-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JpXoR4Q/lGWVFzrY26DiTatpChuQJUF1IBh6gVnjuMdh22bLoldIMF7FisC12iPj 65hCE0amfzshDU7N+TwCxA== 0001035704-98-000627.txt : 19981012 0001035704-98-000627.hdr.sgml : 19981012 ACCESSION NUMBER: 0001035704-98-000627 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981009 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19981009 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: K N ENERGY INC CENTRAL INDEX KEY: 0000054502 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] IRS NUMBER: 480290000 STATE OF INCORPORATION: KS FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-06446 FILM NUMBER: 98723785 BUSINESS ADDRESS: STREET 1: 370 VAN GORDON ST STREET 2: PO BOX 281304 CITY: LAKEWOOD STATE: CO ZIP: 80228-8304 BUSINESS PHONE: 3039891740 MAIL ADDRESS: STREET 1: 370 VAN GORDON STREET STREET 2: P O BOX 281304 CITY: LAKEWOOD STATE: CO ZIP: 80228-8304 FORMER COMPANY: FORMER CONFORMED NAME: KN ENERGY INC DATE OF NAME CHANGE: 19920430 FORMER COMPANY: FORMER CONFORMED NAME: KANSAS NEBRASKA NATURAL GAS CO INC DATE OF NAME CHANGE: 19830403 8-K 1 FORM 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): OCTOBER 9, 1998 K N ENERGY, INC. (Exact name of registrant as specified in its charter) KANSAS 1-6446 48-0290000 (State or other jurisdiction (Commission File (I.R.S. Employer of incorporation or organization) Number) Identification No.) 370 VAN GORDON STREET P. O. BOX 281304 LAKEWOOD, COLORADO 80228-8304 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (303) 989-1740 1 2 Item 5. Other Events. Effective January 30, 1998, K N Energy Inc. ("K N" or the "Company") acquired all of the outstanding common stock of MidCon Corp. ("MidCon") from Occidental Petroleum Corporation ("Oxy"). This transaction was accounted for as a purchase and, accordingly, the transactions and balances of MidCon are included with those of the Company beginning with the acquisition date and, in accordance with authoritative accounting guidelines, the assets and liabilities of MidCon have been recorded at their estimated fair market values as of the acquisition date. Additional information on this acquisition, including certain historical information of MidCon, is included in the Company's 1997 annual report on Form 10-K, the Company's quarterly reports on Form 10-Q for the first and second quarters of 1998 and various filings (generally on Form S-3 and Form 8-K) made in support of financings during 1998. As further described in the Company's report on Form 10-Q for the quarter ended March 31, 1998, the Company has adopted the provisions of Statement of Financial Accounting Standards No. 131, "Disclosures about Segments of an Enterprise and Related Information" ("SFAS 131"), which requires that external reporting of segment information reflect the manner in which such businesses are managed. SFAS 131 requires the disclosure of certain information for each business segment and further requires that comparable information be presented for prior periods when the makeup of such segments changes. The unaudited information provided in Item 7 for the Company and MidCon, which does not include much of the information required by SFAS 131, has been prepared using generally the same principles employed in developing the information reported pursuant to SFAS 131 in the Company's reports on Form 10-Q during 1998. The information for MidCon reflects the historical results of MidCon, including the impact of purchase accounting associated with Oxy's purchase of MidCon. In addition, the MidCon results (i) reflect allocations of joint costs and other accounting principles which may differ from those utilized by the Company and (ii) exclude the results of operations for businesses which have not been continued by K N. For these reasons, among others, the unaudited information provided in Item 7 may not be indicative of future operating results or the results which would have been achieved had MidCon and K N been combined as of an earlier date. Item 7. Financial Statements, Pro-Forma Financial Information and Exhibits. (a) Financial Statements - K N Energy, Inc. and Subsidiaries Unaudited Selected Historical Segment Information 2 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. K N ENERGY, INC. Date: October 9, 1998 By: /s/ CLYDE E. MCKENZIE ----------------------------- Clyde E. McKenzie Vice President and Chief Financial Officer 3 4 Item 7. KN ENERGY, INC. AND SUBSIDIARIES SELECTED HISTORICAL SEGMENT INFORMATION OPERATING INCOME SUMMARY (unaudited) (millions of dollars)
