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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT



     Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934


        Date of Report (Date of earliest event reported): March 10, 2005

                         KANEB PIPE LINE PARTNERS, L.P.

               (Exact name of registrant as specified in charter)


       Delaware                        001-10311                  75-2287571
(State of Incorporation)          (Commission File No.)       (I.R.S. Employer
                                                             Identification No.)



                          2435 North Central Expressway
                             Richardson, Texas 75080
               (Address of Principal Executive Offices) (Zip Code)


       Registrant's telephone number, including area code: (972) 699-4062


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Item 7. Financial Statements and Exhibits.

     Exhibit.

     99.1 Press Release dated March 10, 2005,  reporting  financial  results for
          the three months and year ended December 31, 2004.


Item 12. Results of Operations and Financial Condition and Exhibit

     A press release issued by Kaneb Pipe Line Partners, L.P. (the "Registrant")
and Kaneb  Services LLC on March 10, 2005  regarding  financial  results for the
three  months and year ended  December  31, 2004 is  attached  hereto as Exhibit
99.1,  and excluding the final  paragraph  thereof,  is  incorporated  herein by
reference.  This  information  is not deemed to be "filed"  for the  purposes of
Section 18 of the  Securities  Exchange Act of 1934 and is not  incorporated  by
reference into any Securities Act registration statements.

     The earnings  release of the Registrant  includes  disclosure of EBITDA and
reconciles  EBITDA to income  before  cumulative  effect of change in accounting
principle. EBITDA is used as a supplemental financial measure to assess: (a) the
ability of assets to generate  cash  sufficient  to pay interest  costs and make
cash distributions to unitholders,  (b) the financial  performance of assets and
(c) the  appropriateness  of the purchase  price of assets being  considered for
acquisition.  As such, this supplemental  financial measure provides a basis for
investors  and  management  to assess and measure  performance  over time and in
relation  to  entities  who  own  similar  assets.  Moreover,  the  Registrant's
revolving  credit agreement  requires it to use EBITDA in calculating  financial
ratios.  Although EBITDA is used as a supplemental  financial  measure to assess
the  Registrant's  ability to generate cash sufficient to pay interest costs and
make cash  distributions  to  unitholders  as noted  above,  the  amount of cash
available  for such  payments  is also  subject to the  Registrant's  ability to
reserve cash for other uses, such as debt repayments,  capital  expenditures and
operating activities.

                                   SIGNATURES


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                       KANEB PIPE LINE PARTNERS, L.P.

                                       By: Kaneb Pipe Line Company LLC,
                                           as General Partner



Dated March 10, 2005                         //s// HOWARD C. WADSWORTH
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                                      Howard C. Wadsworth
                                      Vice President, Treasurer and Secretary