El Paso Corporation reported operating revenues of $1.531 billion and net income of $356 million for the first quarter of 2006. The company has six business segments: pipeline, exploration and production, marketing and trading, power, field services, and corporate. The pipeline segment transported natural gas and generated earnings before interest and taxes of $5 million. Exploration and production extracted oil and gas, earning $277 million before interest and taxes. Marketing and trading engaged in energy commodity marketing and trading, earning $9 million before interest and taxes.
The document provides operating statistics for El Paso Corporation for the second quarter of 2006. It shows that consolidated net income was $150 million for the quarter. It also provides key financial data broken down by each of El Paso's business segments, including Pipelines, Exploration and Production, Marketing and Trading, Power and Field Services. For the Pipelines segment, earnings before interest and taxes was $335 million for the quarter, with total pipeline throughput of 18.154 billion cubic feet per day.
The document provides operating statistics for El Paso Corporation for the third quarter of 2006. It shows that consolidated net income was $135 million for the quarter. It also provides key financial data segmented by each of El Paso's business units, including pipelines, exploration and production, marketing and trading, power, and field services. The pipelines segment reported earnings before interest and taxes of $305 million for the quarter and throughput volumes on its major pipelines.
The document provides operating statistics for El Paso Corporation for the second quarter of 2007. It shows that net income was $166 million, down from $150 million in the second quarter of 2006. The Pipelines segment saw earnings before interest and taxes of $318 million, down from $286 million in the prior year. Total throughput across El Paso's pipeline systems was 15,484 billion cubic feet per day, down slightly from the prior year.
- El Paso Corporation reported operating revenues of $1.598 billion and net income of $445 million for the third quarter of 2008.
- The Pipelines segment earned $278 million in earnings before interest and taxes, with throughput volumes averaging 4.605 trillion British thermal units per day on the Tennessee Gas Pipeline and 4.649 trillion British thermal units per day on the El Paso Natural Gas Pipeline.
- The Exploration and Production segment earned $528 million in operating income on average daily production volumes of 881 million cubic feet equivalent per day.
The document provides operating statistics for El Paso Corporation for the third quarter of 2007. It includes consolidated statements of income, operating results, and business segment results for the Pipelines, Exploration and Production, Marketing, and Power segments. Specifically, it shows that for the third quarter of 2007 the company reported net income of $155 million on operating revenues of $1.166 billion, with the Pipelines segment generating earnings before interest and taxes of $275 million and the Exploration and Production segment earning $232 million on that measure.
The document provides operating statistics and financial results for El Paso Corporation for the fourth quarter and full year of 2007. Key highlights include:
- Consolidated net income for Q4 2007 was $160 million compared to a net loss of $166 million in Q4 2006. For the full year, net income was $1.11 billion compared to $475 million in 2006.
- The Pipelines segment saw earnings before interest and taxes of $277 million in Q4 2007, up from $270 million in Q4 2006. For the full year, earnings were $1.11 billion, up from $1.06 billion in 2006.
- Exploration and Production earnings before interest and taxes were $252
The document provides operating statistics for El Paso Corporation for the second quarter of 2005. It includes consolidated statements of income, segment information, consolidated operating results, and business segment results. Specifically, it shows that the consolidated net loss was $238 million for the quarter, with a loss from continuing operations of $233 million. The Pipeline Group contributed earnings of $262 million before interest and taxes, while the Non-Regulated Group had a loss of $207 million before interest and taxes for the quarter.
The document provides operating statistics for El Paso Corporation for the first quarter of 2008. It includes:
1) Consolidated statements of income showing revenues of $1.269 billion for Q1 2008, operating income of $550 million, and net income of $219 million.
2) Segment information on earnings before interest and taxes for the company's four business segments: Pipelines at $405 million, Exploration and Production at $208 million, Marketing at $39 million, and Power at $52 million.
3) Additional data on throughput, volumes, prices and costs for the Pipelines and Exploration and Production segments.
The document provides operating statistics for El Paso Corporation for the second quarter of 2006. It shows that consolidated net income was $150 million for the quarter. It also provides key financial data broken down by each of El Paso's business segments, including Pipelines, Exploration and Production, Marketing and Trading, Power and Field Services. For the Pipelines segment, earnings before interest and taxes was $335 million for the quarter, with total pipeline throughput of 18.154 billion cubic feet per day.
The document provides operating statistics for El Paso Corporation for the third quarter of 2006. It shows that consolidated net income was $135 million for the quarter. It also provides key financial data segmented by each of El Paso's business units, including pipelines, exploration and production, marketing and trading, power, and field services. The pipelines segment reported earnings before interest and taxes of $305 million for the quarter and throughput volumes on its major pipelines.
The document provides operating statistics for El Paso Corporation for the second quarter of 2007. It shows that net income was $166 million, down from $150 million in the second quarter of 2006. The Pipelines segment saw earnings before interest and taxes of $318 million, down from $286 million in the prior year. Total throughput across El Paso's pipeline systems was 15,484 billion cubic feet per day, down slightly from the prior year.
- El Paso Corporation reported operating revenues of $1.598 billion and net income of $445 million for the third quarter of 2008.
- The Pipelines segment earned $278 million in earnings before interest and taxes, with throughput volumes averaging 4.605 trillion British thermal units per day on the Tennessee Gas Pipeline and 4.649 trillion British thermal units per day on the El Paso Natural Gas Pipeline.
- The Exploration and Production segment earned $528 million in operating income on average daily production volumes of 881 million cubic feet equivalent per day.
The document provides operating statistics for El Paso Corporation for the third quarter of 2007. It includes consolidated statements of income, operating results, and business segment results for the Pipelines, Exploration and Production, Marketing, and Power segments. Specifically, it shows that for the third quarter of 2007 the company reported net income of $155 million on operating revenues of $1.166 billion, with the Pipelines segment generating earnings before interest and taxes of $275 million and the Exploration and Production segment earning $232 million on that measure.
The document provides operating statistics and financial results for El Paso Corporation for the fourth quarter and full year of 2007. Key highlights include:
- Consolidated net income for Q4 2007 was $160 million compared to a net loss of $166 million in Q4 2006. For the full year, net income was $1.11 billion compared to $475 million in 2006.
- The Pipelines segment saw earnings before interest and taxes of $277 million in Q4 2007, up from $270 million in Q4 2006. For the full year, earnings were $1.11 billion, up from $1.06 billion in 2006.
- Exploration and Production earnings before interest and taxes were $252
The document provides operating statistics for El Paso Corporation for the second quarter of 2005. It includes consolidated statements of income, segment information, consolidated operating results, and business segment results. Specifically, it shows that the consolidated net loss was $238 million for the quarter, with a loss from continuing operations of $233 million. The Pipeline Group contributed earnings of $262 million before interest and taxes, while the Non-Regulated Group had a loss of $207 million before interest and taxes for the quarter.
The document provides operating statistics for El Paso Corporation for the first quarter of 2008. It includes:
1) Consolidated statements of income showing revenues of $1.269 billion for Q1 2008, operating income of $550 million, and net income of $219 million.
2) Segment information on earnings before interest and taxes for the company's four business segments: Pipelines at $405 million, Exploration and Production at $208 million, Marketing at $39 million, and Power at $52 million.
