This segment is from Tuesday's edition of "Digging for Value", in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy .

With third quarter earnings season now underway, investors are focused on the third largest energy company in the United States, Kinder Morgan (NYSE:KMI). With revenue generated from Kinder Morgan's MLPs, Kinder Morgan Energy Partners (UNKNOWN:KMP.DL) and El Paso Pipeline Partners (UNKNOWN:EPB.DL), investors need to focus on areas where Kinder Morgan is vulnerable to commodity price sensitives, like KMP's CO2 EOR oil production. With 93% of cash flow generated through either fee-based contracts or hedged commodities, this business is extremely safe, so an earnings beat will likely be on the back of crude oil production in Texas.