El Paso Corporation reported financial and operational results for the third quarter of 2007. Earnings per share from continuing operations increased 33% compared to the third quarter of 2006. The company completed its acquisition of Peoples Energy and exploration success in Brazil. Several pipeline expansion projects remain on track to increase the company's natural gas transportation capacity going forward. Overall, the company delivered solid financial results and continues to execute on its strategic growth initiatives.
- The company reported financial and operational results for the first quarter of 2007, with pipeline and E&P results on target.
- Pipeline throughput was up 9% from the first quarter of 2006 due to new supply, expansions, power loads, and colder weather. Several pipeline expansion projects were completed or underway.
- E&P production was on target and a South Texas acquisition was completed for $254 million. Exploration continued in Brazil and the organization's capabilities were increased.
El Paso Corporation reported strong second quarter earnings, with Exploration and Production ahead of target. The company's pipeline group also performed well above the second quarter of last year, supported by increased throughput. El Paso continues to advance its portfolio of committed growth projects across its pipeline network. Overall, the company is on track to achieve its financial and operational targets for 2007.
The Pipeline Group had a strong fourth quarter and 2007. EBIT increased 2% and 7% respectively compared to the prior year. Throughput increased 7% in 2007. Notable events included placing the WIC Kanda project in service and acquiring a 50% stake in Gulf LNG. The group signed a precedent agreement to support expansion of the FGT pipeline and has a committed backlog approaching $4 billion.
El Paso Corporation reported financial and operational results for the first quarter of 2008. Earnings per share were $0.33 compared to $0.18 in the prior year. Pipeline throughput increased 7% due to higher volumes on key systems. Exploration and production volumes grew 8% as lifting costs decreased 14%. The company also completed $598 million in asset divestitures.
Celanese will hold a conference call on October 31, 2006 to discuss its third quarter 2006 earnings. The call will include presentations from Dave Weidman, President and CEO, and John J. Gallagher III, Executive Vice President and CFO. They will discuss Celanese's financial results for the third quarter, business segment highlights, capitalization, guidance for full year 2006, and reconciliation of certain non-GAAP financial measures used by management.
el paso 02_274Q2006Earnings_FINAL_FINAL_bbfinance49
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 $1 billion year-over-year swing in profits.
- Pipelines segment saw record earnings and a 22% increase in earnings from 2005. E&P segment replaced 108% of production primarily through drilling.
- For full year 2006, the company reported $1.75 billion in EBIT and $475 million in net income.
- The company used $2.5 billion in cash for debt reduction in 2006 and reduced net debt to $14.1 billion at the end of the year.
public serviceenterprise group 3Q 2008 slidesfinance20
PSEG reported solid third quarter 2008 earnings, maintaining guidance for the full year. Operating earnings were $476 million compared to $497 million in the prior year quarter. PSEG Power contributed $328 million in operating earnings, while PSE&G contributed $97 million. PSEG Energy Holdings contributed $56 million in operating earnings. PSEG is on track to meet its full year 2008 guidance and has provided guidance of $3.05 to $3.35 per share for 2009, but financial market stress may limit growth to the lower half of the range.
El Paso Corporation reported financial and operational results for the first quarter of 2006. Key highlights included:
- EBIT of $888 million, up significantly from $463 million in the first quarter of 2005.
- Pipelines segment EBIT of $478 million, up 16% year-over-year, driven by growth projects and acquisitions.
- Exploration and Production segment EBIT of $199 million, in line with prior year despite lower production volumes impacted by hurricanes.
- $1.3 billion in gross debt reduction year-to-date through asset sales and cash flow. Balance sheet metrics continue to improve.
- 130 Bcf of 2007 production hedged to provide
- The company reported financial and operational results for the first quarter of 2007, with pipeline and E&P results on target.
- Pipeline throughput was up 9% from the first quarter of 2006 due to new supply, expansions, power loads, and colder weather. Several pipeline expansion projects were completed or underway.
- E&P production was on target and a South Texas acquisition was completed for $254 million. Exploration continued in Brazil and the organization's capabilities were increased.
El Paso Corporation reported strong second quarter earnings, with Exploration and Production ahead of target. The company's pipeline group also performed well above the second quarter of last year, supported by increased throughput. El Paso continues to advance its portfolio of committed growth projects across its pipeline network. Overall, the company is on track to achieve its financial and operational targets for 2007.
The Pipeline Group had a strong fourth quarter and 2007. EBIT increased 2% and 7% respectively compared to the prior year. Throughput increased 7% in 2007. Notable events included placing the WIC Kanda project in service and acquiring a 50% stake in Gulf LNG. The group signed a precedent agreement to support expansion of the FGT pipeline and has a committed backlog approaching $4 billion.
El Paso Corporation reported financial and operational results for the first quarter of 2008. Earnings per share were $0.33 compared to $0.18 in the prior year. Pipeline throughput increased 7% due to higher volumes on key systems. Exploration and production volumes grew 8% as lifting costs decreased 14%. The company also completed $598 million in asset divestitures.
Celanese will hold a conference call on October 31, 2006 to discuss its third quarter 2006 earnings. The call will include presentations from Dave Weidman, President and CEO, and John J. Gallagher III, Executive Vice President and CFO. They will discuss Celanese's financial results for the third quarter, business segment highlights, capitalization, guidance for full year 2006, and reconciliation of certain non-GAAP financial measures used by management.
el paso 02_274Q2006Earnings_FINAL_FINAL_bbfinance49
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 $1 billion year-over-year swing in profits.
- Pipelines segment saw record earnings and a 22% increase in earnings from 2005. E&P segment replaced 108% of production primarily through drilling.
- For full year 2006, the company reported $1.75 billion in EBIT and $475 million in net income.
- The company used $2.5 billion in cash for debt reduction in 2006 and reduced net debt to $14.1 billion at the end of the year.
public serviceenterprise group 3Q 2008 slidesfinance20
PSEG reported solid third quarter 2008 earnings, maintaining guidance for the full year. Operating earnings were $476 million compared to $497 million in the prior year quarter. PSEG Power contributed $328 million in operating earnings, while PSE&G contributed $97 million. PSEG Energy Holdings contributed $56 million in operating earnings. PSEG is on track to meet its full year 2008 guidance and has provided guidance of $3.05 to $3.35 per share for 2009, but financial market stress may limit growth to the lower half of the range.
El Paso Corporation reported financial and operational results for the first quarter of 2006. Key highlights included:
- EBIT of $888 million, up significantly from $463 million in the first quarter of 2005.
- Pipelines segment EBIT of $478 million, up 16% year-over-year, driven by growth projects and acquisitions.
- Exploration and Production segment EBIT of $199 million, in line with prior year despite lower production volumes impacted by hurricanes.
- $1.3 billion in gross debt reduction year-to-date through asset sales and cash flow. Balance sheet metrics continue to improve.
- 130 Bcf of 2007 production hedged to provide
This document provides details on Celanese Corporation's second quarter 2006 earnings conference call, including an agenda with the CEO and CFO as speakers. It also provides financial highlights for Q2 2006 such as an 11% increase in net sales and an 18% rise in operating EBITDA. Celanese issues guidance for full year 2006 of adjusted EPS between $2.50-$2.80.
