TEPPCO Partners, L.P. News Archive

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10/23/09TEPPCO Unitholders Approve Merger with Enterprise
HOUSTON--(BUSINESS WIRE)--Oct. 23, 2009-- TEPPCO Partners, L.P. (NYSE:TPP) and Enterprise Products Partners L.P. (NYSE:EPD) today announced that the TEPPCO unitholders have approved the merger of TEPPCO and Enterprise, which will create the nation’s largest publicly traded energy partnership with an enterprise value of approximately $30 billion. Approximately 97 percent of the TEPPCO units that voted were cast in favor of the merger and represented about 71 percent of TEPPCO’s total outstanding ... 
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09/03/09TEPPCO Announces Resignation of Downstream Business Segment Vice President
HOUSTON--(BUSINESS WIRE)--Sep. 3, 2009-- TEPPCO Partners, L.P. (NYSE:TPP) today announced that Samuel N. Brown, vice president, Commercial Downstream of Texas Eastern Products Pipeline Company, LLC, the general partner of TEPPCO, has submitted his resignation which will be effective September 16, 2009. “On behalf of the partnership and its board of directors, I would like to express our appreciation to Sam for his dedicated service and leadership, which have been instrumental in expanding our ... 
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08/24/09TEPPCO Partners, L.P. Announces Record Date and Special Unitholder Meeting
HOUSTON--(BUSINESS WIRE)--Aug. 24, 2009-- TEPPCO Partners, L.P. (NYSE:TPP) today announced it will hold a special meeting of unitholders at 1 p.m. CDT on October 23, 2009. The meeting will be held at the Hyatt Regency Hotel, 1200 Louisiana Street, Houston, TX 77002 for unitholders of record as of August 31, 2009. At the special meeting, TEPPCO unitholders will be asked to vote upon the proposed merger with Enterprise Products Partners L.P. (NYSE:EPD). As described in a June 29, 2009 announceme... 
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07/30/09TEPPCO Partners, L.P. Reports Second Quarter 2009 Financial Results
HOUSTON--(BUSINESS WIRE)--Jul. 30, 2009-- TEPPCO Partners, L.P. (NYSE:TPP) today reported second quarter net income for 2009 of $11.2 million, or $0.09 per unit, compared with net income of $47.7 million, or $0.42 per unit, for the second quarter of 2008. Net income for the second quarter of 2009 reflects $34.2 million of non-cash loss related to TEPPCO’s dissociation from the Texas Offshore Port System partnership (TOPS) announced in April 2009, $6.8 million of expenses related to the definitiv... 
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07/17/09TEPPCO Partners, L.P. Declares Cash Distribution and Announces Earnings Call for Second Quarter 2009
HOUSTON--(BUSINESS WIRE)--Jul. 17, 2009-- TEPPCO Partners, L.P. (NYSE:TPP) today declared a second quarter cash distribution rate of $0.725 per unit, or $2.90 per unit on an annualized basis. The distribution is payable August 7, 2009 to unitholders of record on July 31, 2009, and covers the period April 1, 2009 through June 30, 2009. TEPPCO will announce its second quarter 2009 financial results on Thursday, July 30, 2009 before the start of trading on the New York Stock Exchange. Following t... 
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07/01/09TEPPCO Partners, L.P. to Suspend Its Distribution Reinvestment Plan
HOUSTON--(BUSINESS WIRE)--Jul. 1, 2009-- TEPPCO Partners, L.P. (NYSE:TPP) today announced that it has suspended the opportunity for investors to acquire additional limited partner units under the TEPPCO Partners, L.P. Distribution Reinvestment Plan. The suspension is pursuant to the terms of the definitive merger agreement with Enterprise Products Partners L.P. announced on June 29, 2009, and is expected to remain in place pursuant to such terms while the transaction is pending. TEPPCO Partner... 
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06/29/09Enterprise and TEPPCO Agree to Merge Forming Largest Publicly Traded Energy Partnership
HOUSTON--(BUSINESS WIRE)--Jun. 29, 2009-- Enterprise Products Partners L.P. (NYSE:EPD) (referred to as “Enterprise”), TEPPCO Partners, L.P. (NYSE:TPP) (referred to as “TEPPCO”) and Enterprise GP Holdings L.P. (NYSE:EPE) (referred to as “Enterprise GP”) today announced that Enterprise and TEPPCO have entered into definitive agreements to merge Enterprise and TEPPCO (along with TEPPCO’s general partner) to form the largest publicly traded energy partnership with an enterprise value of more than $2... 
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06/12/09TEPPCO Expands Marine Services Fleet with Acquisition of Vessels from TransMontaigne
HOUSTON--(BUSINESS WIRE)--Jun. 12, 2009-- TEPPCO Partners, L.P. (NYSE:TPP) today announced it has purchased marine assets, including 19 boats and 28 barges, from TransMontaigne Product Services, Inc. for all cash consideration of $50 million. The acquisition complements the partnership’s existing fleet of vessels that currently transports petroleum-based products along the nation’s inland waterway system and in the Gulf of Mexico. The newly acquired marine assets are based primarily in Miami, Fl... 
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06/02/09TEPPCO to Participate in UBS Investment Bank MLP Conference
HOUSTON--(BUSINESS WIRE)--Jun. 2, 2009-- TEPPCO Partners, L.P. (NYSE:TPP) today announced that Jerry E. Thompson, president and chief executive officer of its general partner, will participate in the UBS MLP conference on June 3, 2009, in Las Vegas, Nevada. A copy of the materials to be made available at the conference will be posted on TEPPCO’s website at www.teppco.com the day of the presentation and will be accessible under the “Investors” tab. TEPPCO Partners, L.P., is a publicly trad... 
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05/19/09TEPPCO Ranked Among Houston's Best-Performing Companies in Chronicle 100 List for 2009
HOUSTON--(BUSINESS WIRE)--May. 19, 2009-- TEPPCO Partners, L.P. (NYSE:TPP) today announced that it has been ranked 35th in an annual survey of Houston’s 100 top-performing, publicly traded companies. Compiled by the Houston Chronicle, the rankings are based on four measures of financial performance in 2008: total revenue, revenue growth, earnings per share growth, and one-year total return to shareholders on a dividend-reinvested basis. “To be ranked among the top-performing companies in a sur... 
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05/11/09TEPPCO Ranked 267th on Barron's 500 List for 2009
HOUSTON--(BUSINESS WIRE)--May. 11, 2009-- TEPPCO Partners, L.P. (NYSE:TPP) today announced that the partnership ranks 267th on Barron’s annual list of the 500 top-performing companies, improving 61 spots over the prior survey. In determining the rankings, Barron’s reviewed the largest publicly traded companies in the United States and Canada, based on 2008 sales, and selected those with the best track record of increasing cash flow and return on investment. A complete explanation of the methodol... 
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04/29/09TEPPCO Partners, L.P.'s Special Committee Responds to Enterprise's Proposal
HOUSTON, Apr 29, 2009 (BUSINESS WIRE) -- TEPPCO Partners, L.P. (NYSE:TPP) ("TEPPCO") today announced that on March 9, 2009, it received an offer from Enterprise Products Partners L.P. (NYSE:EPD) ("Enterprise") to acquire all of the outstanding partnership interests of TEPPCO for 1.043 Enterprise common units plus $1.00 in cash for each TEPPCO common unit. In order to evaluate the proposed acquisition by Enterprise, the Audit, Conflicts and Governance Committee of TEPPCO's general partner, Texas ... 
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04/28/09TEPPCO Partners, L.P. Reports Improved First Quarter Financial Results
HOUSTON--(BUSINESS WIRE)--Apr. 28, 2009-- TEPPCO Partners, L.P. (NYSE:TPP) today reported first quarter net income for 2009 of $78.2 million, or $0.62 per unit, compared with net income of $64.1 million, or $0.57 per unit, for the first quarter of 2008. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 10 percent to $159.0 million for the first quarter of 2009, compared with $145.1 million for the first quarter of 2008. EBITDA is a non-GAAP (Generally Accepted Acc... 
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04/23/09TEPPCO Partners, L.P. Names Duke R. Ligon and Irvin Toole, Jr. to Board of Directors
HOUSTON--(BUSINESS WIRE)--Apr. 23, 2009-- TEPPCO Partners, L.P. (NYSE:TPP) today announced that Duke R. Ligon and Irvin Toole, Jr. have been elected to the board of directors of its general partner, Texas Eastern Products Pipeline Company, LLC, effective April 22, 2009. In addition, both have been appointed to serve as members of the board’s Audit, Conflicts and Governance Committee. On March 12, 2009, TEPPCO announced that Chairman of the Board, Murray H. Hutchison, had withdrawn from the Audit... 