3) Additional data on throughput, volumes, prices and costs for the Pipelines and Exploration and Production segments.
The document provides operating statistics and financial results for El Paso Corporation for the fourth quarter and full year of 2005. Some key details include:
- For the fourth quarter of 2005, El Paso reported a net loss of $162 million and a loss from continuing operations of $283 million.
- For the full year 2005, El Paso reported a net loss of $606 million and a loss from continuing operations of $702 million.
- El Paso reported earnings before interest and taxes of -$106 million for the fourth quarter and $398 million for the full year from its various business segments including pipelines, exploration and production, marketing and trading, power and field services.
The document provides operating statistics for El Paso Corporation for the second quarter of 2008. It includes consolidated statements of income, consolidated operating results, and business segment results for Pipelines, Exploration and Production, Marketing, and Power. The Pipelines segment saw a decrease in throughput compared to the first quarter but an increase compared to the same period last year. The Exploration and Production segment saw higher earnings before interest and taxes compared to both periods last year. Overall, the company saw higher earnings from continuing operations compared to the same period last year.
This document provides operating statistics and financial results for El Paso Corporation for the fourth quarter and full year of 2006. Some key details include:
- For the fourth quarter of 2006, El Paso reported net income of $166 million compared to a net loss of $162 million for the same period in 2005.
- For the full year 2006, net income was $475 million, an improvement from a net loss of $606 million in 2005.
- Earnings were positively impacted by higher earnings from the Pipelines, Exploration and Production, and Field Services segments.
- The results show improvement in El Paso's overall financial performance in 2006 compared to 2005.
This document provides operating statistics for El Paso Corporation for the third quarter of 2005. It includes consolidated statements of income, segment information, and details on consolidated and business segment earnings before interest, taxes, depreciation and amortization. Specifically, it shows a consolidated net loss of $312 million for the third quarter, with the Pipeline Group generating earnings of $207 million and losses for the Non-Regulated Group of $279 million, bringing total EBIT to a loss of $87 million.
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The document provides operating statistics for El Paso Corporation for the fourth quarter of 2008. It includes consolidated statements of income, operating results, and business segment results for Pipelines, Exploration and Production, Marketing, Power, and Corporate/Other. Key details include a net loss of $1.68 billion for Q4 2008 driven by $2.66 billion in ceiling test charges in Exploration and Production. Pipelines EBIT was $319 million for Q4. Exploration and Production had an EBIT loss of $2.526 billion for the quarter due to the ceiling test charges.
The document provides supplemental financial schedules for Occidental Petroleum for 4Q 2008, 4Q 2007, and full year 2008 and 2007. It shows reported net income and core results, with reconciling items between the two. Some key figures:
- 4Q 2008 reported net income was $443 million, core results were $957 million
- 4Q 2007 reported net income was $1,452 million, core results were $1,464 million
- Full year 2008 reported net income was $6,857 million, core results were $7,348 million
- Full year 2007 reported net income was $5,400 million, core results were $4,405 million
The document provides operating statistics for El Paso Corporation for the second quarter of 2006. It shows that consolidated net income was $150 million for the quarter. It also provides key financial data broken down by each of El Paso's business segments, including Pipelines, Exploration and Production, Marketing and Trading, Power and Field Services. For the Pipelines segment, earnings before interest and taxes was $335 million for the quarter, with total pipeline throughput of 18.154 billion cubic feet per day.
The document provides operating statistics for El Paso Corporation for the third quarter of 2006. It includes consolidated statements of income, operating results, business segment results, and schedules. Specifically, it shows that for the third quarter of 2006, El Paso Corporation reported net income of $135 million on operating revenues of $1.061 billion. The Pipelines business segment reported earnings before interest and taxes of $305 million and the Exploration and Production segment reported earnings of $141 million.
The document provides operating statistics for El Paso Corporation for the second quarter of 2007. It shows that net income was $166 million, down from $150 million in the second quarter of 2006. The Pipelines segment saw earnings before interest and taxes of $318 million, down from $286 million in the prior year. Total pipeline throughput was 15,484 billion cubic feet per day, down slightly from the prior year. The Exploration and Production segment had earnings before interest and taxes of $229 million, up from $161 million in 2006.
The document provides operating statistics for El Paso Corporation for the third quarter of 2007. It includes consolidated statements of income, operating results, and business segment results for the Pipelines, Exploration and Production, Marketing, and Power segments. Specifically, it shows that the company reported net income of $155 million for Q3 2007 compared to $135 million for the same period in 2006. The Pipelines segment reported earnings before interest and taxes of $275 million for Q3 2007.
The document provides operating statistics and financial results for El Paso Corporation for the fourth quarter and full year of 2007. Key highlights include:
- Consolidated net income for Q4 2007 was $160 million compared to a net loss of $166 million in Q4 2006. For the full year, net income was $1.11 billion compared to $475 million in 2006.
- The Pipelines segment saw earnings before interest and taxes of $277 million in Q4 2007, up from $270 million in Q4 2006. For the full year, earnings were $1.11 billion, up from $1.06 billion in 2006.
- Exploration and Production earnings before interest and taxes were $252
- El Paso Corporation reported financial results for the third quarter of 2008 with consolidated net income of $445 million compared to $155 million in the third quarter of 2007.
- The Pipelines segment saw earnings before interest and taxes of $278 million in the third quarter of 2008 compared to $275 million in the third quarter of 2007, while throughput increased.
- Exploration and Production saw earnings before interest and taxes increase to $528 million in the third quarter of 2008 from $228 million in the third quarter of 2007, with production volumes and realized prices increasing.
- Overall, the company reported higher earnings across most business segments in the third quarter of 2008 compared to the same period in 2007.
The document provides operating statistics for El Paso Corporation for the first quarter of 2008. It includes:
1) Consolidated statements of income showing revenues of $1.269 billion for Q1 2008, operating income of $550 million, and net income of $219 million.
2) Segment information on earnings before interest and taxes for the company's four business segments: Pipelines at $405 million, Exploration and Production at $257 million, Marketing at $36 million, and Power at $29 million.
3) Additional data on throughput, volumes, prices and costs for the Pipelines and Exploration and Production segments.
The document provides operating statistics for El Paso Corporation for the second quarter of 2008. It includes consolidated statements of income, consolidated operating results, and business segment results for Pipelines, Exploration and Production, Marketing, and Power. The Pipelines segment reported earnings before interest and taxes of $295 million on throughput of 16,144 billion British thermal units per day for the quarter. Exploration and Production reported earnings of $281 million with average daily production volumes of 3.1 million barrels of oil equivalent. Marketing reported a loss of $154 million.
