MRO » Topics » IG segment incom

This excerpt taken from the MRO 10-Q filed Nov 7, 2007.
IG segment income increased $54 million in the third quarter of 2007 and increased $60 million in the first nine months of 2007 compared to the same periods of 2006 due to increased income from our equity method investments in EGHoldings and Atlantic Methanol Production Company LLC (“AMPCO”).  The first LNG deliveries from EGHoldings’ LNG production facility in Equatorial Guinea were made in the second quarter of 2007.  Income from AMPCO for the third quarter of 2007 increased as the plant was shut down for a portion of the third quarter of 2006.  Higher methanol prices in the first quarter of 2007 also contributed to the increase in income from AMPCO for the first nine months of 2007.

 

This excerpt taken from the MRO 10-Q filed Aug 7, 2007.
IG segment income decreased $5 million in the second quarter of 2007 and increased $6 million in the first six months of 2007 compared to the same periods of 2006.   Increased income from EGHoldings, as a result of the first LNG deliveries during the second quarter of 2007, was more than offset by a decline in income from domestic integrated gas activities due to a planned turnaround at our LNG production facility in Alaska, increased research and development costs and increased income taxes.   Contributing to improved results for the first six months of 2007 was higher income from Atlantic Methanol Production Company LLC in the first quarter of 2007 due to higher realized methanol prices.

EXCERPTS ON THIS PAGE:

10-Q
Nov 7, 2007
10-Q
Aug 7, 2007
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