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August 09, 2006
El Paso's rebound
Just a year of so ago, Houston-based El Paso Corp. looked as if it was a prime candidate to be the city's next big corporate reorganization.
That's not the case anymore. Earlier this week, El Paso announced that it had earned a $141 million profit in the second quarter on revenue of $1.21 billion. The natural gas pipeline company had a net loss of $246 million (38 cents a share) on $1.17 in revenues during the second quarter last year.
Good job, El Paso.
Posted by Tom at August 9, 2006 05:07 AM
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