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TEPPCO PARTNERS REPORTS RESULTS OF OPERATIONS

 TEPPCO PARTNERS REPORTS RESULTS OF OPERATIONS
 HOUSTON, April 16 /PRNewswire/ -- TEPPCO Partners, L.P. (NYSE: TPP)


today reported first quarter 1992 net income of $7.1 million, or $0.49 per unit, compared with net income of $6.4 million, or $0.44 per unit, for the same period in 1991.
 Operating revenues of $41.2 million for the first quarter of 1992 were slightly higher than the $41.0 million reported for the 1991 period. Liquefied petroleum gases (LPGs) transportation revenues increased due to colder weather in the Northeast producing improved long-haul propane deliveries and higher demand for butane used in gasoline blending operations. Refined products transportation revenues decreased primarily due to unfavorable price differentials and high refinery utilization in the Midwest, as well as lower recession-related product demand.
 Operating expenses of $19.7 million for the first quarter decreased $1.7 million, or 8 percent, compared with $21.4 million for the prior- year period. The operating expense reduction is attributable primarily to the completion of projects that required third-party services and reduced product losses.
 Operating income was $15.7 million, compared with $14.5 million for the first quarter of 1991.
 General rate increases averaging 4 percent for both refined products and LPGs went into effect on April 1, 1992, without suspension.
 TEPPCO Partners, L.P., whose general partner is a wholly owned subsidiary of Panhandle Eastern Corporation, is a publicly owned master limited partnership. TE Products Pipeline Company, Limited Partnership, the operating partnership, is one of the largest common carrier pipelines of refined petroleum products and LPGs in the United States.
 TEPPCO PARTNERS, L.P.
 Financial Highlights
 (Unaudited - in millions, except per-unit amounts)
 Three Months Ended March 31; 1992 1991
 Operating Revenues $ 41.2 $ 41.0
 Operating Expenses 19.7 21.4
 Depreciation 5.8 5.1
 Operating Income 15.7 14.5
 Interest Expense (9.3) (9.3)
 Other Income-Net 0.7 1.2
 Net Income $ 7.1 $ 6.4
 Net Income Per Unit $ 0.49 $ 0.44
 Number of Units 14.5 14.5
 TEPPCO PARTNERS, L.P.
 Operating Data
 Barrels Delivered (in millions)
 Refined Products 20.3 21.2
 LPGs 10.5 10.9
 Mont Belvieu Operations 5.8 4.7
 TOTAL 36.6 36.8
 Average Tariff Per Barrel
 Refined Products $ 0.75 $ 0.77
 LPGs 1.82 1.62
 Mont Belvieu Operations 0.18 0.14
 Average System Tariff Per Barrel 0.97 0.94
 -0- 4/16/92
 /CONTACT: William G. Nikolis, 713-759-3861, or Eric W. Thode, 713-759-3635, both of TEPPCO media relations, or Brenda J. Peters of TEPPCO investor relations, 713-759-3954/
 (TPP) CO: TEPPCO Partners L.P. ST: Texas IN: OIL SU: ERN


TQ -- NY096 -- 9429 04/16/92 15:33 EDT
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Date:Apr 16, 1992
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