KANEB ENERGY PARTNERS LTD &lt;KEP> 4TH QTR LOSS
  Shr loss one cent
      Net loss 186,000
      Revs 10.7 mln
      11 mths
      Shr loss 7.26 dlrs
      Net loss 121.4 mln
      Revs 46.9 mln
      NOTE: In February 1986, Kaneb Services Inc contributed all
  of its domestic oil and gas operations to Kaneb Partners, which
  was newly formed, and exchanged approximately 3,200,000
  depositary units respresenting limited partnership interests in
  KEP for approximately 6,400,000 million shares of the
  outstanding common stock of Kaneb Servies Inc. Kaneb now owns
  approximately 82 pct of KEP.
      During the 11 mths of operation, the partnership wrote down
  the carrying value of its oil and gas properties by 124.8 mln
  dlrs. The write downs reduced income by 7.46 dlrs per limited
  partnership unit.
  