The document summarizes Celanese Corporation's 1Q 2006 earnings conference call and webcast scheduled for May 9, 2006. It includes an agenda with the CEO and CFO slated to speak. Financial highlights are provided for Celanese's 1Q 2006 results including net sales growth of 12% and diluted adjusted EPS growth of 16% year-over-year. Guidance for full year 2006 adjusted EPS is given in the range of $2.50 to $2.90 per share. Various non-GAAP financial measures are reconciled to the most comparable GAAP measures.
Time Warner provided forward-looking statements about future financial performance that are based on current expectations and subject to uncertainty. Actual results may differ materially from projections. More details on risk factors are in SEC filings. Non-GAAP measures are used to discuss historical performance and future expectations, and reconciliations to GAAP measures are available on the company's website. In Q1 2009, revenues declined 7% to $6.9 billion while adjusted EPS declined 6% to $0.45, and free cash flow declined 12% to $1.3 billion. Networks and Filmed Entertainment saw revenue declines while adjusting operating income increased for Networks and declined for Filmed Entertainment.
Sanjiv Khattri, Executive Vice President and CFO of GMAC Financial Services U...finance8
This document is the transcript from a fixed income investor presentation given by Sanjiv Khattri, Executive Vice President and Chief Financial Officer of GMAC. The presentation summarizes GMAC's financial performance in Q2 2007, including details on results from their auto finance, insurance, and Residential Capital (ResCap) business segments. It provides key metrics on ResCap's mortgage portfolios and credit quality, noting continued challenges from the weak US housing market.
public serviceenterprise group 2Q2007Slidesfinance20
This document provides an earnings conference call transcript for Public Service Enterprise Group (PSEG) for the second quarter of 2007. Some key details include:
- Operating earnings per share for Q2 2007 were $1.15, up from $0.68 in Q2 2006. Year-to-date operating earnings per share were $2.47, up from $1.52.
- PSEG Power saw improved earnings from higher energy and capacity prices. PSE&G's performance improved due to rate relief and normal weather. Holdings earnings declined due to lower spark spreads in Texas and an extended outage in Italy.
- Results are on track to meet full-year earnings guidance and commitments around system
El Paso Corporation reported second quarter 2006 diluted EPS from continuing operations of $0.21, which included a $0.02 gain from production hedges. The company achieved $487 million in EBIT and $1.4 billion in cash flow from operations. El Paso reduced gross debt by $3 billion through July 2006 through strong cash flow and asset sales, bringing net debt down to $14.45 billion. The company made continued progress on legacy legal issues while pipelines, exploration and production, and other businesses performed well during the quarter.
- Ameriprise Financial reported a 14% increase in net income for Q1 2007 to $165 million compared to Q1 2006. Adjusted earnings, which exclude non-recurring separation costs, increased 16% to $220 million.
- Revenues grew 6% to $2.1 billion, driven by 11% growth in management fees and 14% growth in distribution fees. However, net investment income declined 10% due to lower balances in annuity fixed accounts and certificates.
- Earnings growth was achieved through a strategic shift toward fee-based products and greater advisor productivity, though this was partially offset by declines in spread income from annuity and certificate businesses.
public serviceenterprise group library.corporatefinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For the fourth quarter, PSEG reported operating earnings of $250 million compared to $272 million in the prior year quarter. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's fourth quarter operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million, down slightly from $77 million in 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
el paso 11_14_Foshee_BofAConferenceFINALv2(Web)finance49
- El Paso Corporation is an energy company that provides natural gas and related energy products.
- The company has implemented a comprehensive plan to meet its 2009 debt maturities and fund its $8 billion pipeline backlog while preserving opportunities in its exploration and production business.
- El Paso has significant resource potential from unconventional plays like shale gas that could provide long-term growth.
el paso C0A209DE-4313-4A81-8B00-54550DEAC9E8_Barclays_Fixed_Income_032509finance49
El Paso Corporation provides natural gas and related energy products. It has raised its liquidity to $3.3 billion and reduced capital spending thoughtfully in response to market challenges. The company has set 2009 financial targets including EPS of $0.85-1.05 and EBIT of $2.0-2.3 billion. It has a large pipeline backlog that is expected to generate $1.2 billion in incremental EBITDA. El Paso also has significant natural gas reserves and is focusing its $0.9-1.3 billion capital budget on lower-risk exploration and production programs.
John Hopper, Vice President and Treasurer of El Paso Corporation, presented at the Merrill Lynch Leveraged Finance Conference on November 13, 2007. The presentation summarized that El Paso is a meaningful company doing meaningful work and delivering meaningful results. It highlighted the company's two core businesses of interstate pipelines and exploration and production. The pipelines business has a $2 billion project backlog and visible 4-6% EBIT growth. The exploration and production business has rapidly improving results with a balanced portfolio and 5 years of project inventory. El Paso is making progress high-grading its portfolio and has had successful exploration in Brazil.
This document is a Form 10-K annual report filed by Universal Health Services, Inc. with the SEC for the fiscal year ended December 31, 2003. It provides an overview of UHS's business operations, including that it operates acute care hospitals and behavioral health facilities across the US, Puerto Rico, and France. It also summarizes UHS's recent acquisitions and development activities in 2003 and early 2004, which included acquiring or opening several new hospitals. The report includes standard sections for a 10-K filing, such as business descriptions, properties, legal proceedings, market information for common stock, selected financial data, and management discussion.
The document summarizes El Paso Pipeline Group, a leading natural gas pipeline operator in North America. It highlights the company's broad network of pipelines, strong connectivity to markets and supply basins, and $4 billion growth project backlog. The summary also notes the company's focus on key regions like the Northeast, Southeast, Rockies, and Southwest, and its strategy of leveraging LNG experience through Gulf LNG and Elba Island terminal projects.
- El Paso Corporation is an energy company focused on providing natural gas and related energy products.
- The presentation outlines El Paso's vision, assets, growth strategy, and financial outlook. It discusses plans for production growth in key basins like Arklatex through repeatable drilling programs.
- El Paso expects to deliver 8-12% production growth from 2007-2010 through development of its multi-year inventory of drilling opportunities, particularly in U.S. onshore areas like Arklatex and its international assets in Brazil.
Jim Cleary, president of El Paso Western Pipelines, presented on the Ruby Pipeline project at a gas and oil conference. The presentation included forward-looking statements and projections with the required cautionary language about the risk factors that could affect actual results. Cleary outlined the Ruby Pipeline project, explaining why it was needed now to transport gas from the Rockies to markets in California and the Northwest. He provided a map and details of the 680-mile pipeline with a capacity of 1.2 to 2 billion cubic feet per day.
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.
El Paso Corporation provides natural gas and related energy products in North America. It operates 42,000 miles of interstate pipelines and has 2.8 trillion cubic feet of proven natural gas reserves. The company has $8 billion in committed pipeline expansion projects through 2013 to support 10%+ annual EBIT growth. El Paso also plans 8-12% annual production growth through 2010 by developing unconventional gas resources and international exploration.
Universal Health Services is one of the largest hospital management companies in the US. In 2004, revenues grew 16% to $3.9 billion but net income fell 15% due to rising bad debt. UHS is addressing challenges by expanding facilities, investing in new technologies, and focusing on high-quality care. Recent growth strategies included opening new hospitals, expanding existing facilities, and acquiring hospitals in growing markets.
