Enterprise’s NGL fractionation business reported a $47 million, or 69 percent, increase in gross operating margin to a record $116 million for the third quarter of 2013 from $69 million reported for the same quarter of 2012. Our Mont Belvieu fractionators reported a $40 million increase in gross operating margin reflecting higher volumes and revenues associated with our sixth and seventh NGL fractionators that began service in October 2012 and September 2013, respectively. Total fractionation volumes for the third quarter of 2013 increased to a record 736 MBPD from 653 MBPD in the third quarter of 2012.Onshore Natural Gas Pipelines & Services – Enterprise’s Onshore Natural Gas Pipelines & Services segment reported record gross operating margin of $213 million for the third quarter of 2013 compared to $184 million for the third quarter of 2012. For the third quarter of 2013, the Texas Intrastate System reported a $24 million increase in gross operating margin compared to the third quarter of 2012 primarily due to higher revenues. Volume on the Texas Intrastate System increased 43 billion British thermal units per day (“BBtud”) as a result of increases in Eagle Ford shale production. Gross operating margin from natural gas marketing activities increased $15 million for the third quarter of 2013 compared to the same quarter of 2012 primarily due to higher natural gas sales margins. Aggregate gross operating margin for the Haynesville, Jonah and Piceance Basin gathering systems declined by $13 million in the third quarter of 2013 compared to the third quarter of last year due to the effects of reduced drilling activities and production declines in the regions served by these systems. In general, producers have reduced their drilling programs in areas that typically have reserves of dry natural gas or natural gas with a lower content of NGLs.
Enterprise Reports Results For The Third Quarter Of 2013
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