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Article: Inter Pipeline Fund Announces Strong Second Quarter 2006 Results
- Article from:
- CCNMatthews Newswire
- Article date:
- August 10, 2006
CopyrightCopyright 2006 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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CALGARY, ALBERTA--(CCNMatthews - Aug. 10, 2006) - Inter Pipeline
Fund (TSX:IPL.UN) (Inter Pipeline) announced today its financial and
operating results for the three and six month period ended June 30,
2006.
Highlights
- Funds from operations(1) increased $16.0 million or 48.9% to
$4
8.8 million compared to the same quarter last year
- Quarterly payout ratio(1) of 80.2%; year-to-date payout ratio of
80.8%
- Net income of $30.8 million, up $13.8 million or 80.6% from the
same quarter a year ago
- Cash distributions(1) to unitholders totaled $39.2 million or
$
0.1950 per unit
- Volumes on the Cold Lake pipeline system reached a new quarterly
record, transporting 334,000 barrels per day (b/d), up ...