The document provides operating statistics for El Paso Corporation for the fourth quarter of 2008. It includes consolidated statements of income, operating results, and business segment results for Pipelines, Exploration and Production, Marketing, Power, and Corporate/Other. Key details include a net loss of $1.68 billion for Q4 2008 driven by $2.66 billion in ceiling test charges in Exploration and Production. Pipelines contributed operating income of $291 million in Q4. Exploration and Production had an operating loss of $2.39 billion in Q4 due to the ceiling test charges.
el paso 22758BEF-CBE8-4368-BDC6-D02434EE5C13_EP_4Q08OpStatsFinalfinance49
The document provides operating statistics for El Paso Corporation for the fourth quarter of 2008. It includes consolidated statements of income, operating results, and business segment results for Pipelines, Exploration and Production, Marketing, Power, and Corporate/Other. Key details include a net loss of $1.68 billion for Q4 2008 driven by $2.66 billion in ceiling test charges in Exploration and Production. Pipelines generated $319 million in EBIT for Q4. Exploration and Production had an EBIT loss of $2.53 billion for the quarter due to the ceiling test charges.
The document provides operating statistics for El Paso Corporation for the second quarter of 2005. It includes consolidated statements of income, segment information, consolidated operating results, and business segment results. Specifically, it shows that the consolidated net loss was $238 million for the quarter, with a loss from continuing operations of $233 million. Pipeline operations contributed earnings of $262 million, while the non-regulated group had a loss of $207 million for the quarter.
This document provides operating statistics and financial results for El Paso Corporation for the fourth quarter of 2005.
Some key highlights include:
- Consolidated net loss was $162 million for Q4 2005 compared to a net loss of $542 million for Q4 2004.
- The Pipeline Group segment earned $233 million in earnings before interest and taxes for Q4 2005, down from $369 million in Q4 2004.
- Exploration & Production earned $168 million in earnings before interest and taxes for Q4 2005, down slightly from $176 million in Q4 2004.
- Marketing and Trading lost $224 million in earnings before interest and taxes for Q4 2005, an improvement from a $
This document provides operating statistics for El Paso Corporation for the fourth quarter of 2006. It includes consolidated statements of income, operating results, and business segment results for the company's pipelines, exploration and production, marketing, power, field services, and corporate divisions. For the fourth quarter of 2006, the company reported a net loss of $166 million compared to a net loss of $162 million in the fourth quarter of 2005. The pipelines segment reported earnings before interest and taxes of $302 million for the fourth quarter of 2006.
This document provides operating statistics for El Paso Corporation for the third quarter of 2005. It includes consolidated statements of income, segment information, and details on consolidated and business segment earnings before interest, taxes, depreciation and amortization. Specifically, it shows a consolidated net loss of $312 million for the third quarter, with the Pipeline Group generating earnings of $207 million and losses for the Non-Regulated Group of $279 million, bringing total EBIT to a loss of $87 million.
This document summarizes the financial performance of a company for the third quarter and first nine months of 2005 compared to the same periods in 2004. It shows that net sales increased slightly for the quarter but increased 5% year-to-date, while earnings from continuing operations increased for both periods. On a segment level, the Household Group - North America saw stable sales growth and increased earnings for the quarter and year-to-date. Total assets decreased slightly from the previous fiscal year end while long-term debt increased significantly.
- Motorola reported net earnings of $1.384 billion for Q2 2006, up from $933 million in Q2 2005, with net sales rising 29% to $10.876 billion. Net earnings for the first six months of 2006 were $2.070 billion, up from $1.625 billion in the same period in 2005.
- Mobile device sales increased 46% in Q2 2006 compared to Q2 2005, contributing to a 28% rise in total segment sales. Operating earnings also increased across all segments except networks and enterprise.
- The financial results demonstrated strong growth in Motorola's key metrics compared to the previous year, driven primarily by a large increase in mobile device sales and earnings.
The document provides operating statistics and financial results for El Paso Corporation for the fourth quarter and full year of 2005. Some key details include:
- For the fourth quarter of 2005, El Paso reported a net loss of $162 million and a loss from continuing operations of $283 million.
- For the full year 2005, El Paso reported a net loss of $606 million and a loss from continuing operations of $702 million.
- El Paso reported earnings before interest and taxes of -$106 million for the fourth quarter and $398 million for the full year from its various business segments including pipelines, exploration and production, marketing and trading, power and field services.
The document provides operating statistics for El Paso Corporation for the second quarter of 2008. It includes consolidated statements of income, consolidated operating results, and business segment results for Pipelines, Exploration and Production, Marketing, and Power. The Pipelines segment saw a decrease in throughput compared to the first quarter but an increase compared to the same period last year. The Exploration and Production segment saw higher earnings before interest and taxes compared to both periods last year. Overall, the company saw higher earnings from continuing operations compared to the same period last year.
This document provides operating statistics and financial results for El Paso Corporation for the fourth quarter and full year of 2006. Some key details include:
- For the fourth quarter of 2006, El Paso reported net income of $166 million compared to a net loss of $162 million for the same period in 2005.
- For the full year 2006, net income was $475 million, an improvement from a net loss of $606 million in 2005.
- Earnings were positively impacted by higher earnings from the Pipelines, Exploration and Production, and Field Services segments.
- The results show improvement in El Paso's overall financial performance in 2006 compared to 2005.
This document provides operating statistics for El Paso Corporation for the third quarter of 2005. It includes consolidated statements of income, segment information, and details on consolidated and business segment earnings before interest, taxes, depreciation and amortization. Specifically, it shows a consolidated net loss of $312 million for the third quarter, with the Pipeline Group generating earnings of $207 million and losses for the Non-Regulated Group of $279 million, bringing total EBIT to a loss of $87 million.
el paso 22758BEF-CBE8-4368-BDC6-D02434EE5C13_EP_4Q08OpStatsFinalfinance49
The document provides operating statistics for El Paso Corporation for the fourth quarter of 2008. It includes consolidated statements of income, operating results, and business segment results for Pipelines, Exploration and Production, Marketing, Power, and Corporate/Other. Key details include a net loss of $1.68 billion for Q4 2008 driven by $2.66 billion in ceiling test charges in Exploration and Production. Pipelines EBIT was $319 million for Q4. Exploration and Production had an EBIT loss of $2.526 billion for the quarter due to the ceiling test charges.
The document provides supplemental financial schedules for Occidental Petroleum for 4Q 2008, 4Q 2007, and full year 2008 and 2007. It shows reported net income and core results, with reconciling items between the two. Some key figures:
- 4Q 2008 reported net income was $443 million, core results were $957 million
- 4Q 2007 reported net income was $1,452 million, core results were $1,464 million
- Full year 2008 reported net income was $6,857 million, core results were $7,348 million
- Full year 2007 reported net income was $5,400 million, core results were $4,405 million
The document provides operating statistics for El Paso Corporation for the second quarter of 2006. It shows that consolidated net income was $150 million for the quarter. It also provides key financial data broken down by each of El Paso's business segments, including Pipelines, Exploration and Production, Marketing and Trading, Power and Field Services. For the Pipelines segment, earnings before interest and taxes was $335 million for the quarter, with total pipeline throughput of 18.154 billion cubic feet per day.
The document provides operating statistics for El Paso Corporation for the third quarter of 2006. It includes consolidated statements of income, operating results, business segment results, and schedules. Specifically, it shows that for the third quarter of 2006, El Paso Corporation reported net income of $135 million on operating revenues of $1.061 billion. The Pipelines business segment reported earnings before interest and taxes of $305 million and the Exploration and Production segment reported earnings of $141 million.
