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Market Watch (Free subscription) | yesterday
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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Market Wire (Free subscription) | 08/05/2008
HOUSTON, TX (MARKET WIRE) Tennessee Gas Pipeline Company ("Tennessee"), a wholly owned subsidiary of El Paso Corporation (NYSE: EP), today announced the results of a binding open season for its 300 Line Expansion Project. Equitable Energy LLC, a subsidiary of Equitable Energy (NYSE: EQT), executed a binding precedent agreement for a 15-year term and was awarded 300,000 Dth/d, which represents 100 percent...
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Market Wire - Energy and Utilities: Pipelines (Free subscription) | 07/25/2008
HOUSTON, TX (MARKET WIRE) El Paso Corporation (NYSE: EP) today announced that the Board of Directors has declared a quarterly cash dividend of $0.05 per share for the second quarter of 2008. The second quarter dividend represents a 25 percent increase from the first quarter of 2008. The dividend will be payable October 1, 2008 to shareholders of record as of the close of business on September 5, 2008....
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The Earth Times Online Newspaper (Free subscription) | 07/18/2008
NEW YORK - Fitch Ratings has affirmed the ratings of El Paso Corporation (El Paso) and its core pipeline and exploration and production subsidiaries. A complete list of the ratings is included at the end of this release. The Rating Outlook is Stable. Approximately $11.4 billion of debt is
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Business Wire (Free subscription) | 07/15/2008
CHICAGO--(BUSINESS WIRE)--Four free stock picks are being made available today on Zacks.com. The industry’s leading independent research firm highlights one
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Houston Chronicle (Free subscription) | 07/12/2008
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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Democratic Underground (Free subscription) | 07/12/2008
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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Houston Chronicle (Free subscription) | 07/11/2008
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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Market Wire - Energy and Utilities: Pipelines (Free subscription) | 07/09/2008
HOUSTON, TX (MARKET WIRE) Tennessee Gas Pipeline Company (TGP) and El Paso Tennessee Pipeline Co. (EPTP), each a wholly owned subsidiary of El Paso Corporation (NYSE: EP), announced today that they are soliciting consents from the holders of certain of their outstanding debentures. TGP's consent solicitation relates to its 6 percent Debentures due 2011 (the TGP Debentures). EPTP's consent solicitation...
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Business Wire (Free subscription) | 07/09/2008
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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Market Wire - Energy and Utilities: Utilities (Free subscription) | 07/08/2008
HOUSTON, TX (MARKET WIRE) El Paso Corporation (NYSE: EP) announced today an expansion of the Colorado Interstate Gas Company (CIG) natural gas pipeline transmission system that serves the Raton Basin. CIG's Raton Expansion will provide approximately 130 million cubic feet per day (MMcf/d) of incremental firm capacity from the Las Animas County, Colo., area of the growing Raton Basin northward along...
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Market Wire - Energy and Utilities: Pipelines (Free subscription) | 07/07/2008
HOUSTON, TX (MARKET WIRE) El Paso Corporation (NYSE: EP) has scheduled a live webcast at 9:30 a.m. Eastern Time, 8:30 a.m. Central Time, on August 6, 2008 to discuss its second quarter 2008 financial and operational results. The webcast may be accessed online through the company's Web site at www.elpaso.com in the Investors section. Materials to be discussed during the webcast will be available in...