TEPPCO Ranked Among Houston’s Best-Performing Companies in Chronicle 100 List for 2009
May 19 2009 - 12:30PM
Business Wire
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 survey
that includes some of the premier players in the energy industry is
very rewarding and complements other national recognition TEPPCO
has received for its 2008 financial results,� said Jerry E.
Thompson, president and chief executive officer of TEPPCO�s general
partner. �Helping to drive our performance has been the
partnership�s diverse portfolio of strategically positioned assets,
which facilitated distribution rate increases to TEPPCO unitholders
in 2008.�
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 transportation 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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