The document provides operating statistics for El Paso Corporation for the second quarter of 2007. It shows that net income was $166 million, down from $150 million in the second quarter of 2006. The Pipelines segment saw earnings before interest and taxes of $318 million, down from $286 million in the prior year. Total pipeline throughput was 15,484 billion cubic feet per day, down slightly from the prior year. The Exploration and Production segment had earnings before interest and taxes of $229 million, up from $161 million in 2006.
The document provides operating statistics for El Paso Corporation for the third quarter of 2007. It includes consolidated statements of income, operating results, and business segment results for the Pipelines, Exploration and Production, Marketing, and Power segments. Specifically, it shows that the company reported net income of $155 million for Q3 2007 compared to $135 million for the same period in 2006. The Pipelines segment reported earnings before interest and taxes of $275 million for Q3 2007.
The document provides operating statistics and financial results for El Paso Corporation for the fourth quarter and full year of 2007. Key highlights include:
- Consolidated net income for Q4 2007 was $160 million compared to a net loss of $166 million in Q4 2006. For the full year, net income was $1.11 billion compared to $475 million in 2006.
- The Pipelines segment saw earnings before interest and taxes of $277 million in Q4 2007, up from $270 million in Q4 2006. For the full year, earnings were $1.11 billion, up from $1.06 billion in 2006.
- Exploration and Production earnings before interest and taxes were $252
- El Paso Corporation reported financial results for the third quarter of 2008 with consolidated net income of $445 million compared to $155 million in the third quarter of 2007.
- The Pipelines segment saw earnings before interest and taxes of $278 million in the third quarter of 2008 compared to $275 million in the third quarter of 2007, while throughput increased.
- Exploration and Production saw earnings before interest and taxes increase to $528 million in the third quarter of 2008 from $228 million in the third quarter of 2007, with production volumes and realized prices increasing.
- Overall, the company reported higher earnings across most business segments in the third quarter of 2008 compared to the same period in 2007.
The document provides operating statistics for El Paso Corporation for the first quarter of 2008. It includes:
1) Consolidated statements of income showing revenues of $1.269 billion for Q1 2008, operating income of $550 million, and net income of $219 million.
2) Segment information on earnings before interest and taxes for the company's four business segments: Pipelines at $405 million, Exploration and Production at $257 million, Marketing at $36 million, and Power at $29 million.
3) Additional data on throughput, volumes, prices and costs for the Pipelines and Exploration and Production segments.
The document provides operating statistics for El Paso Corporation for the second quarter of 2008. It includes consolidated statements of income, consolidated operating results, and business segment results for Pipelines, Exploration and Production, Marketing, and Power. The Pipelines segment reported earnings before interest and taxes of $295 million on throughput of 16,144 billion British thermal units per day for the quarter. Exploration and Production reported earnings of $281 million with average daily production volumes of 3.1 million barrels of oil equivalent. Marketing reported a loss of $154 million.
The document provides operating statistics for El Paso Corporation for the fourth quarter of 2008. It includes consolidated statements of income, operating results, and business segment results for Pipelines, Exploration and Production, Marketing, Power, and Corporate/Other. Key details include a net loss of $1.68 billion for Q4 2008 driven by $2.66 billion in ceiling test charges in Exploration and Production. Pipelines contributed operating income of $291 million in Q4. Exploration and Production had an operating loss of $2.39 billion in Q4 due to the ceiling test charges.
el paso 22758BEF-CBE8-4368-BDC6-D02434EE5C13_EP_4Q08OpStatsFinalfinance49
The document provides operating statistics for El Paso Corporation for the fourth quarter of 2008. It includes consolidated statements of income, operating results, and business segment results for Pipelines, Exploration and Production, Marketing, Power, and Corporate/Other. Key details include a net loss of $1.68 billion for Q4 2008 driven by $2.66 billion in ceiling test charges in Exploration and Production. Pipelines generated $319 million in EBIT for Q4. Exploration and Production had an EBIT loss of $2.53 billion for the quarter due to the ceiling test charges.
The document provides operating statistics for El Paso Corporation for the second quarter of 2005. It includes consolidated statements of income, segment information, consolidated operating results, and business segment results. Specifically, it shows that the consolidated net loss was $238 million for the quarter, with a loss from continuing operations of $233 million. Pipeline operations contributed earnings of $262 million, while the non-regulated group had a loss of $207 million for the quarter.
This document provides operating statistics and financial results for El Paso Corporation for the fourth quarter of 2005.
Some key highlights include:
- Consolidated net loss was $162 million for Q4 2005 compared to a net loss of $542 million for Q4 2004.
- The Pipeline Group segment earned $233 million in earnings before interest and taxes for Q4 2005, down from $369 million in Q4 2004.
- Exploration & Production earned $168 million in earnings before interest and taxes for Q4 2005, down slightly from $176 million in Q4 2004.
- Marketing and Trading lost $224 million in earnings before interest and taxes for Q4 2005, an improvement from a $
This document provides operating statistics for El Paso Corporation for the fourth quarter of 2006. It includes consolidated statements of income, operating results, and business segment results for the company's pipelines, exploration and production, marketing, power, field services, and corporate divisions. For the fourth quarter of 2006, the company reported a net loss of $166 million compared to a net loss of $162 million in the fourth quarter of 2005. The pipelines segment reported earnings before interest and taxes of $302 million for the fourth quarter of 2006.
This document provides operating statistics for El Paso Corporation for the third quarter of 2005. It includes consolidated statements of income, segment information, and details on consolidated and business segment earnings before interest, taxes, depreciation and amortization. Specifically, it shows a consolidated net loss of $312 million for the third quarter, with the Pipeline Group generating earnings of $207 million and losses for the Non-Regulated Group of $279 million, bringing total EBIT to a loss of $87 million.
This document summarizes the financial performance of a company for the third quarter and first nine months of 2005 compared to the same periods in 2004. It shows that net sales increased slightly for the quarter but increased 5% year-to-date, while earnings from continuing operations increased for both periods. On a segment level, the Household Group - North America saw stable sales growth and increased earnings for the quarter and year-to-date. Total assets decreased slightly from the previous fiscal year end while long-term debt increased significantly.
- Motorola reported net earnings of $1.384 billion for Q2 2006, up from $933 million in Q2 2005, with net sales rising 29% to $10.876 billion. Net earnings for the first six months of 2006 were $2.070 billion, up from $1.625 billion in the same period in 2005.
- Mobile device sales increased 46% in Q2 2006 compared to Q2 2005, contributing to a 28% rise in total segment sales. Operating earnings also increased across all segments except networks and enterprise.
- The financial results demonstrated strong growth in Motorola's key metrics compared to the previous year, driven primarily by a large increase in mobile device sales and earnings.
Dover Corporation reported financial results for the first quarter of 2006 with the following highlights:
- Revenue increased 22% to a record $1.67 billion compared to $1.37 billion in the prior year.
- Earnings from continuing operations increased 40% to $133.5 million or $0.65 per share from $95.4 million or $0.47 per share in the previous year.
- Net earnings were $203.8 million or $0.99 per share, which includes discontinued operations income of $70.3 million or $0.34 per share.
