TEPPCO Partners, L.P. Declares Cash Distribution and Announces Fourth Quarter 2008 Earnings Call

Source: www.gulfoilandgas.com 1/16/2009, Location: North America

TEPPCO Partners, 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, 2008.

TEPPCO will announce its fourth quarter and full year 2008 results on Tuesday, February 3, 2009, before the market opens for trading. Following the announcement, the partnership will host a conference call at 9 a.m. CST to discuss its earnings performance. Those interested in listening to the webcast should log in at least ten minutes prior to the start of the conference call to download and install any necessary audio software. A replay of the conference call webcast will be accessible on the TEPPCO website for one week following the call.

TEPPCO Partners, L.P., is a publicly traded 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 transports refined petroleum products, crude oil and lube products via tow boats and tank barges that operate primarily on the United States inland and Intracoastal Waterway systems, and in the Gulf of Mexico. Texas Eastern Products Pipeline Company, LLC, the general partner of TEPPCO Partners, L.P., is owned by Enterprise GP Holdings.


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