Natural Gas Prices Boosting Colorado Companies Profits

By: Associated Press
By: Associated Press


Higher natural gas prices have boosted the profits of several Colorado energy companies. First-quarter financial results show five local energy firms turned last year's losses into this year's gains.

Another nine companies reported sharply higher income after marginal profits in 2002. Denver-based Saint Mary Land and Exploration Company was among the biggest winners.

Record earnings soared from eight cents a share last year to $1.08 this year. The company's chairman called it the most profitable quarter in the Saint Mary's 95-year history.


KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 337986 - kktv.com/a?a=337986
Gray Television, Inc.