Enterprise Products Partners L.P.

SEC Filings

10-Q
GULFTERRA ENERGY PARTNERS L P filed this Form 10-Q on 05/15/1996
Entire Document
 
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             LEVIATHAN GAS PIPELINE PARTNERS, L.P. AND SUBSIDIARIES
                 UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS
                    (In thousands, except per unit amounts)



<TABLE>
<CAPTION>
                                                                        For the three months
                                                                          ended March 31,
                                                                ------------------------------------
                                                                    1996                    1995
                                                                -------------          -------------
    <S>                                                         <C>                    <C>
    Revenue:
      Transportation services                                   $      4,806           $       5,436
      Equity in earnings                                               4,746                   2,877
      Oil and gas sales                                                9,308                     162
      Platform access and processing fees                                777                      -
                                                                ------------           -------------
                                                                      19,637                   8,475
                                                                ------------           -------------

    Costs and expenses:
      Operating expenses                                               1,876                   1,085
      Depreciation, depletion and amortization                         5,324                   1,975
      General and administrative expenses and   
        management fee                                                 1,336                   1,651
                                                                ------------           -------------
                                                                       8,536                   4,711
                                                                ------------           -------------

    Operating income                                                  11,101                   3,764
    Interest income and other                                            336                     197
    Interest and other financing costs                                  (615)                   (127)
    Minority interest in income                                         (135)                    (41)
                                                                ------------           -------------
    Income before income taxes                                        10,687                   3,793
    Income tax benefit                                                  (223)                   (139)
                                                                ------------           -------------

    Net income                                                  $     10,910           $       3,932
                                                                ============           =============

    Net income per Unit                                         $       0.89           $        0.32
                                                                ============           =============
</TABLE>



    The accompanying notes are an integral part of this financial statement.


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