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Article: Inter Pipeline Fund Announces Strong Third Quarter 2009 Results.
- Article from:
- Marketwire Canada
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. 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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CALGARY, ALBERTA, Nov 5, 2009 (Marketwire via COMTEX) -- Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) announced today its financial and operating results for the three and nine month periods ended September 30, 2009.
Highlights
- Funds from operations(i) totalled $81.3 million in the third quarter
- Strong payout ratio before sustaining capital(i) of 64.4% for the third quarter
- Cash distributions to unitholders totalled $52.4 million, or $0.21 per unit during the quarter
- Throughput volumes on Inter Pipeline's oil sands transportation and conventional oil pipeline systems averaged 734,700 barrels per day (b/d)
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