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Article: NORTHERN BORDER PARTNERS, L.P., REPORTS 17 PERCENT INCREASE IN THIRD QUARTER PRO FORMA NET INCOME TO $13.5 MILLION

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PR Newswire
Article date:
November 5, 1993
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HOUSTON, Nov. 5 /PRNewswire/ -- Northern Border Partners, L.P. (NYSE: NBP), today reported pro forma net income of $13.5 million for the third quarter of 1993, a 17 percent increase over $11.5 million in pro forma net income for the comparable period in 1992.  Pro forma net income per common unit for the three months ended Sept. 30, 1993, amounted to 50 cents compared to 43 cents per common unit in the third quarter period of 1992.  Comparative revenues for the periods were $50.4 million for the most recent quarter and $40.9 million a year ago. 
The 1993 year-to-date pro forma net income amounted to $40.0 million, compared to $34.2 million on a pro forma basis for the first ...

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