Consolidated Edison (Con Edison) reported a 58% drop in net income in the fourth quarter of 2003 to $50 million (21 cents/share) mainly because of one-time charges related to its unregulated telecommunications and generation businesses. It reported an 18% drop in net income for the year, but the utility company said earnings from continuing operations rose 22% to $146 million (65 cents/share) in the fourth quarter and slipped only 7% to $624 million ($2.83/share) for the year.
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Articles from Slides
December Slides 12.5 Cents to New Low on Warm Weather
December gas futures gapped five cents lower at the open on Monday, tried and failed to close that gap, and then ended the day down 12.5 cents to $3.778, just above its daily low of $3.770. Warm weather, high storage levels and forecasts for an El Nino winter appear to be putting downward pressure on the market right now. Some observers already are eyeballing eventual targets near $3.05.
November 12, 2002
Most of West Slides, But East Points Hold Ground
The week’s market activity came to a quiet close Friday with prices at most eastern points and Permian/Waha hovering on either side of flat, but with a slight bias to the upside. Western markets were generally softer, with California once again way out in front, leading a downhill charge.
May 7, 2001
Aftermarket Starts With Dime Slides Below Indexes
Any traders who decided that since April proved to be a goodmonth for long supply positions, they should continue the strategyfor May may be regretting that decision now. Though there is stillample time for price recovery-and at least one major aggregatorremains very bullish about the May swing market-the earlyaftermarket was headed south to the tune of about a dime or morebelow indexes in weekend deals done Friday.
May 3, 1999
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