El Paso Pipeline Partners, L.P. (EPB: Quote) reported second-quarter Limited Partner's net income of $91 million or $0.44 per share, down from $98 million or $0.50 per share in the year-ago comparable quarter.
Limited Partners' net income before certain items for the quarter was $96 million or $0.46 per share, compared to $84 million or $0.42 per share last year.
On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.51 per share for the quarter. Analysts' estimates typically excludes special items.
Revenues for the latest quarter declined to $367 million from $383 million in the same period last year.
Six analysts expected revenues of $360.12 million for the quarter.
Looking forward, EPB said that it expects to generate almost $1.2 billion in earnings before DD&A in 2012.
The company also noted that it has increased its quarterly cash distribution per common unit to $0.55 payable on August 14 to unitholders of record as of July 31.
Click here to receive FREE breaking news email alerts for el paso pipeline partners l.p. and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org