Enterprise’s butane isomerization business reported gross operating margin of $26 million in the third quarter of 2012 compared to $33 million in the third quarter of 2011 due primarily to a decrease in isomerization fees and lower revenues from the sales of by-products. Butane isomerization volumes during the third quarter of 2012 were 104 MBPD compared to 105 MBPD in the third quarter of 2011.Enterprise’s refined products pipelines and related services business reported gross operating margin of $7 million for the third quarter of 2012 compared to $22 million for the third quarter of 2011. This decrease in gross operating margin was largely due to a 22 percent decrease in pipeline volumes, which was partially attributable to less demand to transport refined products from the Gulf Coast to the Midwest. Total pipeline volumes for this business were 571 MBPD for the third quarter of 2012 compared to 677 MPBD for the third quarter of 2011.
Enterprise Reports Results For The Third Quarter Of 2012
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