Equitable Resources, Inc. is an integrated energy company
with emphasis on Appalachian area natural gas production and
transportation, natural gas distribution and transmission,
and energy services marketing in the northeastern section
of the United States.
The Company also has exploration and production interests
in the Gulf of Mexico and energy service management projects
in selected United States and international markets.
The Company and its subsidiaries offer energy (natural gas,
natural gas liquids and crude oil) products and services to
wholesale and retail customers through three primary business
segments, Equitable Utilities, Equitable Production and NORESCO.
Financial Summary EQT is an integrated energy exploration,
production, transmission, distribution and marketing company.
EQT offers energy products and services to wholesale and retail
For the three months ended 3/00, revenues fell 9% to $379.1
Net income rose 31% to $39.1 million.
Results reflect lower revenues from Equitable Utilities' operations
due to warmer weather.
Earnings benefited from an increase in natural gas transportation
Recent Earnings Announcement For the 3 months ended 06/30/2000,
revenues were 338,436; after tax earnings were 16,225. (Preliminary;
reported in thousands of dollars.)
Murray Gerber, Chairman, CEO
David Porges, President and
Chief Operating Officer