logo
Share SHARE
FONT-SIZE Plus   Neg

El Paso Q4 Net Profit Soars, Adj. EPS Up 40% - Quick Facts

El Paso Corp. (EP) reported a surge in its fourth-quarter 2011 net income attributable to EPC common stockholders to $185 million, or $0.24 per share from $62 million, or $0.09 per share a year earlier.

Adjusting for impacts of E&P financial derivatives and other items, quarterly adjusted earnings per share were $0.28, a 40 percent increase from $0.20 in the prior-year quarter. On average, 11 analysts polled by Thomson Reuters expected earnings per share of $0.29 for the quarter. Analysts' estimates typically exclude one-time items.

E&P production volumes for the latest quarter went up 11 percent from last year, averaging 880 million cubic feet equivalent per day or MMcfe/d, including 59 MMcfe/d of Four Star unconsolidated affiliate volumes.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items. In an unusual incident, an Airbus operated by Singapore Airlines temporarily lost power on both its Rolls Royce engines during a flight and plunged almost 13,000 feet or 3.96 kilometers. However, pilots managed to save the Airbus through standard operational procedures and it continued on its routine path. Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet.
comments powered by Disqus
Follow RTT