This document provides an overview of Universal Health Services' financial performance in 2002. Key points:
- Net revenues increased 15% to $3.26 billion in 2002 compared to 2001, driven by revenue growth at existing and acquired facilities.
- Operating income increased 17% to $516 million in 2002. Overall operating margins were 15.8% in 2002, compared to 15.6% in 2001.
- Net income increased to $175.4 million in 2002 from $99.7 million in 2001, primarily due to increased operating income from existing and acquired facilities.
- Acute care services revenues grew 10% at existing US/Puerto Rico facilities in 2002, driven by a 6.9
The document provides guidance for the company's 2008 financial year. It summarizes the company's accomplishments in 2007, including reducing debt by over $2.5 billion. It outlines the company's assumptions for 2008 including natural gas and oil hedge positions. The document discusses the company's 2008 capital program and core earnings and cash flow estimates, forecasting net income between $760-835 million and discretionary cash between $235-450 million. It also summarizes the pipeline business unit's accomplishments in 2007 and growth backlog increasing to $3 billion.
El Paso Corporation is focused on growing its pipeline and E&P businesses in a sustainable manner over the long term. The company has a large committed growth backlog for its pipeline segment of nearly $4 billion. In its E&P segment, El Paso expects 8-12% production growth from 2007-2010 through development of its multi-year drilling inventory. Overall, El Paso aims to deliver meaningful and sustainable long-term growth through its pipeline and E&P operations.
The document discusses Spectra Energy Corp's non-GAAP financial measures that will be discussed in an earnings release call on August 6, 2008. It provides reconciliations of ongoing diluted EPS, ongoing net income, ongoing EBIT, EBITDA for various segments to the most comparable GAAP measures. These non-GAAP measures exclude special items that management believes are not recurring in order to provide a more meaningful evaluation of the company's ongoing operating performance.
This document provides details on Celanese Corporation's second quarter 2006 earnings conference call, including an agenda with the CEO and CFO as speakers. It also provides financial highlights for Q2 2006 such as an 11% increase in net sales and an 18% rise in operating EBITDA. Celanese issues guidance for full year 2006 of adjusted EPS between $2.50-$2.80.
The document summarizes Celanese Corporation's 1Q 2006 earnings conference call and webcast scheduled for May 9, 2006. It includes an agenda with the CEO and CFO slated to speak. Financial highlights are provided for Celanese's 1Q 2006 results including net sales growth of 12% and diluted adjusted EPS growth of 16% year-over-year. Guidance for full year 2006 adjusted EPS is given in the range of $2.50 to $2.90 per share. Various non-GAAP financial measures are reconciled to the most comparable GAAP measures.
Time Warner provided forward-looking statements about future financial performance that are based on current expectations and subject to uncertainty. Actual results may differ materially from projections. More details on risk factors are in SEC filings. Non-GAAP measures are used to discuss historical performance and future expectations, and reconciliations to GAAP measures are available on the company's website. In Q1 2009, revenues declined 7% to $6.9 billion while adjusted EPS declined 6% to $0.45, and free cash flow declined 12% to $1.3 billion. Networks and Filmed Entertainment saw revenue declines while adjusting operating income increased for Networks and declined for Filmed Entertainment.
Sanjiv Khattri, Executive Vice President and CFO of GMAC Financial Services U...finance8
This document is the transcript from a fixed income investor presentation given by Sanjiv Khattri, Executive Vice President and Chief Financial Officer of GMAC. The presentation summarizes GMAC's financial performance in Q2 2007, including details on results from their auto finance, insurance, and Residential Capital (ResCap) business segments. It provides key metrics on ResCap's mortgage portfolios and credit quality, noting continued challenges from the weak US housing market.
public serviceenterprise group 2Q2007Slidesfinance20
This document provides an earnings conference call transcript for Public Service Enterprise Group (PSEG) for the second quarter of 2007. Some key details include:
- Operating earnings per share for Q2 2007 were $1.15, up from $0.68 in Q2 2006. Year-to-date operating earnings per share were $2.47, up from $1.52.
- PSEG Power saw improved earnings from higher energy and capacity prices. PSE&G's performance improved due to rate relief and normal weather. Holdings earnings declined due to lower spark spreads in Texas and an extended outage in Italy.
- Results are on track to meet full-year earnings guidance and commitments around system
El Paso Corporation reported second quarter 2006 diluted EPS from continuing operations of $0.21, which included a $0.02 gain from production hedges. The company achieved $487 million in EBIT and $1.4 billion in cash flow from operations. El Paso reduced gross debt by $3 billion through July 2006 through strong cash flow and asset sales, bringing net debt down to $14.45 billion. The company made continued progress on legacy legal issues while pipelines, exploration and production, and other businesses performed well during the quarter.
- Ameriprise Financial reported a 14% increase in net income for Q1 2007 to $165 million compared to Q1 2006. Adjusted earnings, which exclude non-recurring separation costs, increased 16% to $220 million.
- Revenues grew 6% to $2.1 billion, driven by 11% growth in management fees and 14% growth in distribution fees. However, net investment income declined 10% due to lower balances in annuity fixed accounts and certificates.
- Earnings growth was achieved through a strategic shift toward fee-based products and greater advisor productivity, though this was partially offset by declines in spread income from annuity and certificate businesses.
public serviceenterprise group library.corporatefinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For the fourth quarter, PSEG reported operating earnings of $250 million compared to $272 million in the prior year quarter. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's fourth quarter operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million, down slightly from $77 million in 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
el paso 11_14_Foshee_BofAConferenceFINALv2(Web)finance49
- El Paso Corporation is an energy company that provides natural gas and related energy products.
- The company has implemented a comprehensive plan to meet its 2009 debt maturities and fund its $8 billion pipeline backlog while preserving opportunities in its exploration and production business.
- El Paso has significant resource potential from unconventional plays like shale gas that could provide long-term growth.
el paso C0A209DE-4313-4A81-8B00-54550DEAC9E8_Barclays_Fixed_Income_032509finance49
El Paso Corporation provides natural gas and related energy products. It has raised its liquidity to $3.3 billion and reduced capital spending thoughtfully in response to market challenges. The company has set 2009 financial targets including EPS of $0.85-1.05 and EBIT of $2.0-2.3 billion. It has a large pipeline backlog that is expected to generate $1.2 billion in incremental EBITDA. El Paso also has significant natural gas reserves and is focusing its $0.9-1.3 billion capital budget on lower-risk exploration and production programs.
John Hopper, Vice President and Treasurer of El Paso Corporation, presented at the Merrill Lynch Leveraged Finance Conference on November 13, 2007. The presentation summarized that El Paso is a meaningful company doing meaningful work and delivering meaningful results. It highlighted the company's two core businesses of interstate pipelines and exploration and production. The pipelines business has a $2 billion project backlog and visible 4-6% EBIT growth. The exploration and production business has rapidly improving results with a balanced portfolio and 5 years of project inventory. El Paso is making progress high-grading its portfolio and has had successful exploration in Brazil.
