Special Report: Natural gas pipelines continue growth despite lower earnings; oil profits grow

Christopher E. Smith Pipeline Editor Natural gas pipeline operators in 2009 saw their profits drop to lows not seen since 2006, falling nearly 9% despite the lesser 4.27% drop in revenues. Net profits totaled $4.7 billion against revenues of $19 billion (Fig. 1). The resulting earnings as a percent of revenue of 24.57% eased from record highs achieved in 2008. Oil pipelines, by contrast, experienced growth in profits and revenues of 5% and 8%, respectively (Fig. 1). Natural gas pipeline companies continued to grow despite the lower earnings, with additions to plant totaling more than $15.6 billion (a 28.51% increase from 2008) while expenditures on operations and maintenance fell more th...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected