Gross operating margin for the Offshore Pipelines & Services segment was $38 million in the third quarter of 2006 compared to $17 million in the third quarter of 2005.
Petrochemical Services - Gross operating margin for this segment increased 9% to $52 million for the third quarter of 2006 from $48 million reported for the third quarter of 2005. The partnership's octane enhancement business posted a $4 million, or 29%, increase in gross operating margin to $18 million for the third quarter of 2006 compared to $14 million in the same quarter last year.
Propylene fractionation reported a $2 million increase in gross operating margin to $15 million for the third quarter of 2006 compared to $13 million for the same quarter of last year. Propylene fractionation volumes for the third quarter of 2006 were 57,000 BPD compared to 55,000 BPD in the third quarter of 2005.
Petrochemical pipeline transportation volumes increased by 51,000 BPD, or 102%, to 101,000 BPD in the third quarter of 2006 compared to 50,000 BPD in the third quarter of 2005. This volume increase was largely due to the 33,000 BPD contribution from the recently completed Texas City refinery-grade propylene pipeline system.
Enterprise Products Partners L.P. is one of the largest publicly traded energy partnerships with an enterprise value of more than $16 billion, and a leading North American provider of midstream energy services to producers and consumers of natural gas, Natural Gas Liquids ( NGLs ) and crude oil.
Enterprise Products Partners L.P.
marketing@alchempro.com
