Enterprise Products Partners L.P.

SEC Filings

10-Q
GULFTERRA ENERGY PARTNERS L P filed this Form 10-Q on 08/13/1996
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           For the six months
                                                             ended June 30,                ended June 30,
                                                       --------------------------    -------------------------
                                                           1996          1995           1996           1995
                                                       -----------    -----------    -----------    ----------
    <S>                                                <C>            <C>            <C>            <C>
      Revenue:
         Transportation services                       $     5,000    $     4,831    $     9,806    $   10,267
         Equity in earnings                                  4,058          5,750          8,804         8,627
         Oil and gas sales                                   8,619            219         17,926           381
         Platform access and processing fees                   885            -            1,662            -
                                                       -----------    -----------    -----------    ----------
                                                            18,562         10,800         38,198        19,275
                                                       -----------    -----------    -----------    ----------

    Costs and expenses:
         Operating expenses                                  1,867          1,000          3,742         2,085
         Depreciation, depletion and amortization            5,903          1,927         11,227         3,902
         General and administrative expenses and
             management fee                                  2,068          1,919          3,403         3,570
                                                       -----------    -----------    -----------    ----------
                                                             9,838          4,846         18,372         9,557
                                                       -----------    -----------    -----------    ----------

      Operating income                                       8,724          5,954         19,826         9,718
      Gain on sale of asset                                    -            1,247            -           1,247
      Interest income and other                                397            117            733           314
      Interest and other financing costs                       (26)          (203)          (641)         (329)
      Minority interest in income                              (96)           (74)          (230)         (117)
                                                       -----------    -----------    -----------    ---------- 
      Income before income taxes                             8,999          7,041         19,688        10,833
      Income tax benefit                                      (162)           (89)          (385)         (229)
                                                       -----------    -----------    -----------    ---------- 

      Net income                                       $     9,161    $     7,130    $    20,073    $   11,062
                                                       ===========    ===========    ===========    ==========

      Net income per Unit                              $      0.74    $      0.58    $      1.63    $     0.90
                                                       ===========    ===========    ===========    ==========
</TABLE>



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


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