Motorola's net sales increased 23% to $10.01 billion in the first quarter of 2006 compared to $8.16 billion in the same period in 2005. Gross margin improved to $3.02 billion in 2006 from $2.66 billion previously. Overall earnings from continuing operations were $686 million in 2006, nearly flat compared to $692 million in 2005. Mobile Devices segment sales grew 45% and operating earnings increased 60% year-over-year.
This document summarizes the financial performance of a company for the third quarter and fiscal year ending June 30, 2005 compared to the prior year. It shows that net sales increased 6% for the quarter and 5% for the year. Earnings from continuing operations were $156 million for the quarter and $517 million for the year. The company also had significant earnings from discontinued operations of $579 million for the year from the sale of a business unit.
This document summarizes the financial performance of a company for the third quarter and first six months of 2005 compared to the same periods in 2004. It shows that net sales increased 6% for both periods while earnings from continuing operations decreased 38% and 24% respectively due to higher costs. The household products division grew sales and earnings both periods, while other divisions saw mixed results.
This investor presentation provides an overview of Jarden Corporation. In 3 sentences: Jarden is a diversified global consumer products company with a portfolio of over 100 brands across multiple segments. It has established processes for continuous improvement to drive organic growth and integrate acquisitions. The presentation discusses Jarden's strategy, brand strengths, growth approach, operating culture, and framework for ongoing process improvement.
This investor presentation provides an overview of Jarden Corporation. In 3 sentences: Jarden is a diversified global consumer products company with a portfolio of over 100 brands across multiple segments. It has established resilient business platforms and market-leading brands. Jarden's growth strategy focuses on organic growth through increased investment and acquisitions of core, tuck-in businesses that strategically fit with its international focus.
Alltrista Corporation is a leading provider of niche consumer products used for home food preservation. In 2001, Alltrista undertook strategic initiatives to focus on its core consumer products business, including the divestiture of non-core businesses. As a result, Alltrista reported a net loss of $85.4 million for 2001 due to special charges associated with divestitures and restructuring costs. However, the divestitures and restructuring positioned Alltrista to focus on growing its consumer products business through the planned acquisition of Tilia International, which would make Alltrista the market leader in home vacuum packaging systems.
Alltrista sold off non-core businesses in 2001 to focus on consumer products, especially those related to home food preservation. This included brands for canning and vacuum packaging. The divestitures removed financial burdens and generated tax refunds. Alltrista also closed an office to reduce costs. Going forward, the strategy is to leverage leadership in niche consumer product markets to drive growth, with an acquisition of Tilia planned to expand into vacuum packaging.
This document is Jarden Corporation's 2002 Annual Report. It provides an overview of the company's performance in 2002 including financial highlights and summaries of its main business segments: branded consumables, home vacuum packaging, plastic consumables, and other. It discusses the company's acquisition of Tilia and strategic direction to build a world-class consumer products company with leading market shares in niche branded consumable products.
This document is Jarden Corporation's 2002 Annual Report. It provides an overview of the company's performance in 2002 including financial highlights and summaries of its main business segments: branded consumables, home vacuum packaging, plastic consumables, and other. It discusses the company's acquisition of Tilia and strategic direction to build a world-class consumer products company with leading market shares in niche branded consumable products.
The 2003 annual report summarizes Jarden Corporation's financial and operating results for the year. It discusses record financial performance with revenues surpassing $500 million and cash flow from operations exceeding $70 million. It also highlights the acquisitions of Diamond Brands and Lehigh Consumer Products, which added over $250 million in annual revenue. The Chairman expresses optimism that 2004 will be another record year as the company continues executing its strategy of building a portfolio of market-leading consumer brands.
The 2003 annual report summarizes Jarden Corporation's financial and operating results for the year. It discusses record financial performance with revenues surpassing $500 million and cash flow from operations exceeding $70 million. It also highlights the acquisitions of Diamond Brands and Lehigh Consumer Products, which added over $250 million in annual revenue. The Chairman expresses optimism that this is just the beginning and that Jarden will continue executing its strategy to deliver strong growth.
The document summarizes Jarden Corporation's 2004 annual report. It discusses record financial results in 2004, including 5% organic sales growth and 18% EBITDA margins. It also highlights acquisitions of The United States Playing Card Company and American Household, Inc., owner of brands like Coleman and Sunbeam. The acquisition of American Household tripled Jarden's revenue base and provides opportunities for margin expansion and earnings growth.
The document is Jarden Corporation's 2004 annual report. It discusses Jarden's record financial results in 2004, including organic sales growth of 5% and EBITDA margins of 18% excluding non-cash charges. It also summarizes two acquisitions completed in 2004 - The United States Playing Card Company and American Household, Inc. - and how they will help Jarden expand its business and drive margin improvement towards a target of 15% over five years. The report highlights the company's focus on innovation through new product introductions and maintaining financial flexibility.
This annual report summarizes Jarden Corporation's financial performance in 2005. It discusses the company's acquisition of American Household and The Holmes Group, which expanded its consumer solutions segment. It also highlights initiatives across its various business segments, including new product introductions, employee programs, and efforts to improve operations. The Chairman expresses pride in the company's strong growth and record results in 2005, with revenues reaching $3.2 billion, nearly halfway to its goal of doubling EPS within 3 to 5 years.
This annual report summarizes Jarden Corporation's financial performance in 2005. It discusses the company's acquisition of American Household and The Holmes Group, which expanded its consumer solutions segment. It also highlights initiatives across its various business segments, including new product introductions, employee programs, and efforts to improve operations. The Chairman expresses pride in the company's strong growth and record results in 2005, with revenues reaching $3.2 billion, nearly halfway to its goal of doubling EPS within 3 to 5 years.
Jarden Corporation reported record financial performance in 2006, with net sales increasing 21% to $3.85 billion and consolidated segment earnings growing 23% to $442 million. The annual report provides an overview of the company's three business segments - Branded Consumables, Consumer Solutions, and Outdoor Solutions - and their financial contributions. It also highlights new products, operational efficiencies, and initiatives around veterans hiring, outdoor recreation, and sustainability. Chairman Martin Franklin expressed confidence that the company is on track to double adjusted earnings per share within three to five years.
Chiquita Brands experienced a difficult year in 1999 due to severe banana price declines in Europe resulting from an overallocation of EU banana import licenses. Weak economies in Eastern Europe and Russia also negatively impacted pricing. Operating income declined compared to 1998. However, the company's Processed Foods business saw improved earnings. Chiquita completed a workforce reduction to streamline operations and generate annual savings. The EU banana import regime remains in noncompliance with international trade laws and continues to be challenged at the WTO.
Chiquita Brands International announced a proposed restructuring of $862 million in publicly-held debt discussed in the annual report. If successful, the restructuring would convert a significant portion of the debt into common equity, diluting existing shareholders. The restructuring process is still in the early stages and will continue past the customary May date for the annual shareholder meeting, which has been rescheduled for September 12, 2001. Shareholders will receive proxy materials in advance of the September meeting. The company's website and SEC filings provide information on the restructuring, operations, and other developments.
This document provides an update on Chiquita's progress against its three-year strategic plan to focus on its core banana business, drive better performance through cost reductions, and strengthen its balance sheet. Some key updates include selling non-core assets to focus on bananas, implementing cost saving programs with a target of $70 million in annual savings by 2005, reducing debt by over $100 million in 2002, and plans to invest cash flow into new growth opportunities once debt targets are met.
