Enterprise Products Partners L.P.

SEC Filings

10-Q
TEPPCO PARTNERS LP filed this Form 10-Q on 08/07/1997
Entire Document
 
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                             TEPPCO PARTNERS, L.P.

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



<TABLE>
<CAPTION>
                                               THREE MONTHS    THREE MONTHS  SIX MONTHS      SIX MONTHS
                                                 ENDED           ENDED          ENDED          ENDED
                                                JUNE 30,        JUNE 30,       JUNE 30,       JUNE 30,
                                                  1997           1996           1997           1996
                                               -----------    -----------    -----------    -----------
<S>                                            <C>            <C>            <C>            <C>        
Operating revenues:
  Transportation - Refined products ........   $    30,957    $    26,339    $    52,661    $    48,222
  Transportation - LPGs ....................        13,805         12,469         37,744         39,583
  Gain on sale of inventory ................           559          2,029          2,056          3,572
  Mont Belvieu operations ..................         2,857          2,778          5,620          5,618
  Other ....................................         4,471          5,331          9,993         10,800
                                               -----------    -----------    -----------    -----------
    Total operating revenues ...............        52,649         48,946        108,074        107,795
                                               -----------    -----------    -----------    -----------

Costs and expenses:
  Operating, general and administrative ....        23,782         23,261         46,020         46,270
  Depreciation and amortization ............         5,933          5,925         11,701         11,893
  Taxes - other than income taxes ..........         2,418          2,263          4,892          4,599
                                               -----------    -----------    -----------    -----------
    Total costs and expenses ...............        32,133         31,449         62,613         62,762
                                               -----------    -----------    -----------    -----------

    Operating income .......................        20,516         17,497         45,461         45,033

Interest expense, First Mortgage Notes .....        (8,367)        (8,685)       (16,971)       (17,552)
Interest costs capitalized .................           317            210            972            380
Other income - net .........................           793          1,388          1,774          2,880
                                               -----------    -----------    -----------    -----------
    Income before minority interest ........        13,259         10,410         31,236         30,741
Minority interest ..........................          (134)          (106)          (316)          (311)
                                               -----------    -----------    -----------    -----------

    Net income .............................   $    13,125    $    10,304    $    30,920    $    30,430
                                               ===========    ===========    ===========    ===========

    Net income per Unit ....................          0.85    $      0.67    $      1.99    $      1.99
                                               ===========    ===========    ===========    ===========
</TABLE>



         See accompanying Notes to Consolidated Financial Statements.




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