Richard Kinder Quotes
101 Richard Kinder Quotes
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[In 2003 on KMP] Our game plan has remained simple and consistent. We own and operate quality midstream energy assets – primarily pipelines and terminals – that are core to the energy infrastructure of growing markets and which produce stable, fee-based cash flow and earnings. We run these assets in the most efficient, cost-effective way possible.
Richard Kinder
[In 2003] To keep corporate costs low, we don’t own corporate jets or fly first class; however, we don’t cut corners in the field where maintenance and safety are key to our operations. We avoid businesses with direct commodity exposure as much as possible and hedge the minimize risk when there is exposure.
Richard Kinder
[In 2003] We have a very hands-on senior management team that pays great attention to detail.
Richard Kinder
[In 2004] We have been executing the same strategy since we began operating KMP in 1997: 1) focus on stable, fee-based assets that are core to the energy infrastructure of growing markets; 2) increase utilization of assets while controlling costs; 3) leverage economies of scale from incremental acquisitions and expansions; and 4) maximize the benefit of a unique financial structure – the master limited partnership. [Which Richard Kinder states is the most tax-advantaged method of owning these types of assets.]
Richard Kinder
[In 2004] While we pride ourselves on being a low-cost asset operator, we don’t cut corners when it comes to our field operations.
Richard Kinder
[In 2005] As I say every year, we are not without challenges.
Richard Kinder
[In 2005] We relentlessly pursue operational excellence.
Richard Kinder
[In 2005] Our primary objectives are to operate our assets safely and efficiently, meet our customers’ needs and deliver ongoing value to all of our unitholders.
Richard Kinder
[In 2006] KMP was formed Feb. 14, 1997, when a group of investors headed by Bill Morgan and me acquired the general partner of Enron Liquids Pipeline, L.P., a small master limited partnership which began in August of 1992. We developed a strategy that the company still follows today: focus on stable, fee-based asssets which are core to the energy infrastructure markets; increase utilization of assets while controlling costs; leverage economies of scale from incremental acquisitions and expansions; and maximize the benefit of a unique financial structure that fits with this strategy.
Richard Kinder
[In 2006 on the beginnings of KMP] We committed to being lean and frugal, focusing on being a low-cost operator and generating maximum returns to our unitholders. That philosophy still holds true, as we continue to allocate capital in a disciplined way, eliminate perks and needless corporate overhead expenses, and relentlessly pursue both financial and operational excellence.
Richard Kinder
[In 2006] I truly believe the best is yet to come!
Richard Kinder
[In 2007] At Kinder Morgan our business model is to own, operate, expand, build and acquire midstream energy assets that provide a return substantially in excess of our cost of capital – then distribute that excess to our limited partners and general partner.
Richard Kinder
[In 2007 on his business model] We’ve employed this same business model for over 10 years and it’s worked pretty well.
Richard Kinder
[In 2007] We focus religiously on our return on investment versus our cost of capital. This results in a highly disciplined capital allocation process across the company.
Richard Kinder
The best way to think of KMP is as a giant toll road.
Richard Kinder
[In 2008] Contrary to many businesses that are finding it necessary to lay off employees and are simply trying to survive, our focus remains on how we can continue to gorw the company. That’s not a bad problem to have. We feel good about our future growth opportunities…
Richard Kinder
[In March 2011] Throughout our 14 years at Kinder Morgan, we’ve had a pretty simple formula for success and it’s worked exceptionally well for us. We operate diversified assets that generate lots of stable cash flow, we pay that cash out to our limited partners, and we actively pursue internal growth, expansions and acquisitions so that we can continue to increase the distribution. In January of 2011, we increased the distribution for the 39th time since KMP was founded in February of 1997.
Richard Kinder
[In 2012] While past results are no guarantee of future performance, KMP [Kinder Morgan Energy] has delivered a superb average annual return to unitholders of 24 percent since 1996. [Assumes that distributions are reinvested.]
Richard Kinder
[In 2012] Our… management team understands that we are operating the company with investors’ money, not management’s, and we treat it that way.
Richard Kinder
I work for $1 a year…
Richard Kinder
[In 2012 at Kinder Morgan] We still believe the best is yet to come!
Richard Kinder
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