The continued successful implementation of its aggressive growthstrategy was reflected in the annual and quarterly financialresults of San Jose, CA-based Calpine Corp., which Tuesdayannounced triple-digit percentage increases in revenues, net incomeand earnings-per-share. Net income, before an extraordinary charge,was $324.7 million in 2000, compared to $96.2 million in 1999, a238% increase; revenues were $2.3 billion, compared to $847.7million in 1999, a 171% increase; and earnings-per-share were$1.11, compared to 43 cents/share in 1999, a 158% increase.
Reports
Articles from Reports
Altra Reports Revenues, Trades Up in 2000
Bucking the tech trend, five-year-old electronic trader AltraEnergy Technologies Inc., coming off a year of trading and revenueincreases, expects to make it into the black in this first quarterof 2001.
February 5, 2001
Altra Reports Revenues, Trades Up in 2000
Bucking the tech trend, five-year-old electronic trader AltraEnergy Technologies Inc., coming off a year of trading and revenueincreases, expects to make it into the black in this first quarterof 2001.
January 31, 2001
Barrett’s Proved Reserves Up 21%
Denver-based Barrett Resources Corp. reports that its provedreserves are up 21% to 1,372 Bcfe as of Dec. 31, 2000. The totalincludes 1,323 Bcf of natural gas and 8.1 MM bbl of crude oil andcondensate, of which 42% is undeveloped. Gas reserves represent 96%of total proved reserves, which were 1,076 Bcf and 9.7 MM BBls atthe end of 2000.
January 29, 2001
Sempra Reports Earnings; Seeks Rate Hike
A day after it filed for a 35% rate increase, noting growinguncollected power costs, (see Daily GPI, Jan. 25) Sempra Energy reported a 20%increase in earnings in 2000 over 1999. Earnings for the parent of SanDiego Gas & Electric and Southern California Gas totaled $429million, or $2.06/diluted share, compared to $394 million or $1.66 perdiluted share for 1999. Revenues for 2000 increased 30% hitting $7billion.
January 26, 2001
Gas Company Results ‘Do Not Disappoint’
With the first week of financial reports for the natural gasindustry in hand, analysts are expecting overall results to be verygood, driven by an extremely cold start to the winter, robustdemand growth, low storage levels and tight supply.
January 25, 2001
PanCanadian Reports Best Year Ever
PanCanadian Petroleum Ltd. announced “its most successful yearever” in 2000, with net income of $1.039 billion, or $4.09 pershare, and cash flow of $2.47 billion, or $9.78 per share. Thenumbers are substantially above 1999 net income of $350 million andcash flow of $1.11 billion (all Canadian dollars).
January 22, 2001
Chevron’s Viosca Knoll Production Triples
A rich pocket of natural gas in the shallow waters off the coast of Mississippi is paying off handsomely for Chevron U.S.A. Production Co., which reports that production has more than tripled this year in its Viosca Knoll Carbonate Trend to 230 MMcf/d, up from 60 MMcf/d in 1999.
December 25, 2000
Weather Reports Spur Futures to Record Gains
Boosted by what may be the most bullish weather forecast to hitthe industry in years, natural gas futures spiked dramatically inmultiple buying surges Sunday night and Monday morning as traderspressed the envelope of their long exposures.
December 5, 2000
Rep. Archer Mentioned as DOE Secretary Candidate
Retiring Rep. Bill Archer (R-TX) was coy yesterday when asked torespond to reports that he is being considered for Energy Secretaryshould Texas Gov. George W. Bush ultimately be declared the nextpresident.
November 14, 2000
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