This document is Chiquita Brands International's 2003 annual report. It summarizes the company's financial performance and operational highlights for 2003. The key points are:
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- Productivity increased 12% on owned banana farms and a new fresh cut fruit business was successfully launched. Labor and food safety certifications were also earned.
- The company aims to leverage its brand and expand into higher-margin fruit businesses, targeting 30% of revenues from new businesses in 5 years. Transformation will include a focus on marketing and new talent.
Chiquita Brands International is a leading marketer and producer of bananas and other fresh produce. In 2004, the company achieved several financial and operational goals including 18% sales growth to $3.1 billion, a 23% increase in operating cash flow to $92 million, and an 11% reduction in total debt. The CEO discusses the company's strategy to strengthen its core banana business, pursue profitable growth through new acquisitions and segments, build a high-performance organization, and improve profitability in North America. Key goals for 2005 include completing the acquisition of Fresh Express to diversify product offerings and integrating the new leadership team to execute the long-term strategy.
This document is Chiquita Brands International's 2005 Annual Report. Some key highlights include:
- Net sales grew 27% to a record $3.9 billion in 2005. Operating income increased 66% to $188 million and net income grew 138% to $131 million.
- The company continued strengthening its management team and board. It also acquired Fresh Express, the US market leader in value-added salads.
- In Europe, Chiquita reinforced its brand leadership in the face of a controversial new EU banana import regime. In North America, it achieved its first meaningful increase in banana pricing in over 15 years.
- Fresh Express accelerated its market leadership in retail value-added salads to a
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1. EL PASO CORPORATION
Operating Statistics
First Quarter 2006
Table of Contents
Page
Consolidated Statements of Income 2
Consolidated Operating Results
Consolidated Net Income 3
Segment Information 4
Business Segment Results
Pipeline Group
Earnings Before Interest Expense and Income Taxes 5
Throughput 6
Exploration & Production
Earnings Before Interest Expense and Income Taxes 7
Average Daily Volumes, Realized Prices and Costs Per Unit 8
Marketing and Trading
Earnings Before Interest Expense and Income Taxes 9
Operating Data 10
Power
Earnings Before Interest Expense and Income Taxes 11
Field Services
Earnings Before Interest Expense and Income Taxes 12
Corporate
Earnings Before Interest Expense and Income Taxes 13
Schedule of 2005 Significant Items 14
1
2. EL PASO CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per common share amounts)
(UNAUDITED)
Three Months Ended
March 31,
2006 2005
Operating revenues $ 1,531 $ 1,088
Operating expenses
Cost of products and services 61 94
Operation and maintenance 334 411
Depreciation, depletion and amortization 272 269
Loss on long-lived assets - 7
Taxes, other than income taxes 64 65
731 846
Operating income 800 242
Equity earnings and other income 88 221
Earnings before interest expense, income taxes, and other charges 888 463
Interest and debt expense 348 343
Preferred interests of consolidated subsidiaries - 6
Income before income taxes 540 114
Income taxes 165 1
Income from continuing operations 375 113
Discontinued operations, net of income taxes (19) (7)
Net income 356 106
Preferred stock dividends 10 -
Net income available to common stockholders $ 346 $ 106
Earnings (losses) per common share
Basic
Income from continuing operations $ 0.56 $ 0.18
Discontinued operations, net of income taxes (0.03) (0.01)
Net income $ 0.53 $ 0.17
Diluted
Income from continuing operations $ 0.52 $ 0.18
Discontinued operations, net of income taxes (0.03) (0.01)
Net income $ 0.49 $ 0.17
Weighted average common shares outstanding
Basic 656 640
Diluted 724 642
Dividends declared per common share $ 0.04 $ 0.04
2
3. EL PASO CORPORATION
CONSOLIDATED NET INCOME
(UNAUDITED)
2006 2005
(In millions, except per common share amounts) First First Second Third Fourth
Operating revenues $ 1,531 $ 1,088 $ 1,169 $ 752 $ 961
Operating expenses
Cost of products and services 61 94 54 111 64
Operation and maintenance 334 411 385 454 782
Depreciation, depletion and amortization 272 269 284 270 277
Loss on long-lived assets - 7 - 3 64
Taxes, other than income taxes 64 65 56 69 72
Total operating expenses 731 846 779 907 1,259
Operating income (loss) 800 242 390 (155) (298)
Equity earnings and other income 88 221 48 63 249
Earnings (loss) before interest expense, income taxes and other charges 888 463 438 (92) (49)
Interest and debt expense 348 343 333 337 341
Preferred interests of consolidated subsidiaries - 6 3 - -
Income (loss) before income taxes 540 114 102 (429) (390)
Income taxes (benefit) 165 1 35 (136) (151)
Income (loss) from continuing operations 375 113 67 (293) (239)
Discontinued operations, net of income taxes (19) (7) (305) (19) 81
(1)
Cumulative effect of accounting changes, net of income taxes - - - - (4)
Consolidated net income (loss) $ 356 $ 106 $ (238) $ (312) $ (162)
Preferred stock dividends 10 - 8 9 10
Net income (loss) available to common stockholders $ 346 $ 106 $ (246) $ (321) $ (172)
Basic earnings (losses) per common share $ 0.53 $ 0.17 $ (0.38) $ (0.50) $ (0.26)
Diluted earnings (losses) per common share $ 0.49 $ 0.17 $ (0.38) $ (0.50) $ (0.26)
Basic average common shares outstanding 656 640 641 648 655
Diluted average common shares outstanding 724 642 643 648 655
(1)
$4 million in 2005 resulting from the adoption of FIN No. 47, Accounting for Conditional Asset Retirement Obligations.
3
4. EL PASO CORPORATION
SEGMENT INFORMATION
(UNAUDITED)
2006 2005
(In millions) First First Second Third Fourth
Operating revenues
Pipeline Group $ 837 $ 768 $ 653 $ 646 $ 716
Exploration & Production 466 439 452 449 447
Marketing and Trading 205 (175) (21) (389) (211)
Power 1 23 54 2 3
(1)
Field Services - 48 28 45 2
Corporate and eliminations 22 (15) 3 (1) 4
Consolidated total 1,531 1,088 1,169 752 961
Depreciation, depletion and amortization
Pipeline Group 115 111 108 108 110
Exploration & Production 146 146 157 153 156
Marketing and Trading 1 1 1 1 1
Power - 1 - 1 -
(1)
Field Services - 1 1 1 -
Corporate 10 9 17 6 10
Consolidated total 272 269 284 270 277
Operating income (loss)
Pipeline Group 438 362 262 207 188
Exploration & Production 191 180 175 167 149
Marketing and Trading 200 (186) (32) (404) (233)
Power (15) (25) 26 (20) (44)
(1)
Field Services - 2 (5) (26) 13
Corporate (14) (91) (36) (79) (371)
Consolidated total 800 242 390 (155) (298)
Earnings (loss) before interest expense and income taxes (EBIT)
Pipeline Group 478 412 309 272 233
Exploration & Production 199 183 176 169 168
Marketing and Trading 208 (185) (30) (398) (224)
Power 3 (39) (2) (46) (2)
(1)
Field Services - 182 (3) (22) 128
Corporate - (90) (12) (67) (352)
Consolidated total $ 888 $ 463 $ 438 $ (92) $ (49)
(1)
By the end of 2005, we sold or transferred to other segments substantially all of our Field Services assets.
