El Paso Energy Capital Trust I PFD CV TR SECS
EP-PC
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Address
- Houston DE United States of America
- IPO Date
- Mar 12, 1998
- CIK
- 0001506307
- Similar Companies
- Business
- El Paso Energy Capital Trust I (EP-PC) is a Delaware statutory business trust that issues 4.75% trust convertible preferred securities, with its sole assets consisting of subordinated convertible debentures issued by its sponsor, El Paso Corporation. The trust's preferred securities provide fixed quarterly distributions at an annual rate of 4.75% on a $50 liquidation preference, equivalent to $2.375 per security, payable if funds are available; these securities are convertible under specified conditions and are listed on the New York Stock Exchange. Formed on December 11, 1997, the trust is headquartered at 1001 Louisiana Street, Houston, Texas 77002, and operates within the energy sector, specifically tied to oil and gas midstream activities through its sponsor's historical pipeline transportation, natural gas exploration, production, and related operations. El Paso Corporation, the original sponsor, was acquired by Kinder Morgan, Inc. in a $38 billion transaction completed in May 2012, after which the trust continues as a subsidiary entity of Kinder Morgan, with no independent products or services beyond its securities issuance. No recent partnerships, funding rounds, acquisitions, new product launches, or significant operational changes have been reported for the trust within the last 1-2 years; it maintains steady dividend payments, with the most recent quarterly distribution of $0.59 declared as of November 15, 2025. The trust targets institutional and retail investors seeking income from energy-linked preferred securities, with trading activity focused in the United States.