SOURCE: Industrial Info Resources

Industrial Info Resources

May 06, 2011 06:30 ET

El Paso Endures Declines in First-Quarter 2011, but Sees Potential in Ongoing Projects, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 6, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Natural gas production and transmission company El Paso Corporation (NYSE:EP) (Houston, Texas) posted declines in revenue and income for first-quarter 2011, as mark-to-market losses, lower natural gas prices, and economic weaknesses in California and the southwestern U.S. wore away at the company's bottom line. Net income for the quarter was reported to be $62 million, compared with $388 million in first-quarter 2010.

Industrial Info is tracking 44 active U.S. projects that are worth a total of more than $2 billion, including a $20 million addition at a compressor station in Bay Springs, Mississippi. For more information, visit Industrial Info's North American Oil and Gas Transmission Project Database.

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