TEPPCO Partners (TPP) reported a net income of $0.09 per limited partner unit for the second quarter of 2009, way below the Zacks Consensus Estimate of $0.37.

Net income was largely impacted by a consolidated charge of $44.3 million, or $0.35 per limited partner unit, comprising of non-cash charges of $34.2 million connected with exit from Texas Offshore Port System (TOPS) partnership, announced earlier this April, $6.8 million of expenses associated to the definitive merger agreement with Enterprise Products Partners (EPD), declared last month, and $3.3 million of non-cash charges related to idling of a river terminal at Helena, Arkansas and to write-off obsolete and damaged storage tanks. TEPPCO posted a net income of $0.42 per limited partner unit in the same quarter a year ago.

Revenues declined 54.2% to $1.9 billion, primarily being hit by the Upstream (down 56.5%) and the Marine Services (down 9.1%) segments. Revenues were up

Pure Biofuels Corp., a company dedicated to becoming a leader in Latin America’s burgeoning biofuels industry, announced today that it has finished the construction of an underwater pipe that will become part of Peru’s largest integrated bulk liquid terminal operation.

In addition to transporting and storing raw materials, and blending and exporting finished product from its own biodiesel facilities, the company anticipates making its tank farm available to third parties, which will allow Pure Biofuels to diversify its revenue stream with a high-margin revenue source,. Other plans include marketing its spare storage space to third parties such as refiners, distributors, marketers and industrial/commercial end-users of petroleum chemical products.

Pure Biofuels’ Chairman Chris Tewell stated, “Pure Biofuels now owns and will soon operate Peru’s largest integrated terminaling operation. Our tank farms greatly complement our primary production facility, which includes a biodiesel production plant and a blending facility. We plan to commence our terminaling