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el paso 02_274Q2006Earnings_FINAL_FINAL_bb
This document provides an investor update from El Paso Corporation for the fourth quarter and full year 2006. Key highlights include: - The company reduced gross debt by $2.8 billion in 2006 and had a $1 billion year-over-year swing in profits. - Pipelines saw a 22% increase in earnings from 2005 and set a record. Exploration and production replaced 108% of production. - For the fourth quarter, earnings were adjusted upwards by $122 million due to an alliance capacity buyout. - For the full year, earnings were adjusted upwards by $122 million due to the buyout but adjusted downwards by $159 million due to income tax settlements and $172 million due to production hed
