Australia’s BHP Billiton Ltd. is taking a US$2.84 billion pre-tax charge against the value of dry gas assets in the Fayetteville Shale that it acquired just last year due to weak natural gas prices and oversupply.
Pretax
Articles from Pretax
Duke Plans to Sell DENA Assets Outside Midwest, Take 3Q $1.3B Non-Cash Charge
Duke Energy said Tuesday that it will take a $1.3 billion non-cash, pretax charge ($0.88 per basic share) in the third quarter because of a decision to sell off all of Duke Energy North America’s (DENA) physical and commercial assets outside the midwestern United States. The proposed sale includes about 6,200 MW of power generation as well as DENA’s trading book.
September 14, 2005
ICE Pre-Tax Profit Plummets 62% in 2003
Atlanta-based IntercontinentalExchange (ICE) saw its pretax profit plummet 62% to $19.9 million, its cash flow drop 47% to $27.1 million and its revenues tumble 25% to $93.7 million last year as the energy trading business struggled through a credit crisis and trading dropped sharply on its over-the-counter (OTC) electronic marketplace.
March 8, 2004
ICE Pre-Tax Profit Plummets 62% in 2003
Atlanta-based IntercontinentalExchange (ICE) saw its pretax profit plummet 62% to $19.9 million, its cash flow drop 47% to $27.1 million and its revenues tumble 25% to $93.7 million last year as the energy trading business struggled through a credit crisis and trading dropped sharply on its over-the-counter (OTC) electronic marketplace.
March 5, 2004
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