Special Report: Pipeline profits, capacity expansion plans grow despite increased costs

Natural gas pipeline operators saw their profits reach new highs in 2008, rising by more than 7% compared with 2007, despite a 9% drop in revenues year over year. Net profits totaled $5.1 billion against revenues of $19.8 billion.The resulting earnings as a portion of revenues—25.78%—was the highest figure yet recorded by Oil & Gas Journal for the industry.Oil pipeline profit growth also outstripped revenue growth: 4.67% vs. 2.75%.Natural gas profits continued to be funneled into infrastructure, with additions to gas plant totaling nearly $12.2 billion, a roughly 89% increase from 2007 levels.Operators also increased planned capacity expansions. Proposed mileage increased ...

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