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04/21/09TEPPCO Exits Texas Offshore Oil Port and Pipeline Project
HOUSTON--(BUSINESS WIRE)--Apr. 21, 2009-- TEPPCO Partners, L.P. (NYSE:TPP) announced today that, effective April 16, 2009, its affiliate, TEPPCO O/S Port System, LLC, has elected to dissociate, or exit from, the Texas Offshore Port System partnership (“TOPS”) and forfeit its investment and its one-third ownership interest in the partnership. As a result, TEPPCO expects to record a non-cash charge of approximately $34 million against its earnings for the second quarter of 2009. The decision to di... 
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04/17/09TEPPCO Partners, L.P. Declares Cash Distribution and Announces First Quarter 2009 Earnings Call
HOUSTON--(BUSINESS WIRE)--Apr. 17, 2009-- TEPPCO Partners, L.P. (NYSE:TPP) today declared a first quarter cash distribution of $0.725 per unit, or $2.90 per unit on an annualized basis. The distribution is payable May 7, 2009 to unitholders of record on April 30, 2009, and covers the period January 1, 2009 through March 31, 2009. TEPPCO will announce its first quarter 2009 results on Tuesday, April 28, 2009 before the market opens for trading. Following the announcement, the partnership will h... 
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03/12/09TEPPCO General Partner President and CEO Takes Temporary Leave of Absence; Chairman of the Board Expands Responsibilities
HOUSTON--(BUSINESS WIRE)--Mar. 12, 2009-- TEPPCO Partners, L.P. (NYSE:TPP) today announced that Jerry E. Thompson, president, chief executive officer and director of its general partner, Texas Eastern Products Pipeline Company, LLC, has taken a leave of absence for medical reasons but will be available on a limited basis and is expected to return to his duties. The board of directors of the general partner has taken action to extend interim executive authority to Chairman Murray H. Hutchison. In... 
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03/03/09TEPPCO Partners, L.P. 2008 Form 10-K Now Available
HOUSTON--(BUSINESS WIRE)--Mar. 3, 2009-- TEPPCO Partners, L.P. (NYSE:TPP) today announced that it has filed the partnership’s Annual Report on Form 10-K for the year ending December 31, 2008 with the Securities and Exchange Commission. The report is also available for viewing and downloading through the TEPPCO website at www.teppco.com. Hard copies of the report may be ordered free of charge by calling (800) 659-0059. TEPPCO Partners, L.P., is a publicly traded energy logistics partnership wit... 
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02/19/09TEPPCO PARTNERS, L.P. 2008 K-1 Packages Now Available
HOUSTON--(BUSINESS WIRE)--Feb. 19, 2009-- TEPPCO Partners, L.P. (NYSE:TPP) today announced that the 2008 tax packages, including the Schedule K-1 are now available online and may be accessed via TEPPCO’s website at www.teppco.com. The partnership will begin mailing the 2008 tax packages on Monday, February 23, 2009, and expects to complete the process by Friday, February 27, 2009. For additional information, unitholders may call the K-1 Tax Package Support staff toll free at (866) 699-1093 betwe... 
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02/03/09TEPPCO Partners, L.P. Reports Fourth Quarter and 2008 Annual Results
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01/16/09TEPPCO Partners, L.P. Chief Financial Officer Resigns
HOUSTON--(BUSINESS WIRE)--Jan. 16, 2009--TEPPCO Partners, L.P. (NYSE:TPP) today announced that William G. Manias has resigned as vice president and chief financial officer (CFO) of its general partner, Texas Eastern Products Pipeline Company, LLC, effective January 15, 2009. Tracy E. Ohmart has been named acting CFO. "On behalf of the partnership, I would like to thank Bill for his leadership and contributions as we have expanded our business segments, increased service offerings to customers ... 
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01/16/09TEPPCO Partners, L.P. Declares Cash Distribution and Announces Fourth Quarter 2008 Earnings Call
HOUSTON--(BUSINESS WIRE)--Jan. 16, 2009--TEPPCO Partners, L.P. (NYSE:TPP) today declared a fourth quarter cash distribution of $0.725 per unit, or $2.90 per unit on an annualized basis. The rate for the fourth quarter of 2008 represents a 4.3 percent increase compared with the $0.695 per unit declared with respect to the fourth quarter of 2007. The distribution is payable February 6, 2009, to unitholders of record on January 30, 2009, and covers the period October 1, 2008 through December 31, 20... 
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12/08/08TEPPCO Partners, L.P. to Participate in the Wachovia Securities Pipeline and MLP Symposium
HOUSTON, Dec 08, 2008 (BUSINESS WIRE) -- TEPPCO Partners, L.P. (NYSE:TPP) today announced that Jerry E. Thompson, president and chief executive officer of TEPPCO's general partner, will present at the 7th Annual Wachovia Securities Pipeline and MLP Symposium at the Jumeirah Essex House in New York City on Wednesday, December 10, 2008, at 8:50 a.m. EST. A copy of the presentation will be available the day of the event and may be obtained from the TEPPCO website at www.teppco.com under the Inves... 
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10/28/08TEPPCO Partners, L.P. Reports Results for Third Quarter 2008
HOUSTON--(BUSINESS WIRE)--Oct. 28, 2008--TEPPCO Partners, L.P. (NYSE:TPP) today reported third quarter net income for 2008 of $47.0 million, or $0.40 per unit, compared with net income of $47.6 million, or $0.44 per unit, for the third quarter of 2007. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 13 percent to $129.1 million for the third quarter of 2008, compared with $114.4 million for the third quarter of 2007. Net income and EBITDA for the third quarter o... 
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10/09/08TEPPCO Partners, L.P. Declares Increase in Quarterly Cash Distribution and Announces Third Quarter 2008 Earnings Call
HOUSTON--(BUSINESS WIRE)--TEPPCO Partners, L.P. (NYSE:TPP) today declared a third quarter cash distribution of $0.725 per unit. This distribution is payable November 6, 2008, to unitholders of record on October 31, 2008, and covers the period July 1, 2008 through September 30, 2008. "We are pleased to announce this distribution increase, which represents a 4.3 percent increase over the annualized rate at the beginning of this year and is our second increase in 2008," said Jerry E. Thompson, pre... 
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09/24/08TEPPCO Operations Returning to Normal Following Hurricane Ike
HOUSTON--(BUSINESS WIRE)--Sept. 24, 2008--TEPPCO Partners, L.P. (NYSE:TPP) today announced that commercial power has now been restored to all of its terminal, storage and marine dock facilities in Texas that were impacted by Hurricane Ike, and operations are quickly returning to normal. On September 20th, the partnership's local utility provider resumed electricity service at the Texas City, Texas dock, the origination point for the 36-inch diameter portion of the Seaway pipeline system. The TEP... 
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09/17/08TEPPCO Resumes Service on Key Refined Products and Crude Oil Pipelines Following Hurricane Ike
HOUSTON--(BUSINESS WIRE)--Sept. 17, 2008--TEPPCO Partners, L.P. (NYSE:TPP) today announced that commercial power has been restored to the Seaway dock in Freeport, Texas and that the 30-inch diameter crude oil pipeline to Cushing, Oklahoma has resumed service at full rates. The TEPPCO-operated Freeport facilities, including the nearby Jones Creek terminal, received only minor damage and are ready to receive shipments from crude oil vessels when the port reopens. TEPPCO continues to assess the co... 
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09/14/08TEPPCO Conducts Initial Assessment of Operations Following Hurricane Ike; Reports No Significant Damage at Most Facilities
HOUSTON--(BUSINESS WIRE)--Sept. 14, 2008--TEPPCO Partners, L.P. (NYSE:TPP) today announced that initial aerial and ground inspections of its Gulf Coast facilities indicate no major visible damage at most of its facilities following Hurricane Ike, and that the loss of commercial power remains the most significant challenge to resuming normal operations. In addition, the partnership's headquarters in downtown Houston did not sustain any noteworthy effects from the storm. TEPPCO's marine dock at F... 
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09/04/08TEPPCO Partners, L.P. Announces Pricing of Units
HOUSTON--(BUSINESS WIRE)--Sept. 4, 2008--TEPPCO Partners, L.P. (NYSE:TPP) announced today that it has priced a public offering of 8,000,000 units representing limited partner interests. TEPPCO has also granted the underwriters an option to purchase up to an additional 1,200,000 units to cover overallotments. TEPPCO also agreed to sell approximately 240,000 additional units at the same public offering price to TEPPCO Unit L.P., an affiliate of EPCO, Inc. EPCO, Inc., along with TEPPCO, is under th... 
