Calgary-based AltaGas Services Inc. reported record first quarter net income on Wednesday of C$10 million or C$0.22 per basic and diluted share, compared to C$7.4 million or C$0.19 per basic and diluted share for the first quarter of 2002, representing a 35% increase in net income and a 16% increase in earnings per share.
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Cheniere Posts Profit on Sale of Freeport LNG Stakes
LNG receiving terminal developer, Cheniere Energy Inc., announced Monday that it posted first quarter 2003 net income of $3,121,309, or $0.23 per share, compared with a net loss of $2,530,967, or $0.19 per share, a year earlier.
May 13, 2003
Canadian Natural Posts Record Earnings on Strong Drilling
After reaching a record pace for drilling and a high success rate, Canadian Natural Resources posted record net earnings of C$428 million (C$3.19 per common share) for the first quarter 2003, compared with C$99 million (C$0.81 per common share) for the first quarter of 2002 and C$209 million (C$1.56 per common share) in the previous quarter.
May 12, 2003
Black Hills Posts Profit on High Commodity Prices
Despite rising profits due to higher oil and natural gas prices, Rapid City, SD-based Black Hills Corp. announced that net earnings for the quarter remained near flat due to an accounting charge. The company posted $14.1 million, or 52 cents per share for the quarter, compared with earnings of $14 million, or 52 cents per share for the same quarter last year.
May 12, 2003
Forest Oil Posts Strong Earnings on Higher Volumes, Prices
Forest Oil Corp. reported first quarter 2003 net earnings of $38.9 million or 81 cents per basic share compared to a net loss of $1.8 million or 4 cents per share in the first quarter of 2002. The company noted that the higher earnings for the quarter were primarily the result of higher sales volumes, higher average oil and natural gas sales prices and lower oil and gas production expense.
May 12, 2003
El Paso Energy Partners Posts 121% Increase in 1Q Net Income
El Paso Energy Partners LP (EPN), which plans to change its name to GulfTerra Energy Partners LP. on May 15, reported first quarter 2003 net income of $42.2 million ($0.43 per unit), a 121% increase over first quarter 2002 net income of $19.1 million ($0.17 per unit).
May 12, 2003
Reliant Posts Heavy Losses from Trading, Discontinued Operations
Reliant Resources Inc. on Thursday reported even deeper losses in this year’s first quarter net income than in last year’s due to the poor performance of its wholesale energy trading business and the financial effect of the planned sale of its European energy operations.
May 9, 2003
Canadian Natural Posts Record Earnings on Strong Drilling
Tethered to a strong quarter of drilling, Canadian Natural Resources Limited posted record net earnings of C$428 million (C$3.19 per common share) for the first quarter 2003, compared with C$99 million (C$0.81 per common share) for the first quarter of 2002 and C$209 million (C$1.56 per common share) in the previous quarter.
May 8, 2003
El Paso Energy Partners Posts 121% Increase in 1Q Net Income
El Paso Energy Partners LP (EPN), which plans to change its name to GulfTerra Energy Partners LP. on May 15, reported first quarter 2003 net income of $42.2 million ($0.43 per unit), a 121% increase over first quarter 2002 net income of $19.1 million ($0.17 per unit).
May 7, 2003
Black Hills Posts Profit on High Commodity Prices
Despite rising profits due to higher oil and natural gas prices, Rapid City, SD-based Black Hills Corp. announced that net earnings for the quarter remained near flat due to an accounting charge. The company posted $14.1 million, or 52 cents per share for the qaurter, compared with earnings of $14 million, or 52 cents per share for the same quarter last year.
May 7, 2003
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