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Inter Pipeline Reports Q1 Results
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Inter Pipeline Ltd. has announced financial and operating results for the three month period ended March 31, 2016.
First Quarter Highlights FFO for the bulk liquid storage business segment set a new record of $31 million, an increase of 53 percent compared to the first quarter 2015 Net income for the quarter was $105 million, or $0.31 per share Declared cash dividends of $131 million, or $0.39 per share Total pipeline throughput volumes remained strong, averaging 1,312,700 barrels per day (b/d) Completed construction of a $25 million diluent connection to the JACOS-Nexen Hangingstone project Secured a long-term diluent supply connection agreement with Pembina Pipeline on the Polaris pipeline system Entered into a long-term agreement to provide bitumen blend transportation service to the…- ✓ Full news archive — U.S., Canada & international coverage
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