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Inter Pipeline Benefits from Increased Production

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Inter Pipeline Benefits from Increased Production

Inter Pipeline Ltd. has announced today financial and operating results for the three and six month periods ended June 30, 2014.

Second Quarter Highlights Generated funds from operations* (FFO) of $132 million, a 25 percent increase over second quarter 2013 Attractive quarterly payout ratio* of 82 percent Generated net income of $85 million, a gain of $18 million over second quarter 2013 normalized results Incurred growth capital expenditures* of $235 million, primarily related to Inter Pipeline's $2.9 billion expansion program on the Cold Lake and Polaris systems Total pipeline throughput volumes averaged 1,058,900 barrels per day (b/d) Conventional oil pipeline throughput volumes increased 30,000 b/d or 18% over second quarter 2013 levels to 200,900 b/d Announced a long-term agreement…
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