Pipeline Operator Kinder Morgan Canada's Profit Surges

Kinder Morgan Canada Ltd. said Jan. 16 its quarterly profit from continuing operations more than doubled as the company benefited from strong performance in its pipeline and terminal business. Pipeline segment earnings jumped 39% to C$13.5 million, led by the Canadian part of the Cochin pipeline, which transports light condensate from the U.S. to Fort Saskatchewan, Alberta. Kinder Morgan sold the controversial Trans Mountain pipeline to the Canadian government in August for C$4.5 billion and on Jan. 16 reiterated that it was looking at all options, including a sale, following that transaction.

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