Natural gas pipeline operators' 2010 profits reach record levels

Christopher E. Smith Pipeline Editor After sharp declines in 2009, natural gas pipeline operators saw their profits jump nearly 12% to reach on all-time high of more than $5.2 billion. The jump in net income came even as revenues rose a relatively modest 4.4%, reaching nearly $19.8 billion but failing to return to the highs seen in 2007 (Fig. 1). This development was evident in data submitted by pipeline operators to the US Federal Energy Regulatory Commission and compiled and analyzed by Oil & Gas Journal to create this article, its annual Pipeline Economics special report. The resulting earnings as a percent of revenue of 26.33% also broke record highs reached in 2008. Oil pipeline...

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