Santa Fe Pacific Pipeline Partners: The Orange...

Santa Fe Pacific Pipeline Partners: The Orange operator of a pipeline for refined petroleum products posted third-quarter net income of $11.6 million, or 58 cents a unit, which included a litigation provision of $8 million. That compares with net income of $17.7 million, or 89 cents a unit, for the like period last year. Revenue was up 2% to $62.3 million from $60.8 million.

For the first three quarters of 1996, net income was $46.9 million, or $2.37 a unit, compared with $44.6 million, or $2.25 a unit, which included a $9-million charge for environmental litigation recorded in the second quarter. Revenue rose 2% to $179.7 million from $175.5 million.