Enterprise’s NGL fractionation business reported record gross operating margin of $82 million for the fourth quarter of 2012 compared to $69 million reported for the same quarter of 2011. This increase was attributable to a $24 million increase in gross operating margin at the partnership’s Mont Belvieu fractionators on a 100 MBPD increase in volume, which more than offset an $11 million decline in gross operating margin from Norco due to lower volumes and NGL prices. Enterprise began operations at its sixth NGL fractionator at Mont Belvieu in October 2012. Fractionation volumes for the fourth quarter of 2012 increased 15 percent to a record 707 MBPD compared to the same quarter in 2011.Onshore Natural Gas Pipelines & Services – Enterprise’s Onshore Natural Gas Pipelines & Services segment reported an $11 million increase in gross operating margin for the fourth quarter of 2012 to a record $210 million from $199 million for the fourth quarter of 2011. Total onshore natural gas pipeline volumes were 13.4 TBtud in the fourth quarter of 2012 compared to 13.2 TBtud in the fourth quarter of 2011.
Enterprise Reports Record Results For 2012
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