XTO earnings dip 17 percent in quarter; profits for year up 116 percentDecline small compared to other companies; XTO did well because of increased gas flow, higher than spot market prices because it hedged its gas production Allen Baker PNA Contributing Writer
XTO Energy Inc. posted earnings of $41.2 million for the fourth quarter, down just 17 percent from the same period a year ago. Most of the industry showed much bigger declines, but XTO prospered due to 24 percent higher gas production and hedging much of its gas production so it received higher than....
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Gas production up 24 percent Revenues up 40 percent in 2001
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