1996 ----------------------------------------------- K N Energy First Second Third Fourth YEAR - ---------- ------- ------- ------- ------- ------- Upstream Gathering and Processing Services $ 8.4 $ 6.0 $ 8.4 $ 15.9 $ 38.7 Midstream Transportation and Storage Services 18.3 0.1 7.2 17.5 43.1 Downstream Retail and Marketing Services 9.1 16.0 14.6 13.4 53.1 ------- ------- ------- ------- ------- Total Operating Income $ 35.8 $ 22.1 $ 30.2 $ 46.8 $ 134.9 ======= ======= ======= ======= =======
1997 ----------------------------------------------- K N Energy First Second Third Fourth YEAR - ---------- ------- ------- ------- ------- ------- Upstream Gathering and Processing Services $ 9.0 $ 17.3 $ 17.4 $ 15.2 $ 58.9 Midstream Transportation and Storage Services 14.7 6.3 11.7 12.7 45.4 Downstream Retail and Marketing Services 15.8 1.7 5.6 18.7 41.8 ------- ------- ------- ------- ------- Total Operating Income $ 39.5 $ 25.3 $ 34.7 $ 46.6 $ 146.1 ======= ======= ======= ======= =======
1996 -------------------------------------------------- MidCon Corp. First Second Third Fourth YEAR - ------------ ------- ------- ------- ------- ------- Upstream Gathering and Processing Services $ 2.6 $ 2.0 $ 3.9 $ 7.2 $ 15.7 Midstream Transportation and Storage Services 44.9 51.9 51.7 61.5 210.0 Downstream Retail and Marketing Services 61.6 (15.7) (20.1) (10.1) 15.7 ------- ------- ------- ------- ------- Total Operating Income $ 109.1 $ 38.2 $ 35.5 $ 58.6 $ 241.4 ======= ======= ======= ======= =======
1997 --------------------------------------------------- MidCon Corp. First Second Third Fourth YEAR - ------------ ------- ------- ------- ------- ------- Upstream Gathering and Processing Services $ (3.1) $ (1.6) $ (0.5) $ (3.5) $ (8.7) Midstream Transportation and Storage Services 79.9 51.4 75.9 121.1 328.3 Downstream Retail and Marketing Services 9.8 (17.7) (29.1) (43.5) (80.5) ------- ------- ------- ------- ------- Total Operating Income $ 86.6 $ 32.1 $ 46.3 $ 74.1 $ 239.1 ======= ======= ======= ======= =======
5 K N ENERGY AND SUBSIDIARIES SELECTED HISTORICAL SEGMENT INFORMATION (unaudited) (dollars in millions) KNE ENERGY, INC. - UPSTREAM
1Q96 2Q96 3Q96 4Q96 1996 ------ ------ ------ ------ ------ Operating Revenues - ------------------ Gas Sales $ 16.9 $ 21.8 $ 30.2 $ 33.5 $102.4 Natural Gas Liquids Sales $ 40.2 $ 41.4 $ 42.1 $ 64.6 $188.3 Gathering, Transportation, Other $ 15.1 $ 16.5 $ 16.2 $ 19.1 $ 66.9 ------ ------ ------ ------ ------ Total Operating Revenues $ 72.2 $ 79.7 $ 88.5 $117.2 $357.6 ------ ------ ------ ------ ------ Operating Costs and Expenses - ---------------------------- Gas Purchases and Other Costs of Sales $ 45.0 $ 53.7 $ 61.4 $ 82.8 $242.9 Operations and Maintenance $ 13.2 $ 15.1 $ 14.1 $ 13.4 $ 55.8 Depreciation and Amortization $ 4.0 $ 3.7 $ 3.2 $ 3.6 $ 14.5 Taxes, Other Than Income Taxes $ 1.6 $ 1.2 $ 1.4 $ 1.5 $ 5.7 ------ ------ ------ ------ ------ Total Operating Costs and Expenses $ 63.8 $ 73.7 $ 80.1 $101.3 $318.9 ------ ------ ------ ------ ------ Operating Income $ 8.4 $ 6.0 $ 8.4 $ 15.9 $ 38.7 ====== ====== ====== ====== ====== System Throughput (Trillion Btus) Gas Sales 11.4 15.3 18.0 15.9 60.6 Gathering and Processing 71.3 77.9 72.7 53.9 275.8 ------ ------ ------ ------ ------ Total System Throughput 82.7 93.2 90.7 69.8 336.4 ------ ------ ------ ------ ------ Natural Gas Liquids Sales (Million Gallons) Company-Owned and Processed 101.9 110.0 99.0 89.7 400.6 Third-Party Marketed 12.6 10.9 8.5 31.9 63.9 ------ ------ ------ ------ ------ Total Natural Gas Liquids Sales 114.5 120.9 107.5 121.6 464.5 ====== ====== ====== ====== ====== 1Q97 2Q97 3Q97 4Q97 1997 ------ ------ ------ ------ ------ Operating Revenues - ------------------ Gas Sales $ 40.7 $ 34.2 $ 35.8 $ 45.5 $156.2 Natural Gas Liquids Sales $ 64.5 $ 70.3 $ 67.7 $ 73.4 $275.9 Gathering, Transportation, Other $ 19.5 $ 31.1 $ 33.5 $ 37.7 $121.8 ------ ------ ------ ------ ------ Total Operating Revenues $124.7 $135.6 $137.0 $156.6 $553.9 ------ ------ ------ ------ ------ Operating Costs and Expenses - ---------------------------- Gas Purchases and Other Costs of Sales $ 94.2 $ 87.6 $ 93.7 $111.2 $386.7 Operations and Maintenance $ 15.8 $ 23.1 $ 20.1 $ 23.0 $ 82.0 Depreciation and Amortization $ 3.9 $ 4.9 $ 3.3 $ 4.7 $ 16.8 Taxes, Other Than Income Taxes $ 1.8 $ 2.7 $ 2.5 $ 2.5 $ 9.5 ------ ------ ------ ------ ------ Total Operating Costs and Expenses $115.7 $118.3 $119.6 $141.4 $495.0 ------ ------ ------ ------ ------ Operating Income $ 9.0 $ 17.3 $ 17.4 $ 15.2 $ 58.9 ====== ====== ====== ====== ====== System Throughput (Trillion Btus) Gas Sales 14.5 19.3 19.4 17.6 70.8 Gathering and Processing 49.7 85.2 79.9 83.7 298.5 ------ ------ ------ ------ ------ Total System Throughput 64.2 104.5 99.3 101.3 369.3 ------ ------ ------ ------ ------ Natural Gas Liquids Sales (Million Gallons) Company-Owned and Processed 103.4