|
|
Article: Fort Worth, Texas-Based Natural-Gas Producer Sees Rise in Production, Profits.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- February 12, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
By Dan Piller, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News
Feb. 12--FORT WORTH, Texas -- XTO Energy, the Fort Worth-based natural-gas producer, rode a 34 percent increase in production during the fourth quarter of 2003 to a profit of $61.9 million, or 33 cents per share.
A year ago, XTO earned $56.1 million in the fourth quarter. Earnings per share were unchanged because of an increase in the number of common shares outstanding.
The company, which has become a player in the downtown real estate market, reported a record profit for 2003, $288.3 million, or $1.60 per share, up from $186.1 million, or $1.12 per share, ...