This document is a Form 10-K annual report filed by Universal Health Services, Inc. with the SEC for the fiscal year ended December 31, 2003. It provides an overview of UHS's business operations, including that it operates acute care hospitals and behavioral health facilities across the US, Puerto Rico, and France. It also summarizes UHS's recent acquisitions and development activities in 2003 and early 2004, which included acquiring or opening several new hospitals. The report includes standard sections for a 10-K filing, such as business descriptions, properties, legal proceedings, market information for common stock, selected financial data, and management discussion.
The document summarizes El Paso Pipeline Group, a leading natural gas pipeline operator in North America. It highlights the company's broad network of pipelines, strong connectivity to markets and supply basins, and $4 billion growth project backlog. The summary also notes the company's focus on key regions like the Northeast, Southeast, Rockies, and Southwest, and its strategy of leveraging LNG experience through Gulf LNG and Elba Island terminal projects.
- El Paso Corporation is an energy company focused on providing natural gas and related energy products.
- The presentation outlines El Paso's vision, assets, growth strategy, and financial outlook. It discusses plans for production growth in key basins like Arklatex through repeatable drilling programs.
- El Paso expects to deliver 8-12% production growth from 2007-2010 through development of its multi-year inventory of drilling opportunities, particularly in U.S. onshore areas like Arklatex and its international assets in Brazil.
Jim Cleary, president of El Paso Western Pipelines, presented on the Ruby Pipeline project at a gas and oil conference. The presentation included forward-looking statements and projections with the required cautionary language about the risk factors that could affect actual results. Cleary outlined the Ruby Pipeline project, explaining why it was needed now to transport gas from the Rockies to markets in California and the Northwest. He provided a map and details of the 680-mile pipeline with a capacity of 1.2 to 2 billion cubic feet per day.
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.
El Paso Corporation provides natural gas and related energy products in North America. It operates 42,000 miles of interstate pipelines and has 2.8 trillion cubic feet of proven natural gas reserves. The company has $8 billion in committed pipeline expansion projects through 2013 to support 10%+ annual EBIT growth. El Paso also plans 8-12% annual production growth through 2010 by developing unconventional gas resources and international exploration.
Universal Health Services is one of the largest hospital management companies in the US. In 2004, revenues grew 16% to $3.9 billion but net income fell 15% due to rising bad debt. UHS is addressing challenges by expanding facilities, investing in new technologies, and focusing on high-quality care. Recent growth strategies included opening new hospitals, expanding existing facilities, and acquiring hospitals in growing markets.
This document provides an overview of Universal Health Services' financial performance in 2002. Key points:
- Net revenues increased 15% to $3.26 billion in 2002 compared to 2001, driven by revenue growth at existing and acquired facilities.
- Operating income increased 17% to $516 million in 2002. Overall operating margins were 15.8% in 2002, compared to 15.6% in 2001.
- Net income increased to $175.4 million in 2002 from $99.7 million in 2001, primarily due to increased operating income from existing and acquired facilities.
- Acute care services revenues grew 10% at existing US/Puerto Rico facilities in 2002, driven by a 6.9
The document provides guidance for the company's 2008 financial year. It summarizes the company's accomplishments in 2007, including reducing debt by over $2.5 billion. It outlines the company's assumptions for 2008 including natural gas and oil hedge positions. The document discusses the company's 2008 capital program and core earnings and cash flow estimates, forecasting net income between $760-835 million and discretionary cash between $235-450 million. It also summarizes the pipeline business unit's accomplishments in 2007 and growth backlog increasing to $3 billion.
El Paso Corporation is focused on growing its pipeline and E&P businesses in a sustainable manner over the long term. The company has a large committed growth backlog for its pipeline segment of nearly $4 billion. In its E&P segment, El Paso expects 8-12% production growth from 2007-2010 through development of its multi-year drilling inventory. Overall, El Paso aims to deliver meaningful and sustainable long-term growth through its pipeline and E&P operations.
The document discusses Spectra Energy Corp's non-GAAP financial measures that will be discussed in an earnings release call on August 6, 2008. It provides reconciliations of ongoing diluted EPS, ongoing net income, ongoing EBIT, EBITDA for various segments to the most comparable GAAP measures. These non-GAAP measures exclude special items that management believes are not recurring in order to provide a more meaningful evaluation of the company's ongoing operating performance.
el paso D7A9D355-197F-480A-8FF4-86834B0DD876_EP_4Q_2008_Earnings_FINAL(Color...finance49
El Paso Corporation provides natural gas and related energy products. In 2008, it accomplished several key projects including placing 7 pipeline projects in service. However, it faces challenges from low commodity prices and uncertain capital markets. Key priorities are constructing its pipeline backlog on time and budget, and focusing exploration and production investments to preserve opportunities and maximize returns. El Paso increased its liquidity position and reduced borrowing costs through several financing transactions. It has excellent hedges for 2009 natural gas production and established initial hedges for 2010. Guidance for 2009 assumes $2.7-3.1 billion in capital spending and targets EPS of $0.85-1.05, EBIT of $2.0-2.3 billion,
Holly Corporation is an independent petroleum refiner and marketer that operates refineries in New Mexico and Utah. In 2005, Holly delivered record earnings of $167.7 million, significantly higher than its 2004 earnings of $83.9 million, due to favorable refining margins. Key accomplishments for Holly in 2005 included repurchasing $100 million of its own stock, completing a $17 million project to upgrade production at its New Mexico refinery, and selling its intermediate pipelines to Holly Energy Partners. Looking ahead, Holly plans further expansion projects at its refineries and is considering new growth opportunities.
el paso F01E85AA-D20E-424D-B73A-588DF65EC38A_Proxy_Statement_2009finance49
The document announces El Paso Corporation's 2009 Annual Meeting of Stockholders. The meeting will be held on May 6, 2009 at the Doubletree Hotel Houston Downtown in Houston, Texas. Stockholders will vote on the election of 11 directors, approval of amendments to the 2005 Omnibus Incentive Compensation Plan and Employee Stock Purchase Plan, and ratification of Ernst & Young LLP as the independent registered public accounting firm. Three directors are retiring pursuant to the company's mandatory retirement policy. Stockholders are encouraged to vote and participate in the meeting.
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.
El Paso Corporation reported strong financial results for the second quarter of 2007, with EBIT of $470 million and diluted EPS of $0.22. Exploration and Production was ahead of target for the quarter and on target for the full year. The Pipelines business was also ahead of target for the quarter and on target for the year with more opportunities on the horizon. Adjusted diluted EPS, excluding one-time costs, was $0.29. The company remains focused on delivering meaningful results through its core businesses of Pipelines and Exploration and Production.
- The company reported financial and operational results for the first quarter of 2007, with pipeline and E&P results on target.
- Pipeline throughput was up 9% from the first quarter of 2006 due to new supply, expansions, power loads, and colder weather. Several pipeline expansion projects were underway.
- E&P production was on target and a South Texas acquisition was completed for $254 million. Exploration continued in Brazil and the production program was on budget.
The Pipeline Group had a strong fourth quarter and 2007. EBIT increased 2% and 7% respectively compared to the prior year. Throughput increased 7% in 2007. Notable events included placing the WIC Kanda project in service and acquiring a 50% stake in Gulf LNG. The group signed a precedent agreement to support expansion of the FGT pipeline and has a committed backlog approaching $4 billion.
