Posts

Riding the contributions from its numerous acquisitions during the year, Houston-based Enbridge Energy Partners LP. reported net income for the fourth quarter of $32.3 million, or $0.54 per unit, compared with $26 million, or $0.52 per unit, for the fourth quarter of the prior year. The company also posted year-end net income of $111.7 million, or $1.93 per unit, compared to $78.1 million, or $1.76 per unit, for 2002.

Riding the contributions from its numerous acquisitions during the year, Houston-based Enbridge Energy Partners LP. reported net income for the fourth quarter of $32.3 million, or $0.54 per unit, compared with $26 million, or $0.52 per unit, for the fourth quarter of the prior year. The company also posted year-end net income of $111.7 million, or $1.93 per unit, compared to $78.1 million, or $1.76 per unit, for 2002.

Western Gas Resources Inc. reported a 65% increase in earnings per diluted share Tuesday to 56 cents/share, a 7.2% increase in gas production to an average of 149 MMcf/d, higher gas gathering throughput and much higher realized gas prices.

Western Gas Resources Inc. reported a 65% increase in earnings per diluted share Tuesday to 56 cents/share, a 7.2% increase in gas production to an average of 149 MMcf/d, higher gas gathering throughput and much higher realized gas prices.

TransCanada’s return to mainly core regulated pipeline operations, which was started well before the industry trend began in earnest over the last two years, clearly has paid off in terms of stable financial growth.

Days after the company announced it would officially exit the wholesale energy marketing and trading business by the end of the third quarter, Kansas City-based Aquila Inc. reported a loss of $5.69 per share for the second quarter, compared to earnings per share of $1.21 in the second quarter of 2001.

Anadarko Petroleum CEO Robert J. Allison Jr. said Friday that he expects the company to report record earnings this year after a major cost-cutting program, better-than-expected performance from exploration and production operations and higher realized commodity prices. The company also is raising its dividend 40% to 14 cents/share. APC shares were up about 1% Friday to $43.25.

Riding the wave of strong growth in operating income from the company’s diversified energy businesses, a return to more normal weather in its gas distribution business and lower interest expense, Chicago-based Peoples Energy on Friday announced sharply higher fiscal year 2003 results compared to fiscal 2002.

TransCanada’s return to mainly core regulated pipeline operations, which was started well before the industry trend began in earnest over the last two years, clearly has paid off in terms of stable financial growth.