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Gold/Mining/Energy : Enron - Natural Gas Industry

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To: james s who wrote (78)10/13/1998 9:24:00 AM
From: Geoff  Read Replies (1) of 1433
 
Hey James, excellent earnings this Q, beating the street and increasing the dividend to $1.

From Bloomberg:

Net income rose to $168 million, or 47 cents a share, from $134 million, or 42 cents a share, in the same quarter last year. The company was expected to earn 45 cents a share.

Enron also said it would raise its annual dividend by 5 cents, to $1 a share.


This appears to be good news, and next Q looks rosey as well. EOG's 81% decline in revenue was more than offset by gains from natural gas and power sales businesses.

later,
geoff
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