El Paso Corporation reported financial and operational results for the first quarter of 2008. Key highlights included solid earnings of $0.33 per share, an 8% increase in exploration and production volumes, and a 5% rise in pipeline earnings. The company also made progress on several growth projects and completed $598 million in divestitures. However, results were impacted by non-cash changes in fair values of certain derivatives. Overall, both the pipelines and exploration & production segments saw higher volumes and earnings compared to the prior year quarter.
el paso 02_274Q2006Earnings_FINAL_FINAL_bbfinance49
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
- CNO Financial Group reported its financial and operating results for the second quarter of 2012, ended June 30, 2012.
- Key highlights included operating earnings increasing 22% year-over-year and sales growth of 6% over the second quarter of 2011.
- The company continued to generate and proactively deploy significant amounts of excess capital through share buybacks, initiating a common stock dividend, and improving key financial ratios.
This document provides forward-looking statements and non-GAAP financial information for Monsanto's investor day on November 10, 2005. It includes reconciliations of free cash flow, non-GAAP EPS, and return on capital for fiscal years 2004-2007. The document also notes that references to fiscal years refer to Monsanto's year ending August 31 and lists several of Monsanto's trademarks.
El Paso Corporation reported second quarter 2006 earnings of $0.21 per diluted share from continuing operations. Key highlights included $3 billion in gross debt reduction through July 31, year-to-date capital expenditures of $1.024 billion, and continued strong operating cash flow of $1.421 billion for the first half of 2006. The company's pipelines business continued to outperform while exploration and production achieved a second consecutive quarter of organic production growth.
public serviceenterprise group 2Q_2008_Webcast_Slides_FINALfinance20
PSEG reported lower net income for Q2 2008 compared to Q2 2007, primarily due to a $490 million pre-tax charge for lease transaction reserves. However, operating earnings increased from $281 million in Q2 2007 to $324 million in Q2 2008, driven by stronger energy markets and operations at PSEG Power. PSEG maintained its full-year 2008 operating earnings guidance range of $2.80-$3.05 per share. The company also improved its risk profile through the sale of SAESA and establishing substantial reserves to address potential tax risks related to a prior lease transaction.
public serviceenterprise group 2Q_2008_Webcast_Slides_FINALfinance20
PSEG reported lower earnings for Q2 2008 compared to Q2 2007. Operating earnings were $324 million versus $281 million last year. However, the company recorded a $490 million reserve related to a lease transaction, resulting in a reported net loss of $150 million. Key drivers for the lower operating results included higher O&M costs and depreciation expense partially offset by improved performance at PSEG Power due to contract roll-offs and higher energy prices. PSEG maintained its full-year earnings guidance range of $2.80-$3.05 per share.
public serviceenterprise group library.corporate-irfinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For Q4 2008, PSEG reported operating earnings of $250 million compared to $272 million in Q4 2007. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's Q4 operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million compared to $77 million in Q4 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
This document provides a summary of PSEG's 4th quarter and full-year 2008 earnings conference call. It discusses PSEG meeting its 2008 earnings guidance despite challenges. Key points include PSEG focusing on operational excellence, laying a foundation for the future through carbon abatement and infrastructure programs, and strengthening its financial position by reducing debt and recognizing reserves for tax risks. The document also provides guidance for 2009 operating earnings of $3.00-$3.25 per share.
public serviceenterprise group Investor library.corporatefinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For the fourth quarter, PSEG reported operating earnings of $250 million compared to $272 million in the prior year quarter. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's fourth quarter operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million, down slightly from $77 million in 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
public serviceenterprise grouplibrary.corporate-ifinance20
This document provides a summary of PSEG's 4th quarter and full-year 2008 earnings conference call. It discusses PSEG meeting its 2008 earnings guidance despite challenges. Key points include PSEG focusing on operational excellence, laying a foundation for the future through carbon abatement and infrastructure programs, and strengthening its financial position by reducing debt and recognizing reserves for tax risks. The document also provides guidance for 2009 operating earnings of $3.00-$3.25 per share.
public serviceenterprise group library.corporate-irfinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For Q4 2008, PSEG reported operating earnings of $250 million compared to $272 million in Q4 2007. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's Q4 operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million compared to $77 million in Q4 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
public serviceenterprise group library.corporatefinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For Q4 2008, PSEG reported operating earnings of $250 million compared to $272 million in Q4 2007. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's Q4 operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million, down slightly from $77 million in Q4 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For the fourth quarter, PSEG reported operating earnings of $250 million compared to $272 million in the prior year quarter. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's fourth quarter operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million, down slightly from $77 million in 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
public serviceenterprise group Investor library.corporatefinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For the fourth quarter, PSEG reported operating earnings of $250 million compared to $272 million in the prior year quarter. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's fourth quarter operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million, down slightly from $77 million in 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
public serviceenterprise grouplibrary.corporate-ifinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For the fourth quarter, PSEG reported operating earnings of $250 million compared to $272 million in the prior year quarter. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's fourth quarter operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million, down slightly from $77 million in 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
public serviceenterprise group library.corporate-irfinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For the fourth quarter, PSEG reported operating earnings of $250 million compared to $272 million in the prior year quarter. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's operating earnings were relatively flat quarter-over-quarter, while PSE&G's operating earnings declined slightly due to higher energy costs and lower margins, offset partially by O&M savings. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
Similar to el paso 3Q2007Earnings_FINALv2(B&WPrint) (20)
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 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.
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el paso 3Q2007Earnings_FINALv2(B&WPrint)
1. a meaningful company
doing meaningful work
delivering meaningful results
Third Quarter 2007
Financial & Operational Update
November 6, 2007
2. Cautionary Statement
Regarding Forward-looking Statements
This presentation includes forward-looking statements and projections, made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. The company has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current,
reasonable, and complete. However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations
expressed in this presentation, including, without limitation, changes in unaudited and/or unreviewed financial information; our ability to implement and achieve our
objectives in the 2007 plan, including achieving our debt-reduction targets, earnings and cash flow targets; changes in reserve estimates based upon internal and third
party reserve analyses; the effects of any changes in accounting rules and guidance; our ability to meet production volume targets in our E&P segment; uncertainties
and potential consequences associated with the outcome of governmental investigations, including, without limitation, those related to the reserve revisions; outcome
of litigation; our ability to comply with the covenants in our various financing documents; our ability to obtain necessary governmental approvals for proposed pipeline
projects and our ability to successfully construct and operate such projects; the risks associated with recontracting of transportation commitments by our pipelines;
regulatory uncertainties associated with pipeline rate cases; actions by the credit rating agencies; the successful close of our financing transactions; our ability to
successfully form, market, and operate a master limited partnership, our ability to successfully exit the energy trading business; our ability to close our announced
asset sales on a timely basis; changes in commodity prices and basis differentials for oil, natural gas, and power and relevant basis spreads; inability to realize
anticipated synergies and cost savings associated with restructurings and divestitures on a timely basis; general economic and weather conditions in geographic
regions or markets served by the company and its affiliates, or where operations of the company and its affiliates are located; the uncertainties associated with
governmental regulation; political and currency risks associated with international operations of the company and its affiliates; competition; and other factors described
in the company’s (and its affiliates’) Securities and Exchange Commission filings. While the company makes these statements and projections in good faith, neither the
company nor its management can guarantee that anticipated future results will be achieved. Reference must be made to those filings for additional important factors
that may affect actual results. The company assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-
looking statements made by the company, whether as a result of new information, future events, or otherwise.