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09/03/08TEPPCO Operations Normal Following Hurricane Gustav
HOUSTON--(BUSINESS WIRE)--Sept. 3, 2008--TEPPCO Partners, L.P. (NYSE:TPP) today announced that based on assessments to date, its Gulf Coast facilities suffered no damage as a result of Hurricane Gustav, which made landfall Monday in Louisiana. The partnership's refined products pipeline system serving markets in the Midwest and northeastern United States remained operational throughout the storm at reduced rates. Service on TEPPCO's 14-inch products pipeline was temporarily suspended but resumed... 
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09/03/08TEPPCO Partners, L.P. Announces Public Offering of Units
HOUSTON--(BUSINESS WIRE)--Sept. 3, 2008--TEPPCO Partners, L.P. (NYSE:TPP) today announced the commencement of a public offering of 7,100,000 units representing limited partner interests. TEPPCO has also granted the underwriters an option to purchase up to an additional 1,065,000 units if they sell more than 7,100,000 units in the offering. In connection with the offering, TEPPCO is also selling approximately 220,000 additional units to an affiliate of EPCO, Inc., which along with TEPPCO, is unde... 
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08/18/08Enterprise, TEPPCO and Oiltanking Plan Texas Offshore Crude Oil Port and Pipeline System
Houston, Texas (August 18, 2008) – Enterprise Products Partners L.P. (NYSE: EPD), TEPPCO Partners, L.P. (NYSE: TPP) and Oiltanking Holding Americas, Inc. today announced they have formed a joint venture to design, construct, own and operate a new Texas offshore crude oil port and pipeline system to facilitate delivery of waterborne crude oil to refining centers along the upper Texas Gulf Coast. The initiative will provide an efficient alternative to offshore lightering and inland dock operations... 
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08/07/08TEPPCO Partners, L.P. Begins Service at New Boligee, Alabama Refined Products Terminal
HOUSTON--(BUSINESS WIRE)--Aug. 7, 2008--TEPPCO Partners, L.P. (NYSE:TPP) today announced that its TEPPCO Terminal and Marketing Company subsidiary has commenced operations at the partnership's new 500,000 barrel Boligee refined products terminal in Greene County, Alabama. Located along the Tennessee Tombigbee waterway, the facility has storage for gasoline, diesel and ethanol, and features direct access to most of the Gulf Coast refining centers through an interconnect with the Colonial pipeline... 
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07/29/08TEPPCO Partners, L.P. Reports Results for Second Quarter 2008
HOUSTON--(BUSINESS WIRE)--July 29, 2008--TEPPCO Partners, L.P. (NYSE:TPP) today reported second quarter net income for 2008 of $47.7 million, or $0.42 per unit, compared with net income of $47.8 million, or $0.44 per unit, for the second quarter of 2007. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 19 percent for the second quarter of 2008 to $128.1 million compared with $107.2 million for the second quarter of 2007. "We are pleased with our second quarter r... 
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07/23/08TEPPCO Expects No Material Impact as a Result of SemGroup, L.P. Bankruptcy Filing
HOUSTON, Jul 23, 2008 (BUSINESS WIRE) -- TEPPCO Partners, L.P. (NYSE:TPP) today confirmed that its subsidiary, TEPPCO Crude Oil, LLC, is listed as one of the unsecured creditors in the bankruptcy filing by SemGroup, L.P. and certain of its North American subsidiaries. Through an existing netting agreement for crude oil sold to and purchased from a subsidiary of SemGroup, TEPPCO's credit exposure has historically been minimal. While a review of the bankruptcy filings is still ongoing, based on hi... 
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07/21/08TEPPCO Increases Commitments under Credit Facility
HOUSTON--(BUSINESS WIRE)--July 21, 2008--TEPPCO Partners, L.P. (NYSE:TPP) today announced that total borrowing capacity under its revolving credit facility has been increased from $700 million to $950 million, effective July 17, 2008. The increased borrowing capability will provide TEPPCO additional financial flexibility in supporting its growth capital expenditure program. "We are very pleased with the additional $250 million of credit commitments from new and existing lenders," said Jerry Tho... 
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07/16/08TEPPCO Partners, L.P. Declares Quarterly Cash Distribution and Announces Second Quarter 2008 Earnings Call
HOUSTON--(BUSINESS WIRE)--July 16, 2008--TEPPCO Partners, L.P. (NYSE:TPP) today declared a second quarter cash distribution of $0.71 per unit. This distribution is payable August 7, 2008, to unitholders of record on July 31, 2008, and covers the period April 1, 2008 through June 30, 2008. TEPPCO will announce second quarter and year-to-date 2008 results on Tuesday, July 29, 2008, before the market opens for trading. Following the announcement, the partnership will host a conference call to disc... 
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05/21/08TEPPCO Expanding Inland Waterway Distribution Network With Construction of Three New Terminals
HOUSTON, May 21, 2008 (BUSINESS WIRE) -- TEPPCO Partners, L.P. (NYSE:TPP) today reported that it will construct three new refined product terminals along the Tennessee and Cumberland rivers that will supply markets in western Tennessee. Clarksville and Clifton, Tennessee will be home to two of the terminals with a third facility to be located at a site which has yet to be determined. Combined, the three new terminals are expected to have 800,000 barrels of storage capacity for gasoline, diesel a... 
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05/19/08TEPPCO Partners, L.P. to Present at 2008 Publicly Traded Partnership Investor Conference
HOUSTON, May 19, 2008 (BUSINESS WIRE) -- TEPPCO Partners, L.P. (NYSE:TPP) today announced that Jerry E. Thompson, president and chief executive officer for the general partner of TEPPCO, will present at the National Association of Publicly Traded Partnership's 2008 Investor Conference Wednesday, May 21, at 4:30 p.m. EDT in New York City. A copy of the presentation will be available May 21 and may be accessed from TEPPCO's website at www.teppco.com under the "Investors" tab. The presentation wi... 
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04/29/08TEPPCO Partners, L.P. Reports Solid First Quarter Results
HOUSTON, Apr 29, 2008 (BUSINESS WIRE) -- TEPPCO Partners, L.P. (NYSE:TPP) today reported first quarter net income for 2008 of $64.1 million, or $0.57 per unit, which included charges to interest expense totaling $12.3 million, comprised of an $8.7 million charge for the early repayment of debt at the TE Products Pipeline Company, LLC subsidiary and a charge of $3.6 million related to financial contracts used to hedge interest rates with respect to debt issued by the partnership in March 2008. Ne... 
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04/21/08TEPPCO Changes Time of Earnings Conference Call
HOUSTON, Apr 21, 2008 (BUSINESS WIRE) -- TEPPCO Partners, L.P. (NYSE:TPP) today announced that due to scheduling conflicts with earnings conference calls of other publicly traded partnerships that it has rescheduled the conference call with analysts and investors which will take place April 29, 2008 following the release of the partnership's first quarter 2008 financial results prior to the start of trading on the New York Stock Exchange. The call will now begin at 10:30 a.m. CDT instead of 9 a.... 
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04/14/08TEPPCO Partners, L.P. Declares Increase in Quarterly Cash Distribution; Announces Release Date for First Quarter 2008 Earnings Results and Conference Call
HOUSTON--(BUSINESS WIRE)--April 14, 2008--TEPPCO Partners, L.P. (NYSE:TPP) today announced an increase in its quarterly cash distribution to $0.71 from $0.695 per unit. This distribution is payable May 7, 2008, to unitholders of record on April 30, 2008, and covers the period January 1, 2008 through March 31, 2008. "We are pleased to announce this distribution increase, which is our third increase in the last four quarters," said Jerry E. Thompson, president and chief executive officer of the g... 
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03/24/08TEPPCO Prices $1 Billion of Senior Notes
