TEPPCO Ranked 267th on Barron’s 500 List for 2009
May 11 2009 - 5:54PM
Business Wire
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
methodology and company rankings is available in the publication�s
May 11, 2009 issue or at www.barrons.com.
�We are very pleased with our improvement in this year�s
rankings, which speaks to the effectiveness of our ongoing strategy
and the efforts of our talented personnel to increase cash flow and
build value for investors,� said Jerry E. Thompson, president and
chief executive officer of TEPPCO�s general partner. �Our 2008
financial performance, which supported two distribution rate
increases last year, was even more impressive given the global
economic conditions we faced during the year.�
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
(www.teppco.com). Texas Eastern Products Pipeline Company, LLC, the
general partner of TEPPCO Partners, L.P., is owned by Enterprise GP
Holdings (NYSE:EPE).
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