Article: Hanover Compressor Reports First Quarter 2003 Financial Results.

Energy Editors/Business Editors

HOUSTON--(BUSINESS WIRE)--May 13, 2003

Hanover Compressor Company (NYSE:HC), the leading provider of outsourced natural gas compression services, today reported financial results for the first quarter ended March 31, 2003, which include an estimated charge to settle all currently outstanding securities-related litigation.

Quarterly Results - Summary

First quarter 2003 revenue was $273.7 million compared with $255.5 million for the first quarter 2002. Net loss for the first quarter 2003 was $50.3 million, or $0.63 per share compared with net income of $5.0 million, or $0.06 per fully diluted share in the ...

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