Enterprise’s NGL fractionation business reported a $15 million, or 27 percent, increase in gross operating margin to $69 million for the third quarter of 2012 from $54 million reported for the same quarter of 2011. Our Mont Belvieu fractionators reported an $18 million increase in gross operating margin, which was primarily due to higher volumes and revenues associated with our fifth NGL fractionator that went into service in October 2011. Enterprise’s South Texas and Promix fractionators also reported increases in gross operating margin. These increases were partially offset by the Norco and Baton Rouge facilities, which reported an aggregate $6 million decrease in gross operating margin. The lower volumes fractionated at Norco and Baton Rouge were attributable to more NGLs being fractionated in Mont Belvieu and downtime associated with certain third party-owned production facilities in the Gulf of Mexico and storage facilities in Louisiana due in part to the effects of Hurricane Isaac. Fractionation volumes for the third quarter of 2012 increased 18 percent to 653 MBPD compared to 554 MBPD in the third quarter of 2011.Onshore Natural Gas Pipelines & Services – Enterprise’s Onshore Natural Gas Pipelines & Services segment reported a $28 million, or 18 percent, increase in gross operating margin for the third quarter of 2012 to $184 million from $156 million for the third quarter of 2011. Total onshore natural gas pipeline volumes increased 1.8 TBtud, or 15 percent, to a record 14.2 TBtud for the third quarter of 2012.
Enterprise Reports Results For The Third Quarter Of 2012
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