HOUSTON, Mar 24, 2008 (BUSINESS WIRE) -- TEPPCO Partners, L.P. (NYSE:TPP) today announced that the partnership has priced a public offering of $250 million in principal amount of senior notes due 2013, $350 million in principal amount of senior notes due 2018 and $400 million in principal amount of senior notes due 2038. The proceeds from the offering will be applied to the repayment and cancellation of the partnership's 364-day term credit facility that was set to mature in December 2008. The ... 
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03/20/08TEPPCO to Webcast Analyst Presentation
HOUSTON--(BUSINESS WIRE)--March 20, 2008--TEPPCO Partners, L.P. (NYSE:TPP) today announced that management will host a meeting for security analysts and investors Tuesday, March 25, 2008, at 1 p.m. EDT in New York City. The presentation will be webcast live on the Internet and accompanied by a slide presentation accessible through the TEPPCO web site (www.teppco.com) under the "Investors" tab. Visitors to the web site interested in listening to the presentation should login at least fifteen min... 
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03/03/08TEPPCO Expands Marine Transportation Business; Acquires Assets from Horizon Maritime
HOUSTON--(BUSINESS WIRE)--March 3, 2008--TEPPCO Partners, L.P. (NYSE:TPP) today announced that its subsidiary, TEPPCO Marine Services, LLC, has acquired certain assets of Horizon Maritime, L.L.C., a Houston-based provider of marine transportation services for a variety of crude oil-based products, for approximately $87 million. The acquired assets include seven push boats and 17 barges that transport asphalt, bunker fuel and other oil products that require heated barges to storage facilities and... 
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02/28/08TEPPCO Partners, L.P. 2007 Form 10-K Now Available
HOUSTON--(BUSINESS WIRE)--Feb. 28, 2008--TEPPCO Partners, L.P. (NYSE:TPP) today announced that it has filed with the Securities and Exchange Commission the partnership's Annual Report on Form 10-K for the year ending December 31, 2007. The report is also available for viewing and downloading through the TEPPCO website at www.teppco.com. Hard copies of the report may be ordered free of charge by calling 800-659-0059. TEPPCO Partners, L.P. is a publicly traded partnership with an enterprise value... 
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02/22/08TEPPCO 2007 Schedule K-1 Packages Now Available
HOUSTON--(BUSINESS WIRE)--Feb. 22, 2008--TEPPCO Partners, L.P. (NYSE:TPP) today announced that the 2007 tax packages, which include the Schedule K-1, are now available online and may be accessed via TEPPCO's website at www.teppco.com. The partnership will begin mailing the tax packages on February 25, 2008, and expects to complete the process by February 29, 2008. For additional information, unitholders may contact the K-1 Tax Package Support Center at (877) 699-1093 between the hours of 8 a.m. ... 
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02/11/08TEPPCO Affiliate Begins Open Season for Proposed Expansion of Chaparral Pipeline
HOUSTON--(BUSINESS WIRE)--Feb. 11, 2008--TEPPCO Partners, L.P. (NYSE:TPP) affiliate, Chaparral Pipeline Company, LLC, today announced the start of a binding open season to seek shipper support for a proposed expansion of its 845-mile natural gas liquids (NGL) pipeline originating in the Permian Basin of West Texas and eastern New Mexico. The Chaparral pipeline delivers NGLs to the world's largest NGL fractionation complex in Mont Belvieu, Texas. The expansion project is designed to increase ann... 
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02/04/08TEPPCO Enters Marine Transportation Business with Acquisition of Assets from Louisiana-Based Company
HOUSTON--(BUSINESS WIRE)--Feb. 4, 2008--TEPPCO Partners, L.P. (NYSE:TPP) today announced that it has entered the marine transportation business for refined products, crude oil and lube products through the purchase of related assets from Houma, Louisiana-based Cenac Towing, Inc. and Cenac Offshore, LLC. TEPPCO, through its subsidiary, TEPPCO Marine Services, LLC, has acquired 42 push boats, 89 barges and the economic benefit of certain related commercial agreements for total consideration of app... 
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02/04/08TEPPCO Partners, L.P. Reports Results for Fourth Quarter and Year 2007
HOUSTON, Feb 04, 2008 (BUSINESS WIRE) -- TEPPCO Partners, L.P. (NYSE:TPP) today reported fourth quarter 2007 net income of $45.6 million, or $0.42 per unit, compared with net income of $56.6 million, or $0.53 per unit, for the fourth quarter of 2006. The $11 million decrease in net income was partly attributable to a $6 million gain on the sale of assets in the fourth quarter of 2006, or $0.06 per unit. In addition, net income for the fourth quarter of 2007 was negatively impacted by expenses fo... 
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01/14/08Teppco Partners, L.P. Declares Fourth Quarter 2007 Cash Distribution and Announces Earnings Call
HOUSTON, Jan 14, 2008 (BUSINESS WIRE) -- TEPPCO Partners, L.P. (NYSE:TPP) today declared a fourth quarter cash distribution of $0.695 per unit. This distribution is payable February 7, 2008, to unitholders of record on January 31, 2008, and covers the period from October 1, 2007, through December 31, 2007. TEPPCO plans to announce fourth quarter and full year 2007 results on Monday, February 4, 2008, before the market opens for trading. Following the announcement, the partnership will host a c... 
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01/02/08Donald H. Daigle Joins Board of Directors of TEPPCO General Partner
HOUSTON, Jan 02, 2008 (BUSINESS WIRE) -- TEPPCO Partners, L.P. (NYSE:TPP) today announced that Donald H. Daigle has been elected to the board of directors of its general partner, effective January 1, 2008. In addition, he has been appointed to serve as a member of the board's Audit, Conflicts and Governance Committee. Mr. Daigle most recently served as Vice President Refining for ExxonMobil Refining and Supply Company and held numerous executive and managerial posts during his 43-year career wit... 
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12/26/07TE Products Pipeline Company, LLC Exercises Its Call Option to Redeem Its 7.51% Senior Notes, Due 2028
HOUSTON--(BUSINESS WIRE)--Dec. 26, 2007--TEPPCO Partners, L.P. (NYSE:TPP) and one of its operating subsidiaries, TE Products Pipeline Company, LLC ("TE Products"), today announced that TE Products will exercise its right to redeem the $175 million principal balance of its 7.51% senior notes that are due January 2028. This redemption represents the entire outstanding principal balance of this series of notes and will occur on January 28, 2008. Under the terms of these notes, the call premium to b... 
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12/05/07TEPPCO Partners, L.P. to Participate in the Wachovia Securities Pipeline and MLP Symposium
HOUSTON--(BUSINESS WIRE)--Dec. 5, 2007--TEPPCO Partners, L.P. (NYSE:TPP) today announced that Jerry E. Thompson, president and chief executive officer of TEPPCO's general partner, will present at the 6th annual Wachovia Securities Pipeline and MLP Symposium at the Jumeirah Essex House in New York City on Thursday, December 6, 2007, at 2:40 p.m. EST. The presentation materials will be available on TEPPCO's web site (www.teppco.com) under the "Investors" tab. TEPPCO Partners, L.P. is a publicly t... 
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11/14/07TEPPCO Partners, L.P. to Participate in the RBC Capital Markets MLP Conference
HOUSTON--(BUSINESS WIRE)--Nov. 14, 2007--TEPPCO Partners, L.P. (NYSE:TPP) today announced that Jerry E. Thompson, president and chief executive officer of TEPPCO's general partner, will present at the RBC Capital Markets MLP Conference in Irving, Texas on Thursday, November 15, 2007, at 10 a.m. CST. The presentation will be webcast live at www.wsw.com/webcast/rbc81/tpp. A copy of the slide presentation will also be available on TEPPCO's web site (www.teppco.com) under the "Investors" tab. TEPPC... 
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10/25/07TEPPCO Partners, L.P. Reports Record Third Quarter Earnings
HOUSTON--(BUSINESS WIRE)--Oct. 25, 2007--TEPPCO Partners, L.P. (NYSE:TPP) today reported record third quarter net income for 2007 of $47.6 million, or $0.44 per unit, compared with net income of $41.1 million, or $0.39 per unit, for the third quarter of 2006. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased to a record $114.4 million for the third quarter of 2007, an increase of 13 percent compared with $101.6 million for the third quarter of 2006. Net income fo... 
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10/18/07TEPPCO Partners, L.P. Launches Cash Distribution Reinvestment Plan
