214M

Oil and natural gas prices weren’t quite high enough to help El Paso Corp. overcome a significant production cut earlier this year, and the Houston-based company reported a significant third quarter loss last week. The company posted a loss of $214 million (minus 33 cents/share), compared with a profit of $24 million (4 cents) for the same period of 2003. Reported revenue for 3Q2004 was $1.43 billion, compared with $1.71 billion a year ago.