EL PASO PIPELINE PARTNERS L
SymbolEPB

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El Paso Pipeline Partners Reports Sharp Increase in Third Quarter Results

2009-11-04 07:45 ET - News Release

HOUSTON, TX -- (MARKET WIRE) -- 11/04/09

El Paso Pipeline Partners, L.P. (NYSE: EPB) is reporting today third quarter 2009 financial and operational results for the partnership.

Highlights:

--  Net income attributable to El Paso Pipeline Partners, L.P. (EPB) of
    $46.6 million -- up from $33.2 million in the third quarter of 2008
--  Earnings of $0.35 per common unit, versus $0.29 per common unit in the
    third quarter of 2008
--  Distributable cash flow of $53.7 million -- an increase of 57 percent
    from the third quarter of 2008
--  Increased quarterly cash distributions to $0.35 per common and
    subordinated unit for the third quarter of 2009, an approximately 17
    percent increase from the third quarter of 2008
--  Placed WIC-Piceance Lateral Expansion in-service
--  Completed the acquisition of additional interests in Colorado
    Interstate Gas Company (CIG)
    

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