HOUSTON--(BUSINESS WIRE)--Oct. 18, 2007--TEPPCO Partners, L.P. (NYSE:TPP) announced today that its Distribution Reinvestment Plan (DRIP) is now open for enrollment to unitholders. "I am pleased to announce our new Distribution Reinvestment Plan, which is available to owners of units of TEPPCO Partners, L.P.," said Jerry Thompson, President and Chief Executive Officer of TEPPCO. "The Plan offers a simple, convenient and no-cost means of investing in TEPPCO's units." Plan highlights include: ... 
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10/12/07TEPPCO Partners, L.P. Declares Increase in Quarterly Cash Distribution and Announces Third Quarter 2007 Earnings Call
HOUSTON--(BUSINESS WIRE)--Oct. 12, 2007--TEPPCO Partners, L.P. (NYSE:TPP) today announced an increase in its quarterly cash distribution to $0.695 from $0.685 per unit. This distribution is payable November 7, 2007, to unitholders of record on October 31, 2007, and covers the period from July 1, 2007, through September 30, 2007. "We are pleased to announce our second distribution increase in 2007, which represents a 3% increase in the annualized rate compared with the third quarter of 2006," sa... 
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10/03/07TEPPCO Completes Expansion of Oil Storage Facility at Cushing, Oklahoma
HOUSTON--(BUSINESS WIRE)--Oct. 3, 2007--TEPPCO Partners, L.P. (NYSE:TPP) today announced that it has placed into service three new crude oil storage tanks at its Cushing, Oklahoma facility representing a 900,000 barrel, or nearly 50 percent, increase in its storage capacity. The expansion, which is supported by long-term dedicated lease agreements, brings total capacity at the Cushing facility to 2.8 million barrels. "The expansion of our Cushing crude oil assets provides the market with valuab... 
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09/18/07TEPPCO Partners, L.P. to Participate in the UBS 2007 MLP Conference
HOUSTON--(BUSINESS WIRE)--Sept. 18, 2007--TEPPCO Partners, L.P. (NYSE:TPP) today announced that it will be participating in one-on-one meetings with analysts and investors as part of the UBS 2007 MLP Conference taking place September 19-20 in Las Vegas, Nevada. A copy of the information to be provided to the participants will be available Wednesday, September 19 on TEPPCO's web site (www.teppco.com) under the "Investors" tab. TEPPCO Partners, L.P. is a publicly traded partnership with an enterp... 
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08/06/07TEPPCO Partners, L.P. Announces Acquisition of Additional LPG Storage in Ohio
HOUSTON--(BUSINESS WIRE)--Aug. 6, 2007--TEPPCO Partners, L.P. (NYSE:TPP) today announced it has purchased an underground liquid petroleum gas (LPG) storage cavern adjacent to its Todhunter Terminal in Middletown, Ohio. The cavern, along with a cavern purchased in a separate transaction in December 2006, increases TEPPCO's storage capacity by 330,000 barrels. The additional storage capacity complements TEPPCO's recent expansion of its LPG pipeline between Greensburg and Eagle, Pennsylvania, whic... 
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07/26/07TEPPCO Partners, L.P. Reports Record Second Quarter Earnings Results
HOUSTON--(BUSINESS WIRE)--July 26, 2007--TEPPCO Partners, L.P. (NYSE:TPP) today reported net income for the second quarter of 2007 of $47.8 million, or $0.44 per unit, compared with net income of $41.5 million, or $0.42 per unit, for the second quarter of 2006. Earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations increased 11 percent to $107.2 million for the second quarter of 2007, compared with $97.0 million for the second quarter of 2006. Net inc... 
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07/13/07TEPPCO Partners, L.P. Declares Quarterly Cash Distribution and Announces Second Quarter 2007 Earnings Call
HOUSTON--(BUSINESS WIRE)--July 13, 2007--TEPPCO Partners, L.P. (NYSE:TPP) today declared a second quarter cash distribution of $0.685 per unit. This distribution is payable Aug. 7, 2007, to unitholders of record on July 31, 2007, and covers the period from April 1, 2007, through June 30, 2007. TEPPCO will announce second quarter and year-to-date 2007 results on Thursday, July 26, 2007, before the market opens for trading. Following the announcement, the company will host a conference call relat... 
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05/15/07TEPPCO Partners, L.P. Prices $300 Million Offering of Junior Subordinated Notes
HOUSTON--(BUSINESS WIRE)--May 15, 2007--TEPPCO Partners, L.P. (NYSE:TPP) today announced that it has priced $300 million of fixed/floating rate junior subordinated notes ("Notes") pursuant to a public offering. The Notes have a 60-year final maturity and feature a fixed-rate coupon of 7.00% for an initial 10-year period with an issue price of $99.839. After the initial 10-year period, the Notes will bear interest at a floating rate. The partnership expects to complete the offering May 18, 2007. ... 
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04/26/07TEPPCO Partners, L.P. Reports Record Results for 2007 First Quarter; Increases Distribution
HOUSTON, Apr 26, 2007 (BUSINESS WIRE) -- TEPPCO Partners, L.P. (NYSE:TPP) today reported net income for the first quarter of 2007 of $138.2 million, or $1.29 per unit, compared with net income of $62.9 million, or $0.63 per unit, for the first quarter of 2006. The first quarter of 2007 included a $59.8 million gain on the sale of TEPPCO's ownership interests in Mont Belvieu Storage Partners, L.P. and Mont Belvieu Venture, LLC (collectively, MBSP), as required by the Federal Trade Commission, and... 
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02/22/07TEPPCO 2006 Schedule K-1 Packages Now Available
HOUSTON--(BUSINESS WIRE)--Feb. 22, 2007--TEPPCO Partners, L.P. (NYSE:TPP) today announced that it has begun mailing the 2006 tax packages, which include its Schedule K-1, and expects to complete the process by February 28. The tax packages are also available online and may be accessed via TEPPCO's website at www.teppco.com. For additional K-1 tax information, unitholders may call 877-699-1093. TEPPCO Partners, L.P. is a publicly traded partnership with an enterprise value of approximately $5 bi... 
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02/06/07TEPPCO Partners, L.P. Reports Record Results for Both the Fourth Quarter and Full Year 2006
HOUSTON--(BUSINESS WIRE)--Feb. 6, 2007--TEPPCO Partners, L.P. (NYSE:TPP) today reported record net income of $56.6 million, or $0.53 per unit for the fourth quarter of 2006, representing a 27 percent increase from net income of $44.6 million, or $0.45 per unit, for the fourth quarter of 2005. Net income for the 12 months ended December 31, 2006, increased 24 percent to a record $202.1 million, or $1.96 per unit, compared with $162.6 million, or $1.71 per unit for the full year 2005. Income from ... 
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01/12/07TEPPCO Partners, L.P. Declares Quarterly Cash Distribution and Announces Fourth Quarter 2006 Earnings Call
HOUSTON--(BUSINESS WIRE)--Jan. 12, 2007--TEPPCO Partners, L.P. (NYSE: TPP) today declared a fourth quarter cash distribution of $0.675 per unit. This distribution is payable Feb. 7, 2007, to unitholders of record on Jan. 31, 2007, and covers the period from Oct. 1, 2006, through Dec. 31, 2006. TEPPCO will announce fourth quarter and full year 2006 results on Tuesday, Feb. 6, 2007, after the market closes for trading. Following the announcement, the company will host a call related to earnings p... 
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11/06/06TEPPCO Partners, L.P. Reports Record Results for the Third Quarter of 2006
HOUSTON--(BUSINESS WIRE)--Nov. 6, 2006--TEPPCO Partners, L.P. (NYSE:TPP) today reported net income of $41.1 million, or $0.39 per unit for the third quarter of 2006, compared with net income of $29.6 million, or $0.30 per unit, for the third quarter of 2005. Net income for the nine months ended Sept. 30, 2006, was $145.5 million, or $1.43 per unit, compared with $117.9 million, or $1.25 per unit, for the same period in 2005. Net income for the nine months ended Sept. 30, 2006, includes a $17.9 m... 
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10/13/06TEPPCO Partners, L.P. Declares Quarterly Cash Distribution and Announces Third Quarter 2006 Earnings Call
HOUSTON--(BUSINESS WIRE)--Oct. 13, 2006--TEPPCO Partners, L.P. (NYSE:TPP) today declared a third quarter cash distribution of $0.675 per unit. This distribution is payable Nov. 7, 2006, to unitholders of record on Oct. 31, 2006, and covers the period from July 1, 2006, through Sept. 30, 2006. TEPPCO will announce third quarter 2006 results on Monday, Nov. 6, 2006, after the market closes for trading. Following the announcement, the company will host a call related to earnings performance at 8 a... 
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08/01/06TEPPCO Partners, L.P. Reports Second Quarter 2006 Results, with Another Record Performance from the Upstream Segment
