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Calpine Corp., EV Energy Partners LP, GeoMet Inc., GeoResources Inc., Houston Wire & Cable Co., Repros Therapeutics Inc., Targa Resources Partners LP and Tetra Technologies Inc. all reported first-quarter results Monday, while Imperial Sugar Co. reported second-quarter earnings and Contango Oil & Gas Co. reported third-quarter results.
Calpine Corp. posted a net loss of $214 million, or 44 cents per share, on revenue of $1.9 billion, for the three months ended March 31, 2008. That compared with a net loss of $459 million, or 96 cents per share, on revenue of $1.7 billion, for the same quarter a year earlier.
Analysts polled by Thomson Financial expected Calpine (NYSE: CPN), an electricity producer, to have net earnings per share of 1 cent.
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Calpine has shared corporate headquarters in Houston and San Jose, Calif.
Oil and gas partnership EV Energy Partners posted a net loss of $24.7 million, or $1.61 per unit, on revenue of $47.8 million, for the three months ended March 31, 2008. That compared with a net loss of $2.6 million, or 28 cents per unit on revenue of $12 million in the same quarter last year.
Analysts expected Houston-based EV Energy (NASDAQ: EVEP) to have net earnings per unit of 89 cents.
GeoMet (NASDAQ: GMET) reported a net loss of $2.1 million, or 5 cents per share, on revenue of $15.9 million, for the first quarter of 2008. That compared with a net loss of $1 million, or 3 cents per share, on revenue of $12.1 million, for the first quarter last year.
Analyst expected the Houston energy company to have net earnings per share of 7 cents.
Houston oil and gas company GeoResources reported net income of $4.2 million, or 29 cents per share, on revenue of $23.9 million, for the 2008 first quarter. That compared with net income of $790,000 or 15 cents per share, on revenue of $4.1 million, in 2007.
Analysts were expecting GeoResources (NASDAQ: GEOI) to have net earnings per share of 24 cents.
Houston Wire & Cable Co., a specialty wire company, posted net income of $6.7 million, or 37 cents per share, on sales of $89.4 million, for the first quarter ended March 31, 2008. That compared with net income of $7.3 million, or 35 cents per share, on sales of $81.8 million, for the same period last year.
Analysts expected Houston Wire & Cable (NASDAQ: HWCC) to have earnings of 34 cents per share.
Houston drug-maker Repros Therapeutics (NASDAQ: RPRX) posted a net loss of $6.7 million, or 52 cents per share, on revenue of $269,000, for the three months ended March 31, 2008. That compared with a net loss of $3.7 million, or 31 cents per share, on revenue of $318,000, for the same quarter last year.
Analysts were expecting Repros to have a net loss of 43 cents per share.
Targa Resources Partners, a Houston natural gas partnership, reported net income of $24.9 million, or 50 cents per unit, on revenue of $512.1 million, for the three months ended March 31, 2008. That compared with a net loss of $4.7 million, or 7 cents per unit, on revenue of $348.8 million, for the same quarter last year.
Analysts were expecting Targa (NASDAQ: NGLS) to have net earnings per unit of 41 cents.
For the first quarter of 2008, The Woodlands oil and gas services company Tetra Technologies (NYSE: TTI) reported net income of $6.7 million, or 9 cents per share, on revenue of $225.2 million. That compared with net income of $20.7 million, or 28 cents per share, on revenue of $243.6 million, for the same quarter a year earlier.
Analysts were looking for Tetra to report net earnings per share of 18 cents.
Imperial Sugar Co. (NASDAQ: IPSU) posted a net loss for the second quarter of $15.5 million, or $1.33 per share, on sales of $145.2 million. That compared with net income of $8.7 million, or 74 cents per share, on sales of $212.6 million, for the same period last year.
Analysts were expecting the Sugar Land company to have a net loss of 24 cents per share.
Second-quarter 2008 results included a pre-tax charge of $12.1 million related to the company's Port Wentworth refinery explosion and fire that occurred on Feb. 7.
Houston-based Contango Oil & Gas (AMEX: MCF) reported net income of $7.9 million, or $6.59 per share, on revenue of $20.8 million, for the third quarter ended March 31, 2008. That compared with net income of $1 million, or 1 cent per share, on revenue of $4.5 million, for the same quarter last year.
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