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Article: Northern Border Partners, L.P. Reports Third Quarter Net Income of $12.7 Million and Declares Quarterly Dividend
- Article from:
- PR Newswire
- Article date:
- October 16, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON, Oct. 16 /PRNewswire/ -- Northern Border Partners, L.P. (NYSE: NBP) today reported net income of $12.7 million, or $0.47 per unit, for the third quarter of 1997. The amounts compare to net income of $12.9 million, or $0.48 per unit, for the same period in 1996. Comparative operating revenues were $52.7 million for the most recent quarter and $52.9 million a year ago.
For the first nine months of 1997, Northern Border Partners, L.P. reported net income of $39.0 million, compared to $38.5 million for the first nine months of 1996. Net income per unit for the nine months ended September 30, 1997 amounted to $1.45 per unit compared to $1.44 per unit for ...