4
5. PIPELINE GROUP
EARNINGS BEFORE INTEREST EXPENSE AND INCOME TAXES
(Excludes Intrasegment Transactions)
2006 2005
(In millions) First First Second Third Fourth
Operating revenues $ 837 $ 768 $ 653 $ 646 $ 716
Operating expenses
Operation and maintenance 242 259 246 288 336
Depreciation, depletion and amortization 115 111 108 108 110
(Gain) loss on long-lived assets - (7) (3) - 45
Taxes, other than income taxes 42 43 40 43 37
Total operating expenses 399 406 391 439 528
Operating income 438 362 262 207 188
Equity earnings and other income 40 50 47 65 45
Earnings before interest expense and income taxes (EBIT) $ 478 $ 412 $ 309 $ 272 $ 233
5
6. PIPELINE GROUP
THROUGHPUT
(Excludes Intrasegment Volumes)
(BBtu/d)
2006 2005
First First Second Third Fourth
Tennessee Gas Pipeline 4,936 5,026 4,315 4,146 4,298
ANR Pipeline 4,527 4,947 3,686 3,705 4,074
Southern Natural Gas 2,151 2,243 1,735 2,005 1,955
El Paso Natural Gas (1) 4,094 4,055 4,089 4,332 4,374
(2)
Colorado Interstate Gas 3,716 3,406 3,653 3,781 3,720
El Paso Gas Transmission Mexico, S. de R.L. 50 50 50 50 50
19,474
Total 19,727 17,528 18,019 18,471
Equity Investments (Ownership Percentage)
Citrus (50%) 892 952 959 1,080 840
Great Lakes (50%) 1,250 1,223 1,140 1,109 1,281
Samalayuca & Gloria a Dios (50%) 215 209 214 217 207
San Fernando (50%) 475 475 475 475 475
2,832
Total 2,859 2,788 2,881 2,803
Total throughput 22,586 20,316 20,900 21,274
22,306
(1)
Including Mojave Pipeline Company (MPC)
(2)
Including Wyoming Interstate Company (WIC) and Cheyenne Plains Gas Pipeline (CPG)
6
7. EXPLORATION & PRODUCTION
EARNINGS BEFORE INTEREST EXPENSE AND INCOME TAXES
(Excludes Intrasegment Transactions)
2006 2005
(In millions) First First Second Third Fourth
Operating revenues
Natural gas $ 366 $ 353 $ 354 $ 354 $ 359
Oil, condensate and natural gas liquids (NGL) 90 85 96 105 85
Other (1) 10 1 2 (10) 3
Total operating revenues 466 439 452 449 447
Operating expenses
Depreciation, depletion and amortization 146 146 157 153 156
(2)
Cost of products and services 22 13 12 11 11
Production costs (3) 64 55 59 72 75
General and administrative expenses 42 41 43 45 56
Restructuring costs - - 2 - 1
Taxes, other than production and income taxes 1 4 4 1 (1)
Total operating expenses 275 259 277 282 298
Operating income 191 180 175 167 149
(4)
Equity earnings and other income 8 3 1 2 19
Earnings before interest expense and income taxes (EBIT) $ 199 $ 183 $ 176 $ 169 $ 168
(1)
Includes Brazil's mark-to-market loss of $10 million in the third quarter of 2005.
(2)
Includes transportation costs
(3)
Production costs include lease operating costs and production related taxes (including ad valorem and severance taxes).
(4)
Includes equity earnings from our investment in Four Star.
7
8. EXPLORATION & PRODUCTION
AVERAGE DAILY VOLUMES, REALIZED PRICES AND COSTS PER UNIT
2006 2005
First First Second Third Fourth
Natural Gas Sales Volumes from Continuing Operations (MMcf/d)
Onshore 297 226 267 288 290
Gulf of Mexico and South Louisiana 91 164 146 107 80
Texas Gulf Coast 164 186 182 164 166
International 26 48 40 42 41
Total Natural Gas Sales Volumes from Continuing Operations 578 624 635 601 577
Total Natural Gas Sales Volumes from Discontinued Operations (1) - 5 1 - -
Total Natural Gas Sales Volumes 578 629 636 601 577
Oil, Condensate and NGL Sales Volumes from Continuing Operations (MBbls/d)
Onshore 6 4 5 6 7
Gulf of Mexico and South Louisiana 7 11 12 9 5
Texas Gulf Coast 5 7 7 6 5
International 1 2 2 2 2
Total Oil, Condensate and NGL Sales Volumes from Continuing Operations 19 24 25 22 18
Total Oil, Condensate and NGL Sales Volumes from Discontinued Operations - - - - -
Total Oil, Condensate and NGL Sales Volumes 19 24 25 22 18
Equivalent Sales Volumes from Continuing Operations (Mmcfe/d)
Onshore 334 247 294 324 332
Gulf of Mexico and South Louisiana 133 232 218 161 107
Texas Gulf Coast 195 228 222 199 196
International 32 59 50 51 51
Total Equivalent Sales Volumes from Continuing Operations 694 766 784 736 686
Total Equivalent Sales Volumes from Discontinued Operations (1) - 5 1 - -
Total Equivalent Sales Volumes 694 771 785 736 686
Unconsolidated Affiliate Volumes (Four Star) (2)
Natural Gas (MMcf/d) 50 - - 17 55
Oil, Condensate and NGL (MBbls/d) 3 - - 1 3
Total Equivalent Sales Volumes (Mmcfe/d) 71 - - 23 73
Weighted Average Realized Prices (3)
Natural gas including hedges ($/Mcf) $ 6.79 $ 6.10 $ 5.96 $ 6.22 $ 6.55
Natural gas excluding hedges ($/Mcf) $ 7.53 $ 5.53 $ 6.18 $ 7.56 $ 10.33
Oil, condensate and NGL including hedges ($/Bbl) $ 50.00 $ 39.11 $ 41.80 $ 50.17 $ 50.27
Oil, condensate and NGL excluding hedges ($/Bbl) $ 51.35 $ 39.45 $ 42.48 $ 51.28 $ 51.63
Production cost ($/Mcfe)
Average lease operating cost $ 0.73 $ 0.61 $ 0.76 $ 0.74 $ 0.76
Average production taxes $ 0.29 $ 0.19 $ 0.07 $ 0.32 $ 0.42
Total production cost $ 1.02 $ 0.80 $ 0.83 $ 1.06 $ 1.18
Average general and administrative cost ($/Mcfe) $ 0.67 $ 0.59 $ 0.61 $ 0.65 $ 0.90
Unit of production depletion cost ($/Mcfe) $ 2.20 $ 2.00 $ 2.05 $ 2.11 $ 2.25
(1)
Includes Hungary
(2)
Includes our equity investment in Four Star Oil & Gas Company
(3)
Prices are stated after transportation costs
8
9. MARKETING AND TRADING
EARNINGS BEFORE INTEREST EXPENSE AND INCOME TAXES
(Excludes Intrasegment Transactions)
2006 2005
(In millions) First First Second Third Fourth
Gross margin and other revenue $ 205 $ (175) $ (21) $ (389) $ (211)
Operating expenses
Operation and maintenance 3 10 9 14 21
Depreciation, depletion and amortization 1 1 1 1 1
Taxes, other than income taxes 1 - 1 - -
Total operating expenses 5 11 11 15 22
Operating income (loss) 200 (186) (32) (404) (233)