Certain of the production information in this presentation include the production attributable to El Paso’s 49 percent interest in Four Star Oil & Gas Company (“Four
Star”). El Paso’s Supplemental Oil and Gas disclosures, which are included in its Annual Report on Form 10-K, reflect its proportionate share of the proved reserves of
Four Star separate from its consolidated proved reserves. In addition, the proved reserves attributable to its proportionate share of Four Star represent estimates
prepared by El Paso and not those of Four Star.
Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only
proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing
economic and operating conditions. We use certain terms in this presentation that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S.
Investors are urged to consider closely the disclosures regarding proved reserves in this presentation and the disclosures contained in our Form 10-K for the year
ended December 31, 2006, File No. 001-14365, available by writing; Investor Relations, El Paso Corporation, 1001 Louisiana St., Houston, TX 77002. You can also obtain
this form from the SEC by calling 1-800-SEC-0330.
With regard to any discussion of a potential pipeline master limited partnership, a registration statement relating to such securities has been filed with the Securities
and Exchange Commission but has not yet become effective. The securities may not be sold, nor may offers to buy be accepted, prior to the time the registration
statement becomes effective. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations of offers
to buy, or any sales of securities will only be made in accordance with the registration requirements of the Securities Act of 1933 or an exemption therefrom.
Non-GAAP Financial Measures
EBITDA is defined as EBIT, depreciation, depletion and amortization. El Paso’s business operations consist of both consolidated businesses as well as investments in
unconsolidated affiliates. This non-GAAP financial measure may not be comparable to similarly titled measurements used by other companies and should not be used
as a substitute for net income, earnings per share or other GAAP operating measurements.
2
3. Our Purpose
El Paso Corporation provides
natural gas and related energy
products in a safe, efficient, and
dependable manner
3
4. Our Vision & Values
the place to work
the neighbor to have
the company to own
4
5. Continued Progress in Core Businesses
• EPS from continuing operations up 33 percent
• Operational results ahead of target
• Completed Peoples acquisition
• Significant exploration success in Brazil
• Substantial growth opportunities
• Filed registration statement for MLP—El Paso
Pipeline Partners
– On track for 4Q IPO
5
7. Financial Results
$ Millions, Except EPS
Three Months Ended
September 30,
2007 2006
EBIT $ 483 $ 307
Interest and debt expense (228) (294)
Income before income taxes 255 13
Income taxes 100 (98)
Income from continuing operations 155 111
Discontinued operations, net of taxes – 24
Net Income 155 135
Preferred stock dividends 9 9
Net income available to common stockholders $ 146 $ 126
Diluted EPS from continuing operations $ 0.20 $0.15
Diluted EPS from discontinued operations – 0.03
Total diluted EPS $ 0.20 $0.18
Diluted shares (millions) 759 697
7
9. Business Unit Contribution
$ Millions
Three Months Ended
September 30, 2007
Cash Capex1
EBIT DD&A EBITDA
Core Business
Pipelines $ 275 $ 94 $ 318
$ 369
Exploration & Production 232 194 1,264
426
Other Business
Marketing (8) – –
(8)
Power (67) 1 –
(66)
(6)2
Corporate & Other 51 4 55
Total $ 483 $293 $1,576
$ 776
Adjusted Pipeline EBITDA: $403 MM3
1Includesacquisitions
2Insurance recoveries
3Adjusted to reflect 50% interest of Citrus EBITDA on a proportional basis; see
appendix for details 9
10. Cash Flow Summary
$ Millions
Nine Months Ended
September 30,
2007 2006
Income from continuing operations $ 276 $ 546
Non-cash adjustments 1,293 846
Subtotal 1,569 1,392
Working capital changes and other (76) 340*
Cash flow from continuing operations 1,493 1,732
Discontinued operations (31) 280
Cash flow from operations $1,462 $2,012
$1,796 $ 1,510
Capital expenditures
$1,182 $ –
Acquisitions
$ 112 $ 108
Dividends paid
*Includes $896 MM return of margin collateral 10
11. Marketing Financial Results
$ Millions
Three Months Ended
September 30,
2007 2006
EBIT
MTM for production-related derivatives $ 15 $ 67
MTM for other natural gas derivative contracts (4) (186)
MTM power contracts (11) 27
Settlements, demand charges, and other (9) (13)
Operating expenses and other income 1 (3)
EBIT $ (8) $(108)
11
12. 2007 and 2008 Natural Gas
Hedge Program
Positions as of September 30, 2007
(Contract Months October 2007 – Forward)
36 TBtu
Average cap $11.25/MMBtu
Ceiling
14 TBtu 22 TBtu 22 TBtu
2007 $8.00 floor/ $7.66 $7.50 floor
$16.89 ceiling fixed price
Floors
58 TBtu
Average floor $7.68/MMBtu
Balance at
Market Price
137 TBtu
Average cap $10.06/MMBtu
Ceiling
104 TBtu 33 TBtu
2008 $8.00 floor/ $7.65
$10.82 ceiling fixed price
Floors
137 TBtu
Average floor $7.92/MMBtu
12
Note: See full Production-Related Derivative Schedule in Appendix
13. El Paso Pipeline Partners
• Filed registration statement with SEC
• Working with SEC to finalize registration
• On track for 4Q IPO
13
14. Continued Financing Progress
Interest Expense
Reducing Costs
• 3Q interest expense down
$941
22% vs. 2006
$742
Adding Liquidity
• Upsized EPEP revolver
– $500 MM $1 billion
– Maturity: 2012 $294
$228
• Upsized unsecured L/C facility
– $150 MM $300 MM at 9/30
– $500 MM today
3Q 3Q YTD YTD
– Maturity: 2009
2006 2007 2006 2007
14
16. Highlights
• Excellent 3Q results—9% EBIT increase from
3Q 2006
• Throughput continues upward trend
• EPNG rate case approved by FERC
• Continued progress on expansion projects
– FERC approval on SESH and Elba expansion
16
17. Pipeline Group Financial Results
$ Millions
Three Months Ended
September 30,
2007 2006
EBIT $ 275 $ 253
Capital expenditures* $ 318 $ 248
Total throughput (BBtu/d)
100% owned 16,576 15,920
Equity investments 1,936 1,850
Total throughput 18,512 17,770
Note: Amounts do not include ANR and related assets which were sold 2/22/07
*Includes hurricane-related capital, net of proceeds, of $21 MM in 3Q 2007 and
$39 MM in 3Q 2006 17
18. Continued Throughput Increase
% Increase YTD 2007 vs. YTD 2006
Power loads
TGP 3%
Power loads
7%
SNG
Unchanged
EPNG
Rockies supply,
expansions,
16%
CIG
colder weather
6% overall increase
18
19. Advancing $2 Billion of
Committed Growth Projects
$ Millions
2007 2008–2009 2010 & Beyond
In-service: WIC Kanda Lateral SNG SESH Phase II
SNG Cypress Phase I TGP Essex/Middlesex SNG South System III
