|TEPPCO Partners, L.P. Declares Quarterly Cash Distribution and Announces First Quarter 2006 Earnings Call|
HOUSTON--(BUSINESS WIRE)--April 13, 2006--TEPPCO Partners, L.P. (NYSE:TPP) today declared a first quarter cash distribution of $0.675 per unit. This distribution is payable May 5, 2006, to unitholders of record on April 28, 2006, and covers the period from Jan. 1, 2006, through March 31, 2006.
TEPPCO will announce first quarter 2006 results on Tuesday, May 2, 2006, after the market closes for trading. Following the announcement, the company will host a call related to earnings performance at 8 a.m. CT on Wednesday, May 3, 2006.
Interested parties may listen live over the Internet or via telephone by dialing 800-406-5345, confirmation code 1531344. Please call in five to 10 minutes prior to the scheduled start time. To participate live over the Internet, log on to the company's Web site at www.teppco.com.
An audio replay of the conference call will also be available for seven days by dialing 888-203-1112, confirmation code 1531344. A replay and transcript will also be available by accessing the company's Web site at www.teppco.com.
TEPPCO Partners, L.P. is a publicly traded partnership with an enterprise value of approximately $4 billion, which conducts business through various subsidiary operating companies. TEPPCO owns and operates one of the largest common carrier pipelines of refined petroleum products and liquefied petroleum gases in the United States; owns and operates petrochemical and natural gas liquid pipelines; is engaged in crude oil transportation, storage, gathering and marketing; owns and operates natural gas gathering systems; and owns 50-percent interests in Seaway Crude Pipeline Company, Centennial Pipeline LLC and Mont Belvieu Storage Partners, L.P., and an undivided ownership interest in the Basin Pipeline. Texas Eastern Products Pipeline Company, LLC, an indirect subsidiary of EPCO, Inc., is the general partner of TEPPCO Partners, L.P. For more information, visit TEPPCO's Web site at www.teppco.com.
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve certain risks and uncertainties. These risks and uncertainties include, among other things, market conditions, governmental regulations and factors discussed in TEPPCO Partners, L.P. filings with the Securities and Exchange Commission.
CONTACT: TEPPCO Partners, L.P., Houston
SOURCE: TEPPCO Partners, L.P.