| Business Summary | | Kaneb
Pipe
Line
Partners,
L.P.
is
engaged
in
the
refined
petroleum
products
pipeline
business
and
the
terminaling
of
petroleum
products
and
specialty
liquids.
The
Company
's
pipeline
operations
are
conducted
through
KPOP,
of
which
the
Company
is
the
sole
limited
partner
and
KPL
is
the
sole
general
partner.
The
pipeline
business
consists
primarily
of
the
transportation
of
refined
petroleum
products
as
a
common
carrier
in
Kansas,
Nebraska,
Iowa,
South
Dakota,
North
Dakota,
Colorado
and
Wyoming.
The
terminaling
business
of
the
Company
is
conducted
through
Support
Terminals
Operating
Company,
L.P.,
and
its
affiliated
companies
and
corporate
entities
that
operate
under
the
trade
names
ST
Services
and
StanTrans,
among
others. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | KPP,
a
master
limited
partnership,
owns
and
operates
a
refined
petroleum
products
pipeline
business
and
a
petroleum
products
and
specialty
liquids
storage
and
terminaling
business.
For
the
six
months
ended
6/30/01,
revenues
rose
34%
to
$101
million.
Net
income
applicable
to
Limited
Partners
before
extraordinary
item
rose
64%
to
$33.9
million.
Revenues
reflect
an
increase
in
barrel
miles
shipped
and
terminaling
charges.
Earnings
reflect
a
decrease
in
personnel-related
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Edward Doherty, 65 Chairman,
CEO | $241K | Leon Hutchens, 66 Pres | 211K | Jimmy Harrison, 47 Exec.
VP, Controller | 131K | Ronald Scoggins, 46 Sr.
VP | 171K | Howard Wadsworth, 56 VP,
Treasurer, Sec. | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|