Dominion earnings beat consensus Wall Street estimates by about 2 cents/share coming in at $180 million (72 cents/share), compared to $139 million (59 cents/share) for the same period in 2000. The improved performance was mainly attributed to higher gas and oil prices and the addition of the Millstone nuclear power station. Other highlights included the addition of more than 2,600 MW of new generation during the quarter, 47,000 new energy delivery customers, a 130 Bcf increase in proven gas and oil reserves to 2.95 Tcfe–resulting in a 266% reserve replacement ratio, and the divestiture of Saxon Mortgage.
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OXY Reaps California Gas Profits
Occidental Petroleum earnings of $466 million ($1.25 per share) beat Wall Street estimates by more than 20 cents/share. The company posted a 34% gain in net income before special items from the same period a year ago mainly on higher western gas prices and improved chemicals operations.
July 20, 2001
El Paso to Beat 2Q Consensus
El Paso Corp. reported that it expects its second quarter earnings to come in between $0.77 and $0.79 per diluted share, net of non-recurring merger and other charges. The company’s estimate compares to the current First Call consensus earnings of $0.76 per share and second quarter 2000 earnings of $0.58 per diluted share.
July 16, 2001
El Paso to Beat 2Q Consensus
El Paso Corp. reported that it expects to report second quarter earnings of between $0.77 and $0.79 per diluted share, net of non-recurring merger and other charges. The company’s estimate compares to the current First Call consensus earnings of $0.76 per share and second quarter 2000 earnings of $0.58 per diluted share.
July 10, 2001
Entergy to Beat 2Q Consensus by 5%, Divests UK Plant
Despite decreased earnings from its wholesale operations and the impact of normal weather, Entergy Corp. indicated last Thursday that it is confident its second quarter 2001 earnings will be at least 5% higher than the current published First Call earnings consensus of $0.91 per share. The company attributed the strong results to “excellent performance” in its competitive businesses.
July 9, 2001
Entergy to Beat 2Q Consensus by 5%, Divests UK Plant
Despite decreased earnings from its wholesale operations and the impact of normal weather, Entergy Corp. indicated on Thursday that it is confident its second quarter 2001 earnings will be at least 5% higher than the current published First Call earnings consensus of $0.91 per share. The company attributed the strong results to “excellent performance” in its competitive businesses.
July 6, 2001
TransCanada Drops Tax Change; Awaits Regulatory Report
An attempt to score a quick tax-cut coup has been quietly abandoned by TransCanada PipeLines Ltd., which beat a retreat from a public airing of its political agenda in a potentially lengthy regulatory case. The company said it would hold off action on the case pending the report of a federal-provincial task force which is considering changes in the overall pipeline regulatory regime.
June 4, 2001
TransCanada Drops Tax Change; Awaits Regulatory Report
An attempt to score a quick tax-cut coup has been quietly abandoned by TransCanada PipeLines Ltd., which beat a retreat from a public airing of its political agenda in a potentially lengthy regulatory case. The company said it would hold off action on the case pending the report of a federal-provincial task force which is considering changes in the overall pipeline regulatory regime.
June 4, 2001
El Paso, Coastal Earnings Beat the Street
El Paso Energy Corp. saw its fourth quarter profit lifted 55%last week, driven by strong growth in unregulated businesses, whilemerger partner Coastal also outperformed expectations, with fourthquarter earnings up 21%.
February 5, 2001
El Paso, Coastal Earnings Beat the Street
El Paso Energy Corp. saw its fourth quarter profit lifted 55%,driven by strong growth in unregulated businesses, while mergerpartner Coastal also outperformed expectations, with fourth quarterearnings up 21%.
January 30, 2001
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