Kinder Morgans terminals business increased earnings by 7 per cent in fourth quarter 2011 compared to the same period 2010. Before DD&A and certain items, the terminals segment's fourth-quarter figures totalled $ 184.4m, compared with $172.6m during the same period of 2010. For the year, earnings before DD&A and certain items totalled $701. lm, up 8 per cent from $646.5m the previous year, but slightly below its published annual budget of 10 per cent growth. About two-thirds of this represented organic growth, mainly in its coal-handling facilities, although it also remarks on higher rates and capacity expansion at the Carteret liquids terminal in New York Harbour.
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