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ENRON LIQUIDS PIPELINE, L.P. REPORTSSECOND QUARTER NET INCOME OF $ 0.6 MILLION

 HOUSTON, July 22 /PRNewswire/ -- Enron Liquids Pipeline, L. P. (NYSE: ENP) today reported net income of $0.6 million for the second quarter of 1993, versus $0.9 million on a pro forma basis for the comparable period in 1992. Net income per common unit for the three months ended June 30, 1993, amounted to $0.10 compared to pro forma net income per common unit of $0.15 in the second quarter period in 1992. Comparative revenues for the periods were $10.3 million for the most recent quarter and $10.8 million a year ago.
 For the first half of the year, the company reported net income of $2.5 million, compared to $4.8 million on a pro forma basis for the first six months a year ago. Net income for the six month period was $0.44 per unit versus the $0.84 per unit on a pro forma basis for the first two quarters of 1992. Year-to-date revenues amounted to $22.9 million versus $25.1 million for the comparable period last year.
 Cash flow available to unitholders for the second quarter was $0.55 per unit and has been declared payable on August 13, 1993 to unit holders of record on July 30, 1993.
 "While second quarter earnings were lower than pro forma earnings a year ago in a seasonally weak time of year, our cash flow remains strong, and we remain on course to increase cash distributions above the minimum quarterly distribution amount later this year," said James E. Spencer, president and chief executive officer of Enron Liquids Pipeline Company, the general partner of Enron Liquids Pipeline, L.P.
 Enron Liquids Pipeline, L.P. operates two interstate common carrier natural gas liquids (NGL) pipeline systems and one carbon dioxide (CO2) pipeline system. The Partnership also owns an indirect interest in an NGL fractionator. The North System transports, stores and delivers a full range of NGLs and refined products from south central Kansas to markets in the Midwest and has interconnects, using third-party pipelines, to the eastern United States. The Cypress Pipeline transports ethane from Mont Belvieu, Texas, to the Lake Charles, Louisiana, area. The Central Basin Pipeline transports CO2 in West Texas. Enron Liquids Pipeline, L.P. trades on the New York Stock Exchange under the symbol, "ENP."
 -0- 7/22/93
 /CONTACT: A. H. Davis of Enron Liquids Pipeline, L.P., 713-853-6941/
 (ENP)


CO: Enron Liquids Pipeline, L.P. ST: Texas IN: OIL SU: ERN

WB -- NY066 -- 4599 07/22/93 13:30 EDT
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Publication:PR Newswire
Date:Jul 22, 1993
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