Performances

Futures Fall on Petroleum Weakness, Lack of Prolonged Cold

Impacted by the lack of lasting cold in many regions of the country as well as bearish performances by the petroleum markets, January natural gas futures following the Christmas weekend plummeted lower towards the psychological $6.00 mark.

December 28, 2004

El Paso Earnings Up 73%

Record second quarter earnings at Houston’s El Paso Energy Corp. came from “outstanding growth” in its merchant energy operations, and strong performances in the company’s other non-regulated segments, according to CEO William A. Wise.

July 17, 2000

Duke Sets Earnings Record in 1999

Fueled by rapid growth in its unregulated energy businesses andstrong performances by electric and gas transmission operations,Duke Energy reported record earnings for 1999. Before interest andtaxes (EBIT), Duke posted a gain of $2.8 billion before a $660million after-tax gain on the sale of the Midwest Pipelines and aone-time charge of $800 million at Duke Power. EBIT for 1998 was$2.6 billion. Duke Energy set another record for revenues in 1999,reaching $21.7 billion. Fourth quarter revenues increased 48%.

January 24, 2000

Pipeline Earnings in the Plus Column

Major pipeline-only companies for the most part turned in”better-than-expected” performances during the first quarter of theyear, while integrated pipelines took some big hits – particularlyin the oilpatch, gas analysts said. Fortunately for someintegrateds, the bigger profits from their unregulated activitieshelped to offset the losses.

May 10, 1999

Pipe Unregulated Gains Offset E&P, LDC Losses

Major pipeline-only companies for the most part turned in”better-than-expected” performances during the first quarter of theyear, while integrated pipelines took some big hits – particularlyin the oilpatch, gas analysts said. Fortunately for someintegrateds, the bigger profits from their unregulated activitieshelped to offset the losses.

May 10, 1999
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