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HADSON ANNOUNCES THIRD QUARTER RESULTS

 HADSON ANNOUNCES THIRD QUARTER RESULTS
 OKLAHOMA CITY, Nov. 13 /PRNewswire/ -- Hadson Corporation


(NYSE: HAD) announced a net loss of $3,027,000 ($.08 per share) for the third quarter of 1992 on total revenues of $107,842,000. This compares to a net loss of $1,637,000 ($.04 per share) on revenues of $99,451,000 in the third quarter of 1991. The first nine months of 1992 resulted in a net loss of $10,926,000 ($.28 per share) based on revenues of $304,357,000 vs. a net loss of $1,886,000 ($.05 per share) based on revenues of $313,386,000 for the same period in 1991.
 J. Michael Adcock, president of Hadson said, "The third quarter results still reflect the full impact of interest charges related to the long-term debt which we are currently restructuring through our 'pre-packaged bankruptcy.' We still expect to complete this process and emerge from bankruptcy in December as the confirmation hearing for our plan of reorganization is scheduled for Nov. 30, 1992. Although results from our Energy Products and Services Group for the third quarter of 1992 are comparable with those of the third quarter of 1991, we believe that those operations continued to be impacted by credit restraints imposed by suppliers. However, as we approach the completion of our restructure, certain suppliers have begun to relax such restrictions."
 Hadson Corporation is an independent producer and supplier of energy products and services. Hadson has continuing operations in natural gas and gas liquids through its subsidiary Hadson Energy Products and Services, Inc. ("HEPSI"). HEPSI is not a party to Hadson Corporation's debt agreements and is not a party to Hadson's bankruptcy proceedings.
 HADSON CORPORATION
 (in thousands, except per share data)
 Period ended Three Months Nine Months
 Sept. 30 1992 1991 1992 1991
 Revenues $107,842 $ 99,451 $304,357 $313,386
 Net loss $ (3,027) $ (1,637) $(10,926) $ (1,886)
 Net loss per
 common share
 and common
 equivalent
 share $ (.08) $ (.04) $ (.28) $ (.05)
 Shares
 outstanding 38,777 37,758 38,777 37,758
 -0- 11/13/92
 /CONTACT: J. Michael Adcock, president and chief executive officer, of Hadson Corporation, 405-235-9531/
 (HAD) CO: Hadson Corp. ST: Oklahoma IN: OIL SU: ERN


LD -- NY088 -- 0969 11/13/92 19:39 EST
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Date:Nov 13, 1992
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