Enterprise Products Partners L.P.

SEC Filings

10-Q
GULFTERRA ENERGY PARTNERS L P filed this Form 10-Q on 11/12/1996
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 nine months
                                                           ended September 30,          ended September 30,    
                                                       --------------------------    --------------------------
                                                           1996          1995           1996           1995    
                                                       -----------    -----------    -----------    -----------
   <S>                                                 <C>            <C>            <C>            <C>
   Revenue:
         Transportation services                       $     5,364    $     4,709    $    15,170    $   14,976
         Equity in earnings                                  5,787          6,953         14,591        15,580
         Oil and gas sales                                  12,104            209         30,030           590
         Platform access and processing fees                   959            395          2,621           395
                                                       -----------    -----------    -----------    ----------
                                                            24,214         12,266         62,412        31,541
                                                       -----------    -----------    -----------    ----------

   Costs and expenses:
         Operating expenses                                  2,276            999          6,018         3,084
         Depreciation, depletion and amortization            8,692          1,895         19,919         5,797
         General and administrative expenses and
           management fee                                    2,476          2,162          5,879         5,733
                                                       -----------    -----------    -----------    ----------
                                                            13,444          5,056         31,816        14,614
                                                       -----------    -----------    -----------    ----------

      Operating income                                      10,770          7,210         30,596        16,927
      Gain on sale of asset                                    --             --             --          1,247
      Interest income and other                                486            201          1,219           515
      Interest and other financing costs                    (1,326)          (202)        (1,967)         (531)
      Minority interest in income                             (106)           (77)          (335)         (193)
                                                       -----------    -----------    -----------    ---------- 
      Income before income taxes                             9,824          7,132         29,513        17,965
      Income tax benefit                                      (182)          (123)          (566)         (352)
                                                       -----------    -----------    -----------    ---------- 

      Net income                                       $    10,006    $     7,255    $    30,079    $   18,317
                                                       ===========    ===========    ===========    ==========

      Net income per Unit                              $      0.81    $      0.59    $      2.44    $     1.49
                                                       ===========    ===========    ===========    ==========


</TABLE>




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

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