TEPPCO Partners, L.P. Declares Quarterly Cash Distribution and Announces Second Quarter 2007 Earnings Call
Posted on: Friday, 13 July 2007, 18:05 CDT
TEPPCO Partners, L.P. (NYSE:TPP) today declared a second quarter cash distribution of $0.685 per unit. This distribution is payable Aug. 7, 2007, to unitholders of record on July 31, 2007, and covers the period from April 1, 2007, through June 30, 2007.
TEPPCO will announce second quarter and year-to-date 2007 results on Thursday, July 26, 2007, before the market opens for trading. Following the announcement, the company will host a conference call related to earnings performance at 10:30 a.m. CDT.
Interested parties may listen live over the Internet or via telephone by dialing 877-719-9788, confirmation code 9789457. Please call five to 10 minutes prior to the scheduled start time. To participate live over the Internet, log on to the company's Web site at www.teppco.com.
An audio replay of the conference call will also be available for seven days by dialing 888-203-1112, confirmation code 9789457. A replay and transcript will also be available by accessing the company's Web site.
TEPPCO Partners, L.P. is a publicly traded partnership with an enterprise value of approximately $5 billion, which conducts business through various subsidiary operating companies. TEPPCO owns and operates one of the largest common carrier pipelines of refined petroleum products and liquefied petroleum gases in the United States; owns and operates petrochemical and natural gas liquid pipelines; is engaged in transportation, storage, gathering and marketing of crude oil; owns and operates natural gas gathering systems; and has ownership interests in Jonah Gas Gathering Company, Seaway Crude Pipeline Company, Centennial Pipeline LLC, and an undivided ownership interest in the Basin Pipeline. Texas Eastern Products Pipeline Company, LLC, the general partner of TEPPCO Partners, L.P., is owned by Enterprise GP Holdings L.P. (NYSE:EPE). For more information, visit TEPPCO's Web site. Additional information about Enterprise GP Holdings is available online at www.enterprisegp.com.
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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, market conditions, governmental regulations and factors discussed in TEPPCO Partners, L.P. filings with the Securities and Exchange Commission.
Source: Business Wire
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