TEPPCO Announces Drop in 4Q08 Income and Focuses Spending on Port Arthur Terminal, an Industrial Info News Alert
February 04 2009 - 6:00AM
Marketwired
Researched by Industrial Info Resources (Sugar Land, Texas) --
TEPPCO Partners LP (NYSE:TPP) (Houston, Texas) has reported a
fourth-quarter 2008 net income of $34.7 million, down nearly 24%
compared with $45.6 million in the same quarter of 2007. The
majority of the company's current capital spending will go toward
the completion of a refined-products storage facility in Port
Arthur, Texas, President and CEO Jerry Thompson said. Industrial
Info is tracking 13 active TEPPCO projects worth about $345 million
as part of our North American Industrial Database.
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