HOUSTON--(BUSINESS WIRE)--Aug. 1, 2006--TEPPCO Partners, L.P. (NYSE:TPP) today reported net income for the second quarter of 2006 of $41.5 million, or $0.42 per unit, compared with net income of $40.9 million, or $0.43 per unit, for the second quarter of 2005. Net income for the six months ended June 30, 2006, was $104.3 million, or $1.05 per unit, compared with $88.4 million, or $0.96 per unit, for the six months ended June 30, 2005. Net income for the six months ended June 30, 2006, includes... 
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07/14/06TEPPCO Partners, L.P. Declares Quarterly Cash Distribution and Announces Second Quarter 2006 Earnings Call
HOUSTON--(BUSINESS WIRE)--July 14, 2006--TEPPCO Partners, L.P. (NYSE:TPP) today declared a second quarter cash distribution of $0.675 per unit. This distribution is payable August 7, 2006, to unitholders of record on July 31, 2006, and covers the period from April 1, 2006, through June 30, 2006. TEPPCO will announce second quarter 2006 results on Tuesday, August 1, 2006, after the market closes for trading. Following the announcement, the company will host a call related to earnings performan... 
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05/02/06TEPPCO Partners, L.P. Reports 2006 First Quarter Results - Strong Performance from the Upstream and Midstream Segments
HOUSTON, May 02, 2006 (BUSINESS WIRE) -- TEPPCO Partners, L.P. (NYSE:TPP) today reported net income for the first quarter of 2006 of $62.9 million, or $0.63 per unit, compared with net income of $47.4 million, or $0.54 per unit, for the first quarter of 2005. Excluding the impact of the sale of the Pioneer gas processing plant, which is being accounted for as discontinued operations, income from continuing operations for the first quarter of 2006 was $43.4 million, or $0.43 per unit, compared wi... 
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04/13/06TEPPCO 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 ... 
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03/06/06TEPPCO Partners, L.P. Withdraws from 2006 Master Limited Partnership Investor Conference Due to the Passing of Chairman
HOUSTON--(BUSINESS WIRE)--March 6, 2006--TEPPCO Partners, L.P. (NYSE:TPP) announced today that is has chosen to withdraw from the 2006 Master Limited Partnership Investor Conference, scheduled for March 8, 2006, due to the unexpected passing of its chairman and acting chief executive officer, Lee W. Marshall, Sr. 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. TEP... 
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03/01/06TEPPCO Partners, L.P. to Present at 2006 Master Limited Partnership Investor Conference
HOUSTON--(BUSINESS WIRE)--March 1, 2006--TEPPCO Partners, L.P. (NYSE:TPP) today announced that William G. Manias, vice president and chief financial officer of the general partner of TEPPCO will present at the 2006 Master Limited Partnership Investor Conference at 1:15 p.m. (ET) on Wednesday, March 8, 2006, in New York City. Mr. Manias will discuss TEPPCO's performance, growth strategies and financial objectives. A copy of the slide presentation will be available on TEPPCO's Web site under the ... 
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02/17/06TEPPCO Announces Next Expansion of Jonah System; Executes Letter of Intent with Enterprise Products Affiliate to Pursue Joint Venture
  HOUSTON--(BUSINESS WIRE)--Feb. 17, 2006--TEPPCO Partners, L.P. (NYSE:TPP) today announced that it has entered into a letter of intent (LOI) with an affiliate of Enterprise Products Partners L.P. (NYSE:EPD) to form a joint venture to construct an additional expansion of the Jonah Gas Gathering System. The Jonah system, located in the Green River Basin of southwestern Wyoming, gathers and transports natural gas produced from the prolific Jonah and Pinedale fields to natural gas processing ... 
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02/07/06TEPPCO Partners, L.P. Reports Record Results; to Restate for Amortization of Intangible Assets Related to Investments in Centennial and Seaway
  HOUSTON--(BUSINESS WIRE)--Feb. 7, 2006--TEPPCO Partners, L.P. (NYSE:TPP) today reported record net income for 2005 of $162.5 million, a 17 percent increase, compared with net income of $138.5 million for the year ended Dec. 31, 2004. Net income per unit amounts were $1.71 and $1.56 for the years ended Dec. 31, 2005 and 2004, respectively. Net income for the years 2005 and 2004 includes non-cash asset impairment charges of $2.6 million, or $0.03 per unit, and $4.4 million, or $0.05 per un... 
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01/27/06TEPPCO Partners, L.P. Announces Retirement of Senior Vice President and General Counsel
  HOUSTON--(BUSINESS WIRE)--Jan. 27, 2006--TEPPCO Partners, L.P. (NYSE:TPP) announced today that James C. Ruth has elected to retire as senior vice president, general counsel and secretary of Texas Eastern Products Pipeline Company, LLC, the general partner of TEPPCO Partners, L.P., effective Feb. 28, 2006. "I would like to take this opportunity to thank Jim for his dedication and leadership to TEPPCO during his 36 years of service. His contribution in helping form the Partnership in 1990... 
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01/13/06TEPPCO Partners, L.P. Names William G. Manias Chief Financial Officer
  HOUSTON--(BUSINESS WIRE)--Jan. 13, 2006--Texas Eastern Products Pipeline Company, LLC, the general partner of TEPPCO Partners, L.P. (NYSE:TPP), announced today that William G. Manias has joined the company as chief financial officer (CFO), effective Jan. 13, 2006. In this role, he will serve as the principal financial and accounting officer of the company. "I am pleased to announce Bill's appointment as TEPPCO's chief financial officer," said Lee W. Marshall, Sr., acting chief executive... 
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01/13/06TEPPCO Partners, L.P. Declares Quarterly Cash Distribution and Announces Fourth Quarter and Year End 2005 Earnings Call
  HOUSTON--(BUSINESS WIRE)--Jan. 13, 2006--TEPPCO Partners, L.P. (NYSE:TPP) today declared a fourth quarter cash distribution of $0.675 per unit. This distribution is payable Feb. 7, 2006, to unitholders of record on Jan. 31, 2006, and covers the period from Oct. 1, 2005, through Dec. 31, 2005. TEPPCO will announce fourth quarter and year end 2005 results on Tuesday, Feb. 7, 2006, after the market closes for trading. Following the announcement, the company will host a call related to earn... 
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12/30/05TEPPCO Partners, L.P. Announces Retirement of President and Chief Executive Officer
  HOUSTON--(BUSINESS WIRE)--Dec. 30, 2005--TEPPCO Partners, L.P. (NYSE:TPP) announced today that Barry R. Pearl has retired as president and chief executive officer (CEO) of Texas Eastern Products Pipeline Company, LLC, the general partner of TEPPCO Partners, L.P., effective Dec. 31, 2005. Lee W. Marshall, Sr., chairman of TEPPCO's board of directors, has been named as acting CEO. "On behalf of the Partnership, I would like to express appreciation for Barry's excellent leadership and cont... 
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12/13/05TEPPCO Partners, L.P. Announces Amendment to Revolving Credit Facility
  HOUSTON--(BUSINESS WIRE)--Dec. 13, 2005--TEPPCO Partners, L.P. (NYSE:TPP) announced today that it has completed an amendment to its multi-year revolving credit facility. The significant terms of the amendment are described below. Total bank commitments increased from $600 million to $700 million. The amendment also provided that the commitments under the credit facility may be increased up to a maximum of $850 million upon the request of the Partnership, subject to lender approval a... 
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12/02/05TEPPCO Partners, L.P. to Present at Wachovia Securities Pipeline Conference in New York City
  HOUSTON--(BUSINESS WIRE)--Dec. 2, 2005--TEPPCO Partners, L.P. (NYSE:TPP) today announced that Barry R. Pearl, president and chief executive officer of the general partner of TEPPCO, will present at the Wachovia Securities Pipeline Conference and Symposium at 2:30 p.m. ET on Tuesday, Dec. 6, 2005, in New York City. Pearl will discuss TEPPCO's performance, growth strategies and financial objectives. A copy of the presentation will be available on TEPPCO's Web site under the Investors tab ... 
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11/23/05TEPPCO Partners, L.P. Announces Resignation of Chairman
  HOUSTON--(BUSINESS WIRE)--Nov. 23, 2005--Texas Eastern Products Pipeline Company, LLC, the general partner of TEPPCO Partners, L.P. (NYSE:TPP), announced today the resignation of Dr. Ralph S. Cunningham as chairman of the board of directors. Lee W. Marshall, Sr. will succeed Dr. Cunningham as chairman. Mr. Marshall serves as a member of the Audit and Conflicts Committee and as a member of the Governance Committee. He has been the managing partner and principal owner of Bison Resources, ... 