Other income 8 1 2 6 9
Earnings (loss) before interest expense and income taxes (EBIT) $ 208 $ (185) $ (30) $ (398) $ (224)
9
10. MARKETING AND TRADING
OPERATING DATA
2005
2006
($ in millions) First Second Third Fourth
First
Price Risk Management Statistics
Forward Trading Book $ (540) $ 46 $ 36 $ (270) $ (753)
Average VAR (1) $ 43 $ 20 $ 23 $ 42 $ 58
Physical Gas Delivery (BBtu/d) 1,186 1,534 1,597 1,564 1,185
Physical Power Sales (MMWh) 10,392 15,096 14,505 15,458 13,773
Financial Settlements (BBtue/d) 5,759 8,081 7,595 6,810 6,716
Analysis of Price Risk Management Activities and Forward Book
Trading Portfolio Value at Risk: March 31, 2006
Total Trading MTM
One Day VAR-95% Confidence Level at 3/31/06 $ 30 $ 24
Average VAR-95% Confidence Level during 2006 $ 43 $ 35
High VAR-95% Confidence Level during 2006 $ 52 $ 48
Low VAR-95% Confidence Level during 2006 $ 30 $ 24
March 31, 2006
Forward Return of Cash Total Cash
Collateral (2) Expectations (3)
Risk Management Assets and Liabilities Trading Book
Mark to Market Value and Cash Liquidation (In millions)
2007 $ (47) $ 50 $ 3
2008 (91) (70) (161)
2009 (48) (60) (108)
2010 (56) (30) (86)
2011 (57) 3 (54)
Remainder (241) 165 (76)
Total $ (540) $ 58 $ (482)
(1)
Average VAR was calculated using the historical simulation methodology at a 95% confidence level and includes MTM and accrual based contracts.
(2)
Return of cash collateral includes margin posted against our production hedge payables that are included in Exploration & Production segment's
non-trading book.
(3)
Estimated discounted value of our expected settlements of accrual positions through 2028, assuming a reasonable utilization of transportation and
storage capacity, was $(339) million at March 31, 2006.
10
11. POWER
EARNINGS BEFORE INTEREST EXPENSE AND INCOME TAXES
(Excludes Intrasegment Transactions)
2006 2005
(In millions) First First Second Third Fourth
Gross margin and other revenue $ - $ 10 $ 52 $ 1 $ -
Operating expenses
Operation and maintenance 14 20 25 19 25
Depreciation, depletion and amortization - 1 - 1 -
Loss on long-lived assets - 13 1 - 19
Taxes, other than income taxes 1 1 - 1 -
Total operating expenses 15 35 26 21 44
Operating income (loss) (15) (25) 26 (20) (44)
Equity earnings and other income (expense) 18 (14) (28) (26) 42
Earnings (loss) before interest expense and income taxes (EBIT) $ 3 $ (39) $ (2) $ (46) $ (2)
EBIT by Region:
Domestic power $ (6) $ 12 $ 44 $ (161) $ (9)
International power 10 (30) (37) 122 (11)
Power G&A (1) (21) (9) (7) 18
Total Power $ 3$ (39) $ (2) $ (46) $ (2)
Discontinued operations - EBIT $ (15) $ (11) $ (379) $ 5 $ (121)
11
12. FIELD SERVICES (1)
EARNINGS BEFORE INTEREST EXPENSE AND INCOME TAXES
(Excludes Intrasegment Transactions)
2005
(In millions) First Second Third Fourth
Gross Margin $ 3 $ 7 $ 7 $ 8
Operating expenses
Operation and maintenance (1) 4 29 (5)
Depreciation, depletion and amortization 1 1 1 -
Loss on long-lived assets 1 6 3 -
Taxes, other than income taxes - 1 - -
Total operating expenses 1 12 33 (5)
Operating income (loss) 2 (5) (26) 13
Equity earnings and other income 180 2 4 115
$ 182 $ (3) $ (22) $ 128
Earnings (loss) before interest expense and income taxes (EBIT)
Discontinued operations - EBIT $ 9 $ 12 $ 9 $ 392
(1)
By the end of 2005, we sold or transferred to other segments substantially all of our Field Services assets; therefore,
not reported as a segment in 2006.
12
13. CORPORATE (1)
EARNINGS BEFORE INTEREST EXPENSE AND INCOME TAXES
(Excludes Intrasegment Transactions)
2006 2005
(In millions) First First Second Third Fourth
Gross margin and other revenue $ 9 $ 19 $ 16 $ 8 $ 11
Operating expenses
Operation and maintenance 12 96 34 80 362
Depreciation, depletion and amortization 10 9 17 6 10
Gain on long-lived assets - - (4) - -
Taxes, other than income taxes 1 5 5 1 10
Total operating expenses 23 110 52 87 382
Operating loss (14) (91) (36) (79) (371)
Equity earnings and other income 14 1 24 12 19
Earnings (loss) before interest expense and income taxes (EBIT) $ - $ (90) $ (12) $ (67) $ (352)
EBIT by Business Unit:
Telecom $ 2$ -$ 8$ (2) $ 2
Corporate (2) (90) (20) (65) (354)
Total EBIT $ -$ (90) $ (12) $ (67) $ (352)
(1)
Includes our corporate businesses, our telecommunications business and residual assets and liabilities of previously sold or
discontinued businesses.
13
14. EL PASO CORPORATION
SCHEDULE OF 2005 SIGNIFICANT ITEMS (1)
(UNAUDITED)
2005
(In millions) First Second Third Fourth
Restructuring costs
Employee severance, retention and transition costs $ 1 $ 2 $ - $ 1
Facility closures - 27 - -
Total restructuring costs 1 29 - 1
Impairments and net (gain) loss on sale of long-lived assets
Long-lived assets impairment 14 6 3 50
Long-lived assets net (gain) loss on sales - (5) - 14
Total (gain) loss on long-lived assets 14 1 3 64
Impairments and net (gain) loss on sale of investments
Equity investments impairment 85 88 159 15
Equity investments net (gain) loss on sales (204) (1) (110) (113)
Cost basis investments impairment and gain on sales - - - (40)
Total (gain) loss on investments (119) 87 49 (138)
Western Energy Settlement 59 - - -
Gas supply contract termination - - 28 -
Total 2005 Significant Items impacting EBIT $ (45) $ 117 $ 80 $ (73)
Significant Items impacting EBIT by segment:
Pipeline Group $ -$ (2) $ (1) $ 46
Exploration & Production - 2 - 1
Power 74 89 50 (8)
Field Services (179) 6 31 (112)
Corporate 60 22 - -
Total 2005 Significant Items impacting EBIT $ (45) $ 117 $ 80 $ (73)
(1) Beginning with the first quarter of 2006, we are no longer reporting significant items in the Operating Statistics.
14