Gross operating margin from Enterprise’s offshore crude oil pipeline business was $22 million for the third quarter of 2012 compared to $19 million for the third quarter of 2011. Total offshore crude oil pipeline volumes increased 13 percent to 293 MBPD in the third quarter of 2012 versus 259 MBPD in the same quarter of 2011.The Offshore Pipelines & Services segment continues to be adversely impacted by lower volumes attributable to the federal offshore drilling moratorium in 2010 and 2011. In recent months, however, the rig count and drilling activity in the Gulf of Mexico is approaching pre-moratorium levels.
Enterprise Reports Results For The Third Quarter Of 2012
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
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.