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El Paso Corp.



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Pipeline companies deliver hefty profit gains

Williams Cos., Spectra Energy Corp. and El Paso Corp. on Thursday posted bigger profit gains than analysts estimated because of rallies in natural-gas and gas-liquids prices that have since fizzled.

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El Paso Corp. Q3 2008 Earnings Call Transcript

El Paso Corp. (EP) Q3 2008 Conference Call Complete Story »

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El Paso profit jumps, shares slump as it trims spending plan

Natural gas producer and pipeline company El Paso Corp. says it nearly tripled its third-quarter earnings, boosted by a 37% jump in revenue despite weather-related production setbacks on fields in the Gulf of Mexico.

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El Paso 3rd-quarter net triples, revenue up 37%

TEL AVIV (MarketWatch) -- El Paso Corp., the Houston natural-gas provider, reported third-quarter net income nearly tripled on 37% higher revenue. Net reached $445 million from $155 million in the year-earlier period. Net income available to common-stock holders was $436 million, or 58 cents a share, from $146 million, or 20 cents. Adjusted for production-related derivatives and other special items,...

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In the News and Around the Blogosphere

Serge F. Kovalski, N.Y. Times, Independent Counsel Clears Palin of Ethics Violations Mike Scarcella, BLT Blog, Juror in Stevens Case: My Father is not Dead Houston Chronicle (AP), Former El Paso Corp. trader gets 10 months prison (w/ a hat...

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Zacks Analyst Blog Highlights: El Paso Corp., CRA International, Inc., Broadcom Corp., Verizon Communications Inc. and Sprint Nextel Corp.

CHICAGO--(BUSINESS WIRE)--Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting

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El Paso sells division interests to partner

El Paso Corp. has sold partial stakes in two of its divisions to partnership El Paso Pipeline Partners LP for $736 million. (EP) (EPB)

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Elba Island LNG plant foes ask Chatham to ignore Federal decisions

From today’s Savannah Morning News: Opponents of El Paso Corp.’s liquefied natural gas import facility requested on Friday that Chatham County commissioners pass an ordinance prohibiting expansion of the facility on Elba Island near downtown Savannah. “Liquefied natural gas is dangerous,” said John Northup, a member of the Citizens for Clean Air and Water. “Everyone knows it. [...]

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El Paso Corp. net climbs 13%, revenue dips

NEW YORK (MarketWatch) -- El Paso Corp. on Wednesday said net income for the three months ended June 30 rose 13% to $191 million, or 27 cents a share, from $169 million, or 23 cents a share in the year-ago period. Adjusted net income rose to 39 cents a share from 29 cents a share. Revenue fell to $1.15 billion from $1.2 billion. Analysts expected earnings of 39 cents a share, according to a survey...

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El Paso settles suit over reserves reports

El Paso Corp. has settled federal civil charges alleging it inflated oil and gas reserves estimates in ways that made company financial statements misleading to investors.

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Energy company inflated reserves, SEC says

Source: [b]Investment News[/b] El Paso Corp., a natural-gas pipeline and energy company, its subsidiaries and five former employees were charged today with fraud by the Securities and Exchange Commission. The Houston company and the former employees agreed to settle, without admitting or denying...

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El Paso Corp. settles with SEC in reserves report case

The pipeline and exploration company neither denied nor admitted wrongdoing, but the Securities and Exchange Commission alleged El Paso and five former employees committed fraud when they reported reserves improperly.

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Zacks Analyst Blog Highlights: El Paso Corp., Akzo Nobel N.V., Schering-Plough Corp., Moneygram International, Inc. and PMC-Sierra, Inc.

CHICAGO--(BUSINESS WIRE)--Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting

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Digest: Spectra drops expansion plan

Spectra Energy Corp., the second-biggest U.S. pipeline company by market value, dropped plans for its Bronco expansion in the West after El Paso Corp. offered lower prices on a similar project.

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'Ruby Pipeline' planned for Wyoming to Oregon

Pipeline company El Paso Corp. said Wednesday it will build a 670-mile, $3 billion pipeline -- dubbed the Ruby Pipeline -- capable of carrying more than 1 billion cubic feet per day of natural gas from southwestern Wyoming to Malin, Ore., near California's northern border. (EP)