Energen Clarifies 4th Quarter 2005 Earnings.BIRMINGHAM, Ala. -- Energen Corporation (NYSE NYSE See: New York Stock Exchange : EGN EGN External Gateway Network (WorldCom) EGN East Gate News EGN European Games Network ) today announced that its net income for the three months ended December 31, 2005, totaled $57.3 million, or 78 cents per diluted share. Included is a non-cash gain of $11.4 million, or 15 cents per diluted share, associated with the reversal of the previously recognized non-cash mark-to-market loss on open hedge contracts as of September 30, 2005. Energen Corporation is a diversified energy holding company with headquarters in Birmingham, Alabama Birmingham (pronounced [ˈbɝmɪŋˌhæm]) is the largest city in the U.S. state of Alabama and is the county seat of Jefferson County. . Its two lines of business are the acquisition and development of natural gas, oil and natural gas liquids onshore in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and natural gas distribution in central and north Alabama. Additional information on Energen is available at www.energen.com. |
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