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10/26/05TEPPCO Partners, L.P. Reports Third Quarter 2005 Results
  HOUSTON--(BUSINESS WIRE)--Oct. 26, 2005--TEPPCO Partners, L.P. (NYSE:TPP) today reported net income for third quarter 2005 of $30.9 million, or $0.31 per unit, compared with net income of $25.9 million, or $0.29 per unit, for third quarter 2004. Net income for the nine months ended Sept. 30, 2005, was $121.7 million, or $1.29 per unit, compared with $104.1 million, or $1.18 per unit, for the nine months ended Sept. 30, 2004. The three month and nine month periods ended Sept. 30, 2005 and... 
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10/14/05TEPPCO Partners, L.P. Declares Quarterly Cash Distribution and Announces Third Quarter 2005 Earnings Call
  HOUSTON, Oct 14, 2005 (BUSINESS WIRE) -- TEPPCO Partners, L.P. (NYSE:TPP) today declared a third quarter cash distribution of $0.675 per unit. This distribution is payable Nov. 7, 2005, to unitholders of record on Oct. 31, 2005, and covers the period from July 1, 2005, through Sept. 30, 2005. TEPPCO will announce third quarter 2005 results on Wednesday, Oct. 26, 2005, after the market closes for trading. Following the announcement, the company will host a call related to earnings perfo... 
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10/04/05TEPPCO Partners, L.P. Provides Update of Throughput Rates for Pipelines Affected by Hurricane Rita
  HOUSTON--(BUSINESS WIRE)--Oct. 4, 2005--TEPPCO Partners, L.P. (NYSE:TPP), today reported that it has increased the throughput rates on its mainline refined products system, which has been operating at reduced rates as a result of Hurricane Rita. The 230,000 barrel per day capacity, 20-inch diameter mainline system, which primarily delivers liquefied petroleum gases (LPGs) and gasoline from the Texas Gulf Coast to the Midwest, is pumping from the company's Mont Belvieu, Texas, storage fa... 
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09/26/05TEPPCO Partners, L.P. Returns Service to Systems Affected by Hurricane Rita
  HOUSTON--(BUSINESS WIRE)--Sept. 26, 2005--TEPPCO Partners, L.P. (NYSE:TPP), today reported that assessments of the company's Gulf Coast area facilities show minimal impact from Hurricane Rita. The company shut down several of its pipeline systems late last week in anticipation of the storm. The 350,000 barrel per day capacity Seaway Crude Pipeline, from the Texas Gulf Coast to Cushing, Okla., resumed full operation on Sept. 25, 2005, after assessments of the Texas City, Texas, and Freep... 
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09/19/05TEPPCO Partners, L.P. Propane Release and Fire near Middletown, Ohio
  HOUSTON, Sep 19, 2005 (BUSINESS WIRE) -- TEPPCO Partners, L.P. (NYSE:TPP), reported a propane release and fire occurred at its Todhunter facility, Sunday, Sept. 18, 2005, at approximately 11 p.m. (EDT). The incident occurred at a dehydration unit within the TEPPCO storage facility, near Middletown, Ohio, which is approximately 30 miles north of Cincinnati, Ohio. The company has confirmed the death of one employee. There were no other injuries. TEPPCO is in communication with the family... 
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07/25/05TEPPCO Partners, L.P. Reports Second Quarter and First Half 2005 Results
  HOUSTON, Jul 25, 2005 (BUSINESS WIRE) -- TEPPCO Partners, L.P. (NYSE:TPP) today reported net income for second quarter 2005 of $42.2 million, or $0.45 per unit, compared with net income of $37.8 million, or $0.43 per unit, for second quarter 2004. Net income for the six months ended June 30, 2005, was $90.8 million, or $0.99 per unit, compared with $78.2 million, or $0.88 per unit, for the six months ended June 30, 2004. Net income per unit for the 2005 periods reflects 7 million units... 
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07/15/05TEPPCO Partners, L.P. Announces Gulf Coast Refined Products System Expansion Project
  HOUSTON--(BUSINESS WIRE)--July 15, 2005--TEPPCO Partners, L.P. (NYSE:TPP) announced today that it is initiating an expansion of its refined products origin capabilities in the Houston, Texas, and Texas City, Texas areas. As part of the project, TEPPCO has acquired from Texas Genco LLC all of its interests in certain companies, which own a 90-mile pipeline system and 5.8 million barrels of storage capacity. The transaction is valued at approximately $62 million. The assets of the purchas... 
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07/15/05TEPPCO Partners, L.P. Declares Increase in Quarterly Cash Distribution and Announces Second Quarter 2005 Earnings Call
  HOUSTON--(BUSINESS WIRE)--July 15, 2005--TEPPCO Partners, L.P. (NYSE:TPP) today announced that it will increase its quarterly cash distribution to $0.675 from $0.6625 per unit. This distribution is payable Aug. 5, 2005, to unitholders of record on July 29, 2005, and covers the period from April 1, 2005, through June 30, 2005. "We are pleased to increase our quarterly distribution, continuing our 13-year track record of solid distribution growth," said Barry R. Pearl, president and chief... 
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07/12/05TEPPCO Partners, L.P. Announces Retirement of Chief Financial Officer
  HOUSTON--(BUSINESS WIRE)--July 12, 2005--TEPPCO Partners, L.P. (NYSE:TPP) announced today that Charles H. Leonard has elected to retire as senior vice president and chief financial officer (CFO) of Texas Eastern Products Pipeline Company, LLC, the general partner of TEPPCO Partners, L.P., effective July 8, 2005. Tracy E. Ohmart has been named acting CFO. "On behalf of the Partnership, I would like to express appreciation for Chuck's considerable contributions to the formation of TEPPCO ... 
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06/08/05TEPPCO Partners, L.P. Announces Sale of Additional 865,000 Units
  HOUSTON--(BUSINESS WIRE)--June 8, 2005--TEPPCO Partners, L.P. (NYSE:TPP) today announced Citigroup Global Markets Inc. and UBS Securities LLC have purchased an additional 865,000 common units to cover over-allotments in connection with TEPPCO's equity offering that closed May 11, 2005. The purchase price was the offering price to the public of $41.75 per unit, less the underwriting discount. The sale brings the total number of common units outstanding to 69.9 million. The total net proce... 
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05/26/05TEPPCO Partners, L.P. Opens New Refined Products Truck Loading Terminal in Northwestern Louisiana
  HOUSTON--(BUSINESS WIRE)--May 26, 2005--TEPPCO Partners, L.P. (NYSE:TPP) announced today the opening of a new refined products truck loading terminal in Bossier City, La. The facility includes six storage tanks and a fully automated two-bay truck loading rack. The facility will add more than 20,000 barrels per day of refined products delivery capacity to the Northwest Louisiana and East Texas markets. Located near Shreveport, La., the facility will increase the delivery of branded and u... 
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05/20/05TEPPCO Partners, L.P. Announces Revised Schedule for Earnings and Cash Distribution Announcements
  HOUSTON--(BUSINESS WIRE)--May 20, 2005--TEPPCO Partners, L.P. (NYSE:TPP), today announced the following revised schedule for quarterly earnings releases and cash distribution declarations. Cash Distribution Earnings Earnings Quarter Ended Declaration Dates Reporting Dates Conference Call ------------- ----------------- --------------- --------------- June 30, 2005 July 15, 2005 July 25, 2005 July 26, 2005 Sept. 30, 2005 Oct. 14, 2005 ... 
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05/05/05TEPPCO Partners, L.P. Announces Pricing Of Units
  HOUSTON--(BUSINESS WIRE)--May 5, 2005--TEPPCO Partners, L.P. (NYSE:TPP) announced today that it has priced 6.1 million units representing limited partner interests at $41.75 per unit. The offering is scheduled to close on May 11, 2005. The net proceeds from the offering of approximately $244 million will be used by TEPPCO to fund approximately $165 million of capital expenditures during the remainder of 2005 for revenue generating and system upgrade projects, to reduce amounts outstandi... 
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05/02/05TEPPCO Partners, L.P. Announces Offering of Units
  HOUSTON--(BUSINESS WIRE)--May 2, 2005--TEPPCO Partners, L.P. (NYSE:TPP) today announced the commencement of a public offering of 5 million units representing limited partner interests, with an over-allotment option of 750,000 additional units. Net proceeds from the offering will be used by TEPPCO to fund approximately $165 million of capital expenditures during the remainder of 2005 for revenue generating and system upgrade projects, to reduce amounts outstanding under its bank revolving... 
