Williams credited strong results in all of its core gas businesses and the absence of a $248.7 million litigation charge in 2Q2006 for substantially improved second quarter results. Net income was $433.1 million (71 cents/share) compared with a net loss of $76 million (-13 cents/share) in 2Q2006.
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All Units Contribute to El Paso’s Record Earnings
El Paso Energy earnings hit a new record for 1998, and each ofthe company’s operating segments was credited for the success. ElPaso diluted earnings per share rose 16% to a record $1.85 in 1998from $1.59 in 1997. Consolidated earnings before interest expenseand income taxes (EBIT) for 1998 increased to a record $644 millioncompared to $578 million in the year ago period.
January 22, 1999
Duke’s Diversity Yields Better Earnings
Duke Energy credited a diverse portfolio for insulating it fromthe energy industry’s downturn. The company reported 1998 thirdquarter basic earnings of $1.18/share, up 42% from 83 cents/sharefor the same quarter in 1997. Duke posted earnings of $423.8million for the third quarter, compared to $298.4 million for thesame quarter in 1997. Overall earnings before interest and taxes(EBIT) for the third quarter of 1998 was $870.9 million versus$632.2 million for the third quarter of 1997.
October 26, 1998
Aftermarket Strength Credited to Screen Run-Up
The April aftermarket got off to a running start with swingdeals being done Tuesday often 2-3 cents above bidweek averages,with a few points even stronger than that. Sources were virtuallyunanimous in attributing the cash strength to a further run-up onthe futures screen. In fact, traders were buzzing all day about thedizzying heights being hit by the May contract, often withquestions like, “What the heck is driving this thing?”
April 1, 1998
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