Enterprise Products Partners L.P.

SEC Filings

10-Q
TEPPCO PARTNERS LP filed this Form 10-Q on 05/06/1997
Entire Document
 
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                             TEPPCO PARTNERS, L.P.

                       CONSOLIDATED STATEMENTS OF INCOME
                    (IN THOUSANDS, EXCEPT PER UNIT AMOUNTS)




<TABLE>
<CAPTION>
                                                THREE MONTHS    THREE MONTHS
                                                   ENDED           ENDED
                                                  MARCH 31,      MARCH 31,
                                                    1997            1996
                                                ------------    ------------
<S>                                             <C>             <C>         
Operating Revenues:
     Transportation - Refined products ......   $     21,704    $     21,883
     Transportation - LPGs ..................         23,939          27,114
     Gain on sale of inventory ..............          1,497           1,543
     Mont Belvieu operations ................          2,763           2,840
     Other ..................................          5,522           5,469
                                                ------------    ------------
          Total operating revenues ..........         55,425          58,849
                                                ------------    ------------

Costs and Expenses:
     Operating, general and administrative ..         22,238          23,009
     Depreciation and amortization ..........          5,768           5,968
     Taxes - other than income taxes ........          2,474           2,336
                                                ------------    ------------
          Total costs and expenses ..........         30,480          31,313
                                                ------------    ------------

Operating income ............................         24,945          27,536

Interest expense, First Mortgage Notes ......         (8,604)         (8,867)
Interest costs capitalized ..................            655             170
Other income - net ..........................            981           1,492
                                                ------------    ------------
          Income before minority interest ...         17,977          20,331
Minority interest ...........................           (182)           (205)
                                                ------------    ------------


          Net income ........................   $     17,795    $     20,126
                                                ============    ============

          Net income per Unit ...............   $       1.14    $       1.32
                                                ============    ============
</TABLE>




          See accompanying Notes to Consolidated Financial Statements.

















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