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04/25/05TEPPCO Partners, L.P. Reports Record First Quarter Results
  HOUSTON--(BUSINESS WIRE)--April 25, 2005--TEPPCO Partners, L.P. (NYSE:TPP) today reported net income for first quarter 2005 of $48.6 million, or $0.55 per unit, compared with net income of $40.4 million, or $0.46 per unit for first quarter 2004. EBITDA (earnings before interest, taxes, depreciation and amortization) was $99.4 million for first quarter 2005, compared with $92.8 million for first quarter 2004. "We are pleased with our record EBITDA and net income performance in first quar... 
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04/15/05TEPPCO Partners, L.P. Declares First Quarter 2005 Distribution
  HOUSTON--(BUSINESS WIRE)--April 15, 2005--TEPPCO Partners, L.P. (NYSE:TPP) today declared a first quarter cash distribution of $0.6625 per unit. This distribution is payable May 6, 2005, to unitholders of record on April 29, 2005. This distribution covers the period from Jan. 1, 2005, through March 31, 2005. TEPPCO Partners, L.P. is a publicly traded master limited partnership, which conducts business through various subsidiary operating companies. TEPPCO owns and operates one of the la... 
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04/12/05TEPPCO Partners, L.P. Announces First Quarter 2005 Results Conference Call
  HOUSTON--(BUSINESS WIRE)--April 12, 2005--TEPPCO Partners, L.P. (NYSE:TPP) will release first quarter 2005 results on Monday, April 25, 2005, after the market closes. Following are details on the related conference call: What: TEPPCO Partners, L.P. first quarter 2005 financial results conference call When: Tuesday, April 26, 2005 at 9 a.m. Eastern/8 a.m. Central Where: www.teppco.com How: To participate live over the Internet or via telephone - simply log on to the Web site at the... 
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04/01/05TEPPCO Partners, L.P. to Purchase Crude Oil Pipeline Assets in Southeast Texas
  HOUSTON, Apr 01, 2005 (BUSINESS WIRE) -- TEPPCO Partners, L.P. (NYSE:TPP) announced today that it has acquired crude oil pipeline assets in Texas from BP Pipelines (North America) Inc. The assets include a 158-mile pipeline from Mexia, Texas, to the Houston, Texas, area, and two stations in Alvin, Texas, and Lamar, Texas, with connections to BP's 26-inch diameter pipeline originating from Genoa Junction, south of Houston. The acquisition will be immediately accretive to income and cash f... 
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04/01/05TEPPCO Partners, L.P. to Purchase Crude Oil Storage Assets in Oklahoma
  HOUSTON--(BUSINESS WIRE)--April 1, 2005--TEPPCO Partners, L.P. (NYSE:TPP) announced today that it has acquired crude oil storage and terminaling assets in Cushing, Okla., from Koch Supply & Trading, LP. Cushing is the primary crude oil distribution point for the Central United States and the largest delivery point for the New York Mercantile Exchange. The assets consist of eight storage tanks with 945,000 barrels of storage, receipt and delivery manifolds, interconnections to severa... 
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03/22/05TEPPCO General Partner Announces Changes to Board of Directors
  HOUSTON, Mar 22, 2005 (BUSINESS WIRE) -- Texas Eastern Products Pipeline Company, LLC, the general partner of TEPPCO Partners, L.P. (NYSE:TPP), today announced changes to its board of directors. These changes to the board, which are effective today, follow the recent acquisition of TEPPCO's general partner by EPCO, Inc. from Duke Energy Field Services, LLC. The newly elected board is comprised of a majority of outside directors who are independent under the criteria of the New York Stock... 
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03/04/05Company Profile for TEPPCO Partners, L.P.
  --(BUSINESS WIRE)--TEPPCO Partners, L.P. is a publicly traded master limited partnership, 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... 
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02/25/05TEPPCO Partners, L.P. to Present at 2005 Master Limited Partnership Investor Conference
  HOUSTON, Feb. 25 /PRNewswire-FirstCall/ -- TEPPCO Partners, L.P. (NYSE: TPP) today announced that Barry R. Pearl, president and chief executive officer of the general partner of TEPPCO, will present at the 2005 Master Limited Partnership Investor Conference at 1:25 p.m. (ET) on Monday, Feb. 28, 2005, in New York City. Pearl will discuss TEPPCO's performance, growth strategies and financial objectives. A copy of the slide presentation will be available on TEPPCO's Web site under the Inve... 
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02/24/05TEPPCO Partners, L.P. General Partner Acquired by EPCO, Inc.
  HOUSTON, Feb 24, 2005 /PRNewswire-FirstCall via COMTEX/ -- TEPPCO Partners, L.P. (NYSE: TPP) announced today that EPCO, Inc., a privately owned company controlled by Dan L. Duncan, has acquired its general partner, Texas Eastern Products Pipeline Company, LLC from Duke Energy Field Services, LLC. The acquisition is valued at $1.1 billion. Additionally, in a separate transaction, EPCO and its affiliates have agreed to purchase 2.5 million TEPPCO limited partner units, valued at approximat... 
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02/09/05TEPPCO Partners L.P. Reports Record Fourth Quarter and 2004 Annual Results
  HOUSTON, Feb 09, 2005 /PRNewswire-FirstCall via COMTEX/ -- TEPPCO Partners L.P. (NYSE: TPP) today reported net income for 2004 of $142.4 million, or $1.61 per unit, compared with net income of $125.8 million, or $1.52 per unit for the year ended Dec. 31, 2003. Fourth quarter 2004 net income was $38.3 million, or $0.43 per unit, compared with fourth quarter 2003 net income of $27.4 million, or $0.31 per unit. The weighted-average number of Limited Partner units outstanding was 63 millio... 
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02/09/05TEPPCO Partners, L.P. Announces $122 Million Phase IV Expansion of Jonah Gas Gathering System
  HOUSTON, Feb. 9 /PRNewswire-FirstCall/ -- TEPPCO Partners, L.P. (NYSE: TPP) announced today a Phase IV Expansion on the Jonah Gas Gathering System in southwestern Wyoming. The project will expand system capacity to approximately 1.5 billion cubic feet per day (Bcf/day) and is expected to cost approximately $122 million. The expansion should be fully operational by December 2005. "This project demonstrates the continuing growth opportunities in the Jonah Gas Gathering System and our ongo... 
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01/24/05TEPPCO Partners, L.P. Announces Fourth Quarter 2004 Results Conference Call
  HOUSTON, Jan 24, 2005 /PRNewswire-FirstCall via COMTEX/ -- TEPPCO Partners, L.P. (NYSE: TPP) will release fourth quarter 2004 results on Wednesday, Feb. 9, 2005. Following are details on the related conference call: What: TEPPCO Partners, L.P. fourth quarter 2004 financial results conference call When: Thursday, Feb. 10, 2005 at 9 a.m. Eastern/8 a.m. Central Where: www.teppco.com How: To participate live over the Internet or via telephone - simply log on to the Web site at the addr... 
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01/24/05TEPPCO Partners, L.P. Announces Schedule for Earnings and Cash Distribution Announcements
  HOUSTON, Jan. 24 /PRNewswire-FirstCall/ -- TEPPCO Partners, L.P. (NYSE: TPP), today announced the following schedule for quarterly earnings releases and cash distribution declarations. Quarter Ended Cash Distribution Earnings Reporting Dates Declaration Dates Dec. 31, 2004 Jan. 14, 2005 Feb. 9, 2005 March 31, 2005 April 15, 2005 April 28, 2005 June 30, 2005 July 15, 2005 July 28, 2005 Sept. 30. 2005 ... 
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01/14/05TEPPCO Partners, L.P. Declares Fourth Quarter 2004 Distribution
  HOUSTON, Jan. 14 /PRNewswire-FirstCall/ -- TEPPCO Partners, L.P. (NYSE: TPP) today declared a fourth quarter cash distribution of $0.6625 per unit. This distribution is payable Feb. 7, 2005, to unitholders of record on Jan. 31, 2005. This distribution covers the period from Oct. 1, 2004, through Dec. 31, 2004. TEPPCO Partners, L.P. is a publicly traded master limited partnership, which conducts business through various subsidiary operating companies. TEPPCO owns and operates one of the ... 
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K-1 Tax Information

The 2016 K-1s for Enterprise Products Partners L.P. (EPD) are available online.

Contact Info

Investor Relations

P.O. Box 4324

Houston, TX 77210-4324 USA

Phone: (866) 230-0745

Fax: (713) 381-8200

Email: Investor.relations@eprod.com

Transfer Agent

EQ Shareowner Services

161 N Concord Exchange

South St Paul, MN 55075

Phone: (855) 235-0839

Web: shareowneronline.com