Laserfiche WebLink
Nor Am Energy Corp. <br />Factsheet <br />1995 <br />NorAm Energy Corp. (NYSE: NAE), is the nation ’s third largest natural <br />gas utility serving over 2.7 million customers through its Entex, Arkla and Minnegasco <br />distribution divisions. It is also the largest in the United States in number of <br />communities served with a total of 1,300. <br />NorAm ’s two interstate pipelines, NorAm Gas Transmission (NGT) and Mississippi <br />River Transmission (MRT), together form one of the nation ’s largest pipeline <br />networks with approximately 8,600 miles of pipeline moving natural gas from the vast <br />mid-continent supply regions to on-system markets and to pipelines serving the densely <br />populated Northeast and midwest markets. <br />NorAm Field Services (NFS) operates approximately 3,500 miles of gathering <br />pipelines moving in excess of 200 billion cubic feet (BcO of natural gas per year. These <br />lines are connected to over 3,900 wells and reserves of 36 trillion cubic feet of gas in <br />major producing fields in Arkansas, Oklahoma, Louisiana and Texas. <br />NorAm Energy Services (NES) provides wholesale energy marketing services <br />including the non-regulated rebundling of gas supply, storage, transportation and other <br />services, as well as electric power marketing. <br />NorAm Energy Management (NEM) is the company ’s retail energy supplier, <br />providing total energy portfolios to int astrial and large commercial consumers. This <br />retail marketing effort generated 169.7 Bcf of gas sales in 1995. This group also <br />provides other energy services such as performance contracting, risk and energy <br />management as well as services targeted to the residential consumers. <br />Selected Financial Data <br />(millions of dollars)1995 1994 <br />Annual Revenues $2,964.7 $2,857.9 <br />Operating Income 287.3 264.9 <br />Earnings-Continuing Operations 65.5 51.3 <br />Total Assets 3,666.0 3,561.5 <br />(per share data) <br />Earnings $ 0.47 $ 0.33 <br />Dividends 0.28 0.28 <br />Stock Price: <br />High 9 9 <br />Low 5 1/8 5 1/4 <br />Close 8 7/8 5 3/8 <br />Ave. Common Shares Outstanding 123.9 million 122.4 million <br />Employees 6,600