TEPPCO Partners, L.P. Declares Cash Distribution andAnnounces First Quarter 2009 Earnings Call
April 17 2009 - 1:00PM
Business Wire
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 host a conference call at 9 a.m.
CDT to discuss its earnings performance. The call will be broadcast
live on the Internet and may be accessed from the partnership�s
website, www.teppco.com under the �Investors� tab. Those interested
in listening to the webcast should log in at least 10 minutes prior
to the start of the conference call to download and install any
necessary audio software. An audio replay of the conference call
will be accessible for seven days by dialing (877) 660-6853 and
using account code 345 and replay ID number 319948. The replay and
transcript will also be available on the TEPPCO website.
TEPPCO Partners, L.P., is a publicly traded energy logistics
partnership with operations that span much of the continental
United States. TEPPCO owns and operates an extensive network of
assets that facilitate the movement, marketing, gathering and
storage of various commodities and energy-related products. The
partnership�s midstream network is comprised of approximately
12,500 miles of pipelines that gather and transport refined
petroleum products, crude oil, natural gas, liquefied petroleum
gases (LPGs) and natural gas liquids, including one of the largest
common carrier pipelines for refined petroleum products and LPGs in
the United States. TEPPCO�s storage assets include approximately 27
million barrels of capacity for refined petroleum products and LPGs
and about 14 million barrels of capacity for crude oil. TEPPCO also
owns a marine business that operates primarily on the United States
inland and Intracoastal Waterway systems, and in the Gulf of
Mexico. For more information, visit TEPPCO�s website. Texas Eastern
Products Pipeline Company, LLC, the general partner of TEPPCO
Partners, L.P., is owned by Enterprise GP Holdings (NYSE:EPE).
This news release includes forward-looking statements. 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, insufficient cash from
operations, market conditions, governmental regulations and factors
discussed in TEPPCO Partners, L.P.'s filings with the Securities
and Exchange Commission. If any of these risks or uncertainties
materializes, or should underlying assumptions prove incorrect,
actual results or outcomes may vary materially from those expected.
The partnership disclaims any intention or obligation to update
publicly or reverse such statements, whether as a result of new
information, future events or otherwise.
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