El Paso Corp. (EP) said that it expects fiscal 2010 net income attributable to common stockholders to be in the range of $0.4 billion - $0.5 billion or $0.53 - $0.73 per share. Adjusted net income attributable to common stockholders is expected to be in the range of $0.6 billion - $0.7 billion or $0.75 - $0.95 per share. Analysts polled by Thomson Reuters expect the company to report earnings of $0.88 per share for fiscal 2010. Analysts' estimates typically exclude special items.
El Paso's Pipeline Group is targeting 2010 adjusted EBITDA of approximately $2.0 billion to $2.1 billion, with a $2.9 billion capital budget. El Paso Exploration & Production expects to spend approximately $1.1 billion in 2010, with $0.9 billion allocated to domestic programs.
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