Enterprise GP Holdings Reports Third Quarter Earnings of $.27 per Unit

Enterprise GP Holdings L.P. EPE today announced its consolidated and parent-only financial results for the three and nine months ended September 30, 2010. Enterprise GP Holdings L.P., the Parent Company, reported distributable cash flow of $78.1 million for the third quarter of 2010, compared to distributable cash flow of $78.4 million reported for the third quarter of 2009. Distributable cash flow for the third quarter of 2010 was reduced by $8.2 million for costs related to Enterprise GP Holdings' pending merger with a subsidiary of Enterprise Products Partners L.P. and $2.2 million of charges related to the liquidation of employee partnerships. Consolidated net income attributable to Enterprise GP Holdings increased to $37.0 million, or $0.27 per unit on a fully diluted basis, for the third quarter of 2010 from $25.3 million, or $0.18 per unit on a fully diluted basis, for the third quarter of 2009.
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