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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.