TGP LA Deepwater Link Cheyenne Plains—Coral Elba Expansion III
& Elba Express
TGP Triple T CIG High Plains Pipeline
& Storage (50%)
CIG Raton Basin
WIC Medicine Bow
TGP Northeast ConneXion
SNG Cypress Phase II
In-service by year-end: SNG SESH Phase I
LPG Burgos Pipeline (50%) TGP Carthage
$60* $580 $1,440
Total capital
*Projects not yet in-service 19
20. TGP Louisiana Deepwater Link
AL
MS
LA
TGP
Independence Trail
Pipeline
Independence Hub
• Current Production ~700 MMcf/d
• Connected solely to TGP
• Anticipated peak production up to 1 Bcf/d
20
21. TGP Northeast ConneXion—New England
• 55,400 HP at 7 locations
• Capital: $122 MM VT NH
NY
• Capacity: 133 MMcf/d
MA
• Fully subscribed
• In-service: Nov. 2007
New Station
CT
NJ
PA
Expanding capacity to connect Gulf Coast
supplies with New England markets
21
23. Exploration &
Production
a meaningful company doing meaningful work delivering meaningful results 23
24. Third Quarter Highlights
• Production and capital on target
• Unit cash cost improvement
• Portfolio high grading on track
– Peoples acquisition closed
– Divestiture process underway
• Successful Brazil exploration wells
We continue to deliver on our commitments
24
25. E&P Results
$ Millions
Three Months Ended
September 30,
2007 2006
EBIT1 $ 232 $ 141
Capital expenditures $ 349 $ 321
Acquisition capital $ 911 $1
Production (MMcfe/d) 848 810
Consolidated volumes 787 744
Four Star volumes 61 66
Production costs ($/Mcfe)2 $1.09 $1.35
General and administrative expenses ($/Mcfe) 0.64 0.57
Taxes other than production & income ($/Mcfe) 0.04 0.03
Total cash costs ($/Mcfe)3 $1.95
$1.77
1Does not include $26 MM benefit from cash settlements on production-related derivatives in Marketing
segment in 2007 and $19 MM in 2006
2Includes lease operating costs and production-related taxes
3Excludes costs and production associated with equity investment in Four Star
25
26. Production on Target
MMcfe/d
848
857
830 820
810
14
14
17 16
23
202 206
182
209
189
202 205
189
182
183
433
422 423
439
415
3Q 2006 4Q 2006 1Q 2007 2Q 2007 3Q 2007
Onshore TGC GOM/SLA International
4Q 2007 estimate 840-850 excluding Peoples
26
Note: Includes proportionate share of Four Star equity volumes
27. Improved E&P Cash Costs
$/Mcfe
$1.99 $1.92
$1.86 $0.03
$1.77
$0.06
$0.03
$0.04
$0.69 $0.68
$0.59
$0.64
$0.32
$0.29 $0.33 $0.26
$0.95 $0.95 $0.85 $0.83
FY 2006 1Q 2007 2Q 2007 3Q 2007
Direct Lifting Costs Production Taxes
General & Administrative Taxes Other Than Production & Income
27
28. Continued Drilling Success
YTD
Actual
Gross Wells
Success Rate
Completed
High
5 40%
GOM Int'l
(Pc<40%) Expl. Expl.
Risk
GOM Ons. S. TX Int'l
Med 26 77%
Dev. Expl. Expl. Dev.
Low Onshore S. TX
511 99%
Dev. Dev.
(Pc>80%)
98% success rate YTD
28
29. Portfolio High-Grading Progress Update
• Peoples acquisition successfully closed
• Integration underway with high level of activity
• U.S. divestiture package to market
– Up to 300 Bcfe proved
– Bids due 4Q 2007 with closing expected 1Q 2008
• Brazil sell-down
– Sell up to 50% non-operated working interest in BM-CAL4
– Bids due 4Q 2007 with closing expected 1H 2008
29
30. Pinaúna Project Update
Pinaúna Field
(BAS-64)
1,350 acres
• Successfully
expanded field
BAS-64
Pinaúna
• Completed drilling
POD BAS-74
and testing
-2,380 m OWC
area
BAS-73
• Unrisked resource
potential up to
90 MMBOE
Açaí-1
Cacau-1
-2,420 m OWC Brazil
Camamu
Sergi depth 1 3
km
30
31. Espirito Santo Bia/Camarupim Discovery
• Successfully finished and tested
6-ESS-168 well
Brazil
• Established connectivity to
4-ESS-164A well
Espirito
• Currently drilling 3-ESS-177
Santo
northern appraisal well
m
Petrobras oper WI 65%
m
El Paso WI 35% Petrobras oper WI 65%
El Paso WI 35%
Appraisal well
m
3-ESS-177
Bia discovery
6-ESS-168
Petrobras oper WI 100%
10 km
31
32. E&P Summary
• Continued strong performance in 3Q
– Solid production
– Capital program on plan
– Cash cost improvement
• High grading portfolio
– Integrating Peoples acquisition
– Divestiture process underway
• Successful Brazil exploration wells
32
33. Primed for a Strong Finish
• MLP IPO on schedule
• 2007 5th consecutive year of improved earnings
• Growth in both businesses
– Organic
– Acquisitions
• Hitting targets
Building platform for sustainable growth
33
35. Disclosure of Non-GAAP
Financial Measures
The SEC’s Regulation G applies to any public disclosure or release of material information that includes a non-GAAP
financial measure. In the event of such a disclosure or release, Regulation G requires (i) the presentation of the most
directly comparable financial measure calculated and presented in accordance with GAAP and (ii) a reconciliation of the
differences between the non-GAAP financial measure presented and the most directly comparable financial measure
calculated and presented in accordance with GAAP. The required presentations and reconciliations are attached.
Additional detail regarding non-GAAP financial measures can be reviewed in El Paso’s full operating statistics, which
will be posted at www.elpaso.com in the Investors section.
El Paso uses the non-GAAP financial measure “earnings before interest expense and income taxes” or “EBIT” to assess
the operating results and effectiveness of the company and its business segments. The company defines EBIT as net
income (loss) adjusted for (i) items that do not impact its income (loss) from continuing operations, such as
extraordinary items, discontinued operations, and the impact of accounting changes; (ii) income taxes; and (iii) interest
and debt expense. The company excludes interest and debt expense so that investors may evaluate the company’s
operating results without regard to its financing methods or capital structure. EBITDA is defined as EBIT, depreciation,
depletion and amortization. El Paso’s business operations consist of both consolidated businesses as well as
investments in unconsolidated affiliates. As a result, the company believes that EBIT and EBITDA, which includes the
results of both these consolidated and unconsolidated operations, is useful to its investors because it allows them to
evaluate more effectively the performance of all of El Paso’s businesses and investments. Exploration and Production
per-unit total cash costs or cash operating costs equal total operating expenses less DD&A and cost of products and
services divided by total production. Adjusted EPS is earnings per share from continuing operations excluding
Brazilian power impairments, Case Corporation indemnity, crude oil trading liability, debt repurchase costs, and MTM
losses or gains on the production-related derivatives in our Marketing segment. It is useful in analyzing the company’s
on-going earnings potential.
