EXHIBIT 99.5 |
ENTERPRISE PRODUCTS PARTNERS L.P.
RECAST OF SELECTED FINANCIAL DATA FOR THE
THREE MONTHS ENDED MARCH 31, 2009 AND JUNE 30, 2009
Enterprise Products Partners L.P. | ||||||||
Supplemental Condensed Statements of Consolidated Operations – UNAUDITED | ||||||||
($ in millions, except per unit amounts) | ||||||||
For the | For the | |||||||
Three Months | Three Months | |||||||
Ended | Ended | |||||||
March 31, | June 30, | |||||||
2009 | 2009 | |||||||
Revenues | $ | 4,886.9 | $ | 5,434.3 | ||||
Costs and expenses: | ||||||||
Operating costs and expenses | 4,376.6 | 5,024.5 | ||||||
General and administrative costs | 34.9 | 46.1 | ||||||
Total costs and expenses | 4,411.5 | 5,070.6 | ||||||
Equity in earnings of unconsolidated affiliates | 7.4 | 9.6 | ||||||
Operating income | 482.8 | 373.3 | ||||||
Other income (expense): | ||||||||
Interest expense | (152.5 | ) | (158.5 | ) | ||||
Other, net | 1.2 | 0.8 | ||||||
Total other expense | (151.3 | ) | (157.7 | ) | ||||
Income before provision for income taxes | 331.5 | 215.6 | ||||||
Provision for income taxes | (16.0 | ) | (3.1 | ) | ||||
Net income | 315.5 | 212.5 | ||||||
Net income attributable to noncontrolling interests | (90.2 | ) | (25.9 | ) | ||||
Net income attributable to Enterprise Products Partners L.P. | $ | 225.3 | $ | 186.6 | ||||
Net income allocated to: | ||||||||
Limited partners | $ | 186.3 | $ | 147.0 | ||||
General partner | $ | 39.0 | $ | 39.6 | ||||
Per unit data (fully diluted): (1) | ||||||||
Earnings per unit | $ | 0.41 | $ | 0.32 | ||||
Average LP units outstanding (in millions) | 452.7 | 458.5 | ||||||
(1) For purposes of computing diluted earnings per unit, we used the provisions of Emerging Issues Task Force 07-4, Application of the Two-Class Method under FASB Statement No. 128 to Master Limited Partnerships. |
Enterprise Products Partners L.P. | ||||||||
Supplemental Condensed Operating Data – UNAUDITED | ||||||||
($ in millions) | ||||||||
For the | For the | |||||||
Three Months | Three Months | |||||||
Ended | Ended | |||||||
March 31, | June 30, | |||||||
2009 | 2009 | |||||||
Gross operating margin by segment: | ||||||||
NGL Pipelines & Services | $ | 350.9 | $ | 363.8 | ||||
Onshore Natural Gas Pipelines & Services | 161.9 | 121.2 | ||||||
Onshore Crude Oil Pipelines & Services | 50.5 | 42.1 | ||||||
Offshore Pipelines & Services | 61.3 | (1.1 | ) | |||||
Petrochemical & Refined Products Services | 89.5 | 96.1 | ||||||
Total gross operating margin | 714.1 | 622.1 | ||||||
Adjustments to reconcile gross operating margin to | ||||||||
operating income: | ||||||||
Depreciation, amortization and accretion in operating | ||||||||
costs and expenses | (196.4 | ) | (200.5 | ) | ||||
Impairment charges included in operating costs and expenses | -- | (2.3 | ) | |||||
Operating lease expense paid by EPCO in operating | ||||||||
costs and expenses | (0.2 | ) | (0.1 | ) | ||||
Gain from asset sales and related transactions in operating costs and expenses | 0.2 | 0.2 | ||||||
General and administrative costs | (34.9 | ) | (46.1 | ) | ||||
Operating income | $ | 482.8 | $ | 373.3 | ||||
Selected operating data: (1) | ||||||||
NGL Pipelines & Services, net: | ||||||||
NGL transportation volumes (MBPD) | 2,121 | 1,993 | ||||||
NGL fractionation volumes (MBPD) | 441 | 459 | ||||||
Equity NGL production (MBPD) | 114 | 118 | ||||||
Fee-based natural gas processing (MMcf/d) | 3,104 | 2,714 | ||||||
Onshore Natural Gas Pipelines & Services, net: | ||||||||
Natural gas transportation volumes (BBtus/d) | 10,339 | 10,672 | ||||||
Onshore Crude Oil Pipelines & Services, net: | ||||||||
Crude oil transportation volumes (MBPD) | 645 | 750 | ||||||
Offshore Pipelines & Services, net: | ||||||||
Natural gas transportation volumes (BBtus/d) | 1,542 | 1,460 | ||||||
Crude oil transportation volumes (MBPD) | 126 | 244 | ||||||
Platform natural gas processing (MMcf/d) | 777 | 753 | ||||||
Platform crude oil processing (MBPD) | 3 | 10 | ||||||
Petrochemical & Refined Products Services, net: | ||||||||
Butane isomerization volumes (MBPD) | 90 | 100 | ||||||
Propylene fractionation volumes (MBPD) | 68 | 67 | ||||||
Octane additive production volumes (MBPD) | 5 | 10 | ||||||
Transportation volumes, primarily petrochemicals and refined products (MBPD) | 841 | 788 | ||||||
Total, net: | ||||||||
NGL, crude oil, petrochemical and refined products transportation volumes (MBPD) | 3,733 | 3,775 | ||||||
Natural gas transportation volumes (BBtus/d) | 11,881 | 12,132 | ||||||
Equivalent transportation volumes (MBPD) (2) | 6,860 | 6,968 | ||||||
(1) Operating rates are reported on a net basis, taking into account our ownership interests in certain joint ventures, and include volumes for newly constructed assets from the related in-service dates and for recently purchased assets from the related acquisition dates. (2) Reflects equivalent energy volumes where 3.8 MMBtus of natural gas are equivalent to one barrel of NGLs. |