Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Kinder Morgan Energy Partners LP (KMP - Analyst Report) extinguished a fire at an ethanol truck rack at its terminal in Harvey, La.

Per the local media, an explosion was reported at the terminal, along the Mississippi River. However, the company spokeswoman argued that there was no explosion but just a fire that has been put off. The Harvey Volunteer Fire Department was quick to put out the fire soon after the incident.

The fire is not likely to have any impact on the partnership’s customers. The cause of fire is yet unknown and an investigation is underway to discover the cause of the fire.

A truck driver suffered burns as a result of the fire, but is now stable. The truck was in an ethanol loading area at the partnership’s terminal when the fire broke out at about 11:15 a.m.

According to the Kinder Morgan website, the partnership stores and transports petrochemicals and other bulk material at several Louisiana facilities. The facility is a loading and unloading terminal as well as stores chemicals, vegetable oils, alcohol and animal fats.

Kinder Morgan is one of the largest publicly traded master limited partnerships (MLPs) and generally serves as a benchmark for the pipeline MLP group. A focus on fee-based and diversified businesses has enabled the partnership to spread its business risks. In addition, the CO2 business is a major growth avenue for the partnership with the commodity price risk being offset by a long-term hedging strategy.

Kinder Morgan carries a Zacks Rank #3 (Hold). However, there are other stocks in the oil and gas sector – Range Resources Corp. (RRC - Analyst Report), Susser Petroleum Partners LP (SUSP - Snapshot Report) and Dril-Quip, Inc. (DRQ - Analyst Report)  – which hold a Zacks Rank #1 (Strong Buy) and are good investment options.
 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GROUP DXYN 15.84 +7.90%
BOFL HOLDING BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%