Operational Updates | General | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Inter Pipeline Focuses on Oil Sands Transportation in 2013
Print
|
Inter Pipeline Ltd. has reported record financial and operating results for the three and twelve month periods ended December 31, 2013.
2013 Highlights: Acquired Pipeline Assets Corp., the former owner of Inter Pipeline's general partner, and subsequently completed conversion from a limited partnership structure to a dividend paying corporation Generated funds from operations* of $473 million, a new annual record Low annual payout ratio* of 74 percent Increased dividend payments to shareholders by $0.18 per share, the largest annualized increase in Inter Pipeline's history Normalized net income of $302 million after excluding one-time non-cash internalization costs of $349 million Incurred record growth capital expenditures* of $1.7 billion during the yearOil sands and conventional oil…Finish this article — free account or subscription
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in