Printer Friendly

ENTERRA REPORTS FIRST QUARTER RESULTS

 HOUSTON, May 3 /PRNewswire/ -- Enterra Corporation (NYSE: EN) today announced net income of $3,190,000, or $.20 per share, for the quarter ended March 31, 1993, compared with net income of $2,664,000, or $.17 per share, for the same period in 1992. Revenues in the first quarter of 1993 were $38,820 vs. $33,477 in 1992.
 D. Dale Wood, chairman, president and CEO of Enterra, stated, "First quarter revenues were up 19 percent in the oilfield services and equipment segment and 10 percent in the pipeline services and equipment segment. Both North American rental and fishing activity in the oilfield services and equipment segment increased during the first three months of 1993. The pipeline services and equipment segment benefited from good international sales of equipment as well as the continuation of the strong Canadian market that has been excellent over the last couple of years."
 Enterra Corporation is a worldwide provider of specialized services and products for drilling and servicing onshore and offshore oil and gas wells and of specialized services and equipment used in the construction and rehabilitation of pipelines.
 The following table sets forth comparative data (in thousands, except per share data):
 ENTERRA CORPORATION
 Quarter Ended March 31 1993 1992
 Revenues $38,820 $33,477
 Net income $ 3,190 $ 2,664
 Weighted average shares
 outstanding 16,136 16,060
 Net income per share $ .20 $ .17
 -0- 5/3/93
 /CONTACT: Steve Grant of Enterra Corporation, 713-462-7300/
 (EN)


CO: Enterra Corporation ST: Texas IN: OIL SU: ERN

TS -- NY064 -- 3783 05/03/93 12:19 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 3, 1993
Words:261
Previous Article:CRSS ANNOUNCES IMPROVED THIRD QUARTER RESULTS
Next Article:CB BANCSHARES, INC. REPORTS FIRST QUARTER EARNINGS
Topics:


Related Articles
ENTERRA ANNOUNCES THIRD QUARTER RESULTS
ENTERRA ANNOUNCES 1992 RESULTS
ENTERRA REPORTS SECOND QUARTER RESULTS
ENTERRA ANNOUNCES THIRD QUARTER RESULTS
ENTERRA ANNOUNCES 1993 RESULTS
ENTERRA REPORTS FIRST QUARTER RESULTS
WEATHERFORD ENTERRA ANNOUNCES FOURTH QUARTER AND FISCAL YEAR RESULTS
WEATHERFORD ENTERRA ANNOUNCES FIRST QUARTER RESULTS
WEATHERFORD ENTERRA EARNINGS OUTLOOK
Weatherford Enterra 1Q97 EPS Up 69%

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters