, respectively, as discussed in footnote (e) to the table above.
Our net loss for the three and nine months ended September 30, 2011 includes $12 million and $43 million, net of income tax, for our share of KMP's $69 million and $234 million increase in expense associated with rate case liability adjustments. Our net loss for the three and nine months ended September 30, 2011 also includes $30 million, net of income tax, for our share of KMP's $167 million loss from the remeasurement of its previously held 50% equity interest in KinderHawk to fair value. Additionally, our net loss for the nine months ended September 30, 2011 includes a reduction of $15 million, net of income tax, representing our share of KMP's $87 million special bonus described in footnote (d) to the table above.
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Kinder Morgan Management Llc has a market cap of $8.48 billion; its shares were traded at around $75.29 .
Highlight of Business Operations:
Three and nine month 2012 amounts include increases in expense of $9 million associated with rate case liability adjustments. Three and nine month 2011 amounts include increases in expense of $69 million and $234 million, respectively, associated with rate case, leased rights-of-way, and other legal liability adjustments.Three and nine month 2011 amounts include a $167 million loss from the remeasurement of KMP's previously held 50% equity interest in KinderHawk Field Services LLC to fair value.
For the three and nine months ended September 30, 2012, KMP reported limited partners' interest in net loss of $(22) million and $(315) million, respectively, and of $(83) million and $(88) million for the three and nine months ended September 30, 2011, respectively. Our net loss for the three and nine months ended September 30, 2012 was $(3) million and $(63) million, respectively, and $(15) million and $(18) million for the three and nine months ended September 30, 2011, respectively.
Our net loss for the three and nine months ended September 30, 2012 includes reductions of $34 million and $153 million, respectively, net of income tax, representing our share of KMP's losses from both a remeasurement of discontinued net assets to fair value and estimated costs to sell those assets of $178 million and $827 million, for the three and nine months ended September 30, 2012, respectively, as discussed in footnote (e) to the table above.
Our net loss for the three and nine months ended September 30, 2011 includes $12 million and $43 million, net of income tax, for our share of KMP's $69 million and $234 million increase in expense associated with rate case liability adjustments. Our net loss for the three and nine months ended September 30, 2011 also includes $30 million, net of income tax, for our share of KMP's $167 million loss from the remeasurement of its previously held 50% equity interest in KinderHawk to fair value. Additionally, our net loss for the nine months ended September 30, 2011 includes a reduction of $15 million, net of income tax, representing our share of KMP's $87 million special bonus described in footnote (d) to the table above.
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