Santa Fe Pacific Pipeline Partners LP: The...
Santa Fe Pacific Pipeline Partners LP: The Orange petroleum products pipeline company reported second quarter net income of $19.8 million, or $1 per unit. A year ago, the company had net income of $12.3 million, or 62 cents a unit, which included a $9-million charge for environmental litigation. Operating revenue rose slightly to $60.8 million from $60.6 million.
For the first six months of the year, net income totaled $35.3 million, or $1.78 per unit, compared to $27 million, or $1.36 a unit, for the same period last year. Operating revenue increased 2% to $117.4 million from $114.8 million.
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