El Paso Pipeline still sees 2013 cash distribution of $2.55 per unit

theflyonthewall.com

As previously announced, El Paso Pipeline expects to declare cash distribution of $2.55 per unit for 2013, a 13% increase over the $2.25 per unit it will distribute for 2012. EPB’s budget includes the expected purchase of 50% of Gulf LNG from KMI during 2013. In 2013, EPB expects to generate earnings before DD&A of $1.22B, an increase of over $40M compared to 2012. Additionally, EPB expects to produce excess cash flow of approximately $25M above the 2013 distribution target of $2.55.

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