OTCPK:ICPVF - Post by User
Post by
parachuteon Feb 18, 2016 5:14pm
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Post# 24572579
Outstanding results
Outstanding results 2015 Highlights
- Generated record funds from operations* of $774 million, a 37 percent increase over 2014 results
- Net income increased 33 percent to a record $463 million for the year
- Declared cash dividends of $497 million, or $1.49 per share
- Attractive annual payout ratio* of 68 percent
- Announced a six percent increase to monthly cash dividends, the 13th consecutive increase for Inter Pipeline shareholders
- Annual throughput volumes on Inter Pipeline's oil sands and conventional oil pipeline systems averaged a record 1,257,800 barrels per day (b/d)
- Commissioned $1.6 billion of new pipeline and facilities on the Cold Lake and Polaris pipeline systems
- Completed a $112 million expansion of the Mid-Saskatchewan conventional oil pipeline system
- Acquired four petroleum and petrochemical storage terminals in Sweden for $131 million, increasing European storage capacity by approximately 40 percent
- Bulk liquid storage capacity utilization averaged 94 percent for the year, up from an average of 79 percent in 2014
Read more at https://www.stockhouse.com/news/press-releases/2016/02/18/inter-pipeline-reports-record-financial-results-for-2015#XJ1pFwrBfV4TEevc.99