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Fortune 500 - Spot Number 314
Company Information
Name: El Paso Corporation
Industry: Natural Gas Utilities
Description: El Paso Corporation is the leading provider of natural gas services and the largest pipeline company in North America. The company has leading positions in natural gas production, gathering and processing, and transmission, as well as liquefied natural gas transport and receiving, petroleum logistics, power generation, and merchant energy services. El Paso Corporation, rich in assets and fully integrated across the natural gas value chain, is committed to developing new supplies and technologies to deliver energy.
Financial Summary: EP is engaged in the interstate and intrastate transportation, gathering and processing of natural gas; the marketing of natural gas, power and other commodities, and the development and operation of energy infrastructure. For the 6 months ended 6/30/05, revenues fell 23% to $2.37B. Net loss from cont. ops. rose 56% to $133M. Revenues reflect lower sales from pipelines. Earnings reflect a decrease in loss on long-lived assets.
Business Summary: El Paso Corporation is an international energy company that operates natural gas pipeline businesses. In addition, the Company is engaged in natural gas production, power generation, petroleum businesses, trading operations and other ventures and businesses. During the year ended December 31, 2004, El Paso had both regulated and non-regulated operations conducted through five business segments: Pipelines, Production, Marketing and Trading, Power and Field Services.
Misc Details
Symbol: EP
City: Houston
State: TX
ZIP Code: 77002
Address: 1001 Louisiana Street
Phone: 713-420-2600
Fax: 713-420-4417
Website: http://www.elpaso.com
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