TEPPCO Partners, L.P. 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.
“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
Contact:
TEPPCO Partners, L.P.
Investor Relations
Mark G. Stockard, 713-381-4707 or 800-659-0059
or
Media Relations
Rick Rainey, 713-381-3635
source yahoo
“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
Contact:
TEPPCO Partners, L.P.
Investor Relations
Mark G. Stockard, 713-381-4707 or 800-659-0059
or
Media Relations
Rick Rainey, 713-381-3635
source yahoo
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