Estimates

Driven in large part by an expected 37% increase in Aquila Energy earnings in the third quarter, UtiliCorp United said it expects to beat analysts’ expectations of 52 cents/share with earnings per share of $0.56-0.58 and net income of $66-69 million. That compared with net income last year during the same quarter of $0.80 per share or $74.9 million, which included a special $29 million gain ($0.30/share) from the initial public offering of Uecomm, Ltd. in Australia.

Driven in large part by an expected 37% increase in Aquila Energy earnings in the third quarter, UtiliCorp United said it expects to beat analysts’ expectations of 52 cents/share with earnings per share of $0.56-0.58 and net income of $66-69 million. That compared with net income last year during the same quarter of $0.80 per share or $74.9 million, which included a special $29 million gain ($0.30/share) from the initial public offering of Uecomm, Ltd. in Australia.

In a Securities and Exchange Commission (SEC) filing last Wednesday, Houston-based EOG Resources Inc. said it is adjusting its production and drilling activity downward through the rest of the year and now does not expect to meet its earlier production forecast because of falling natural gas prices.

In a Securities and Exchange Commission (SEC) filing on Wednesday, Houston-based EOG Resources Inc. said it is adjusting its production and drilling activity downward through the rest of the year and now does not expect to meet its earlier production forecast because of falling natural gas prices.

Kinder Morgan Inc. (KMI) said last week that it expects to “meet or beat” the consensus 2001 estimate for recurring earnings per share (EPS) of $1.88, representing a near 47% increase over the $1.28 per share the company posted in 2000. The company said it also believes it will meet or beat the third quarter earnings per share of $0.45.

Kinder Morgan Inc. (KMI) said on Monday that it expects to “meet or beat” the consensus 2001 estimate for recurring earnings per share (EPS) of $1.88, representing a near 47% increase over the $1.28 per share the company posted in 2000. The company said it also believes it will meet or beat the third quarter earnings per share of $0.45.

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.

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.

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.