Enterprise Products Partners L.P.

SEC Filings

8-K
TEPPCO PARTNERS LP filed this Form 8-K on 01/16/1998
Entire Document
 
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                            TEPPCO PARTNERS, L.P.
                            FINANCIAL HIGHLIGHTS
      (Unaudited - In Millions, Except Per Unit and Per Barrel Amounts)


<TABLE>
<CAPTION>
                                                             Three Months                    Twelve Months
                                                                 Ended                           Ended
                                                              December 31                     December 31
                                                         1997             1996            1997            1996
                                                         ----             ----            ----            ----
<S>                                                      <C>              <C>             <C>             <C>
Operating Revenues:
  Transportation-Refined Products                         $26.3           $23.7          $107.3          $ 98.6
  Transportation - LPGs                                    26.8            25.9            79.4            80.2
  Gain on Sale of Inventory                                --               0.1             2.3             3.7
  Mont Belvieu Operations                                   3.4             3.4            12.8            11.8
  Other                                                     4.2             5.6            20.3            21.7
                                                          -----           -----          ------          ------

      Total operating revenues                             60.7            58.7           222.1           216.0
                                                          -----           -----          ------          ------

  Operating expenses                                       28.0            28.2           106.8           105.2
  Depreciation                                              6.1             5.6            23.8            23.4
                                                          -----           -----          ------          ------

      Operating income                                     26.6            24.9            91.5            87.4
                                                          -----           -----          ------          ------

Interest expense                                           (8.4)           (8.7)          (33.7)          (34.9)
Other income - net                                          0.7             1.6             3.5             6.1
                                                          -----           -----          ------          ------

  Net Income                                              $18.9           $17.8          $ 61.3          $ 58.6
                                                          =====           =====          ======          ======

  Basic Net Income Per
  Limited Partner Unit                                    $1.20           $1.15          $ 3.90          $ 3.79
                                                          =====           =====          ======          ======

  Diluted Net Income Per
  Limited Partner Unit                                    $1.20           $1.15          $ 3.90          $ 3.78
                                                          =====           =====          ======          ======

Number of Limited
  Partner Units                                            14.5            14.5            14.5            14.5


                                                      OPERATING DATA

Barrels Delivered
  Refined Products                                         29.2            28.1           120.0           115.3
  LPGs                                                     12.9            12.7            42.0            41.6
  Mont Belvieu Operations                                   7.2             5.4            27.8            22.5
                                                          -----           -----          ------          ------

      TOTAL                                                49.3            46.2           189.8           179.4
                                                          =====           =====          ======          ======

Average Tariff Per Barrel
  Refined Products                                        $0.90           $0.85          $ 0.89          $ 0.86
  LPGs                                                     2.07            2.03            1.89            1.93
  Mont Belvieu Operations                                  0.15            0.18            0.15            0.17
                                                          -----           -----          ------          ------

Average System Tariff
  Per Barrel                                              $1.10           $1.09          $ 1.00          $ 1.02
                                                          =====           =====          ======          ======
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