Energy companies report performance - Houston Business Journal:

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and all reported second-quarter earnings Thursday. Houston-based engineering compan KBR Inc. reported net income of $140 or 83 cents per on revenueof $2.2 billion for the threer months ended June 30, 2007. That compareed with net incomeof $92 million, or 68 centsa per share, on revenue of $2.2 billion for the same periox in 2006. Analysts polled by Thomson Financial expectedKBR KBR) to have net income of 28 cents per The company said results included the $345 milliojn sale of its 51 perceng stake in to U.K.-based support services grou on June 28.
"I am pleasef with our progress to date and we are now beginningt to realize the benefitws ofthese initiatives," said Bill Utt, chairman, president and chiefc executive officer. "KBR is now betteer positioned to continue to provide markettleading engineering, construction and service offeringsw to its customers." Rowan Cos. Inc. RDC) posted net income of $128.1q million, or $1.14 per share, on revenue of $507 milliob for the quarter endedJune 30, 2007. That comparedc with net incomeof $109.8 million, or 98 cents per on revenue of $382.9 millio for the same period in 2006. Analysts expected the contract driller to have net incomeof $1.04 per CenterPoint Energy Inc.
(NYSE: CNP) reported net incomre of $70 million, or 20 centxs per share, on revenue of $2 billion for the quarter endedJune 30, 2007. That compared with net incomewof $194 million, or 61 cents per on revenue of $1.8 for the same period in 2006. Analysts expectee the utility provider to have net incomre of 20 cents per Natural gas producer SwiftEnergy Co. reported net incomed of $31.5 million, or $1.0e3 per share, on revenue of $168.2 millioj for the three months endedJune 30, 2007. That comparex with net income of $38.2 million, or $1.277 per share, on revenue of $147.2 million, for the same quarte r in 2006. Analysts expected Swift (NYSE: SFY) to have net incomw of 99 centsper share.
Dril-Quip Inc. (NYSE: DRQ) poste d net income of $24.q million, or 59 cent per share, on revenur of $114.7 million for the quarter endedJune 30, 2007. That compared with net incomeof $21.3 or 53 cents per share, on revenure of $108.5 million for the same period in 2006. Analystws expected the offshore drilling company to have net income of 62 centsper share. Oil and gas compan y Flotek Industries Inc. reported net incomew of $4.9 million, or 25 cents per on revenue of $37.8 million for the three months endecJune 30, 2007. That compares with net income of $2.2 or 12 cents per share, on revenure of $22.1 million for the same period in 2006.
Analyst expected Flotek (AMEX: FTK) to have net earnings per shar of23 cents. Oil and gas company EOG Resourcezs Inc. reported net income of $307.11 million, or $1.24 a share, on revenues of $1.1 billion, for the quarter endeds June 30. That compared with net income of $331.4 or $1.34 a share, on revenue of $919.1 million, for the year-earlier period. Analystds expected EOG (NYSE: EOG) to have net earningzs per shareof $1.09.