El Paso believes that the non-GAAP financial measures described above are also useful to investors because these
measurements are used by many companies in the industry as a measurement of operating and financial performance
and are commonly employed by financial analysts and others to evaluate the operating and financial performance of the
company and its business segments and to compare the operating and financial performance of the company and its
business segments with the performance of other companies within the industry.
These non-GAAP financial measures may not be comparable to similarly titled measurements used by other companies
and should not be used as a substitute for net income, earnings per share or other GAAP operating measurements.
35
38. Financial Results
$ Millions, Except EPS
Year-to-date Ended
September 30,
2007 2006
EBIT $1,169 $1,501
Interest & debt expense (742) (941)
Income before income taxes 427 560
Income taxes 151 14
Income from continuing operations 276 546
Discontinued operations, net of taxes 674 95
Net Income 950 641
Preferred stock dividends 28 28
Net income available to common stockholders $ 922 $ 613
$ 0.35
Diluted EPS from continuing operations $ 0.74
0.96
Diluted EPS from discontinued operations 0.13
$ 1.31
Total diluted EPS $ 0.87
699
Diluted shares (millions) 734
38
39. 2007 Analysis of
Working Capital and Other Changes
$ Millions
Nine Months Ended
September 30, 2007
Margin collateral $ 83
Changes in price risk management activities 60
Settlements of derivative instruments (123)
Net changes in trade receivable/payable (27)
Settlement of liabilities (211)
Other 142
Total working capital changes & other $ (76)
39
40. Items Impacting YTD 2007 Results
$ Millions, Except EPS
Pre-tax After-tax EPS
Continuing operations $ 427 $ 276 $ 0.35
Adjustments1
Brazilian power impairments $ 65 $ 65 0.09
Crude oil trading liability $ (77) $ (49) (0.07)
Case Corporation indemnity $ 11 $ 7 0.01
Debt repurchase costs $ 287 $ 184 0.26
MTM loss on production-related derivatives $ 63 $ 40 0.06
Effect of change in number of diluted shares2 (0.01)
Adjusted EPS—Continuing operations $ 0.69
Discontinued operations (ANR) $ 1,043 $ 674 $ 0.96
Adjustments
Gain on sale of ANR-related assets $ (1,002) $ (648) (0.93)
Debt repurchase costs (ANR) 0.02
$ 19 $ 12
Adjusted EPS—Discontinued operations (ANR) $ 0.05
1All adjustments except Brazilian power impairments assume a 36% tax rate
2Adjustments to pro forma net income result in an increase in dilutive shares to 757 MM 40
41. Business Unit Contribution
$ Millions
Year-to-date Ended
September 30, 2007
Cash Capex1
EBIT DD&A EBITDA
Core Business
Pipelines $ 957 $279 $ 1,236 $ 720
Exploration & Production 646 553 1,199 2,256
Other Business
Marketing (138) 2 (136) –
Power (33) 1 (32) –
Corporate & Other
Debt repurchase costs (287) – (287) –
Other 24 15 39 2
Total $1,169 $850 $ 2,019 $2,978
Adjusted Pipeline EBITDA: $1,338 MM2
1Includes acquisitions
2Adjusted to reflect 50% interest of Citrus EBITDA on a proportional basis; appendix
includes details 41
42. Reconciliation of EBIT/EBITDA
$ Millions
Three Months Ended Nine Months Ended
September 30, 2007 September 30, 2007
EBITDA $ 776 $2,019
Less: DD&A 293 850
EBIT 483 1,169
Interest and debt expense (228) (742)
Income before income taxes 255 427
Income taxes 100 151
Income from continuing operations 155 276
Discontinued operations, net of taxes – 674
Net Income 155 950
Preferred stock dividends 9 28
Net income available to
common stockholders $ 146 $ 922
42
43. Pipeline Group Financial Results
$ Millions
Year-to-date Ended
September 30,
2007 2006
EBIT $ 957 $ 885
Capital expenditures* $ 720 $ 694
Total throughput (BBtu/d)
100% owned 16,174 15,275
Equity investments 1,735 1,746
Total throughput 17,909 17,021
Note: Amounts do not include ANR and related assets which were sold 2/22/07
*Includes hurricane-related capital, net of proceeds, of $32 MM in 2007 year-to-date and
$197 MM in 2006 year-to-date 43
44. Reconciliation of Citrus EBITDA
$ Millions
Three Months Ended Nine Months Ended
September 30, 2007 September 30, 2007
Citrus equity earnings $ 21 $ 63
50% Citrus DD&A 13 38
50% Citrus interest 9 28
50% Citrus taxes 13 39
Other* (1) (3)
50% Citrus EBITDA $ 55 $ 165
El Paso Pipeline EBITDA $ 369 $1,236
Add: 50% Citrus EBITDA 55 165
Less: Citrus equity earnings 21 63
Adjusted Pipeline EBITDA $ 403 $1,338
Citrus debt at September 30, 2007 (50%) $ 479
*Other represents the excess purchase price amortization and differences between the
estimated and actual equity earnings on our investment 44
45. E&P Financial Results
$ Millions
Nine Months Ended
September 30,
2007 2006
EBIT1 $ 646 $ 503
Capital expenditures $1,084 $ 853
Acquisition capital $1,180 $1
Production (MMcfe/d) 841 786
Consolidated volumes 774 719
Four Star volumes 67 67
Production costs ($/Mcfe)2 $ 1.18 $1.20
General and administrative expenses ($/Mcfe) 0.67 0.62
Taxes other than production & income ($/Mcfe) 0.04 0.03
Total cash costs ($/Mcfe)3 $ 1.89 $1.85
1Does not include $42 MM and $22 MM benefit from cash settlements on production-related derivatives in
Marketing segment during 2007 and 2006
2Includes lease operating costs and production-related taxes
3Excludes costs and production associated with equity investment in Four Star
45
46. Non-GAAP Reconciliation:
E&P Cash Costs
FY 2006 1Q 2007 2Q 2007 3Q 2007
Total Per Unit Total Per Unit Total Per Unit Total Per Unit
($ MM) ($/Mcfe) ($ MM) ($/Mcfe) ($ MM) ($/Mcfe) ($ MM) ($/Mcfe)
Total operating expense $ 1,229 $4.61 $328 $ 4.86 $ 346 $4.84 $ 347 $4.79
Depreciation, depletion,
and amortization (645) (2.42) (170) (2.52) (189) (2.64) (194) (2.68)
Costs of products & services (87) (0.33) (24) (0.35) (19) (0.28) (25) (0.34)
Per unit cash cost* $1.86 $1.99 $1.92 $1.77
Total equivalent
volumes (MMcfe)* 266,518 67,442 71,493 72,392
46
*Excludes volumes and costs associated with equity investment in Four Star
47. Marketing Financial Results
$ Millions
Nine Months Ended
September 30,
2007 2006
EBIT
MTM for production-related derivatives $ (63) $ 256
MTM for other natural gas derivative contracts (26) (157)
MTM power contracts (43) 64
Settlements, demand charges, and other (28) (45)
Operating expenses and other income 22 (5)
EBIT $ (138) $ 113
47