The Lone Star Joint Venture, which was acquired in May 2011, owns and operates NGL storage, fractionation and transportation assets and is operated by Energy Transfer Partners, L.P. For the second quarter of 2012, income from unconsolidated affiliates for the Lone Star Joint Venture was $12 million, compared to $8 million for the period from May 2, 2011 to June 30, 2011. For the second quarter of 2012, total throughput volumes for the West Texas Pipeline averaged 133,000 barrels per day, compared to 128,000 barrels per day for the period from May 2, 2011 to June 30, 2011, and NGL Fractionation throughput volumes averaged 21,000 barrels per day, compared to 15,000 barrels per day.
Contract Compression – The Contract Compression segment provides turn-key natural gas compression services for customer-specific systems.
Segment margin for the Contract Compression segment, including both revenues from external customers as well as intersegment revenues, was $38 million for the second quarter of 2012, compared to $37 million for the second quarter of 2011. As of June 30, 2012, the Contract Compression segment’s revenue generating horsepower, including intersegment revenue generating horsepower, increased to 825,000, compared to 811,000 as of June 30, 2011. The increase in revenue generating horsepower is primarily attributable to additional horsepower placed into service in south Texas for the Gathering and Processing segment to provide compression services to external customers.
Contract Treating – The Partnership owns and operates a fleet of equipment used to provide treating services, such as carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration and BTU management to natural gas producers and midstream pipeline companies.Segment margin for the Contract Treating segment was $7 million for the second quarter of 2012, compared to $8 million for the second quarter of 2011. As of June 30, 2012, revenue generating gallons per minute was 3,773, compared to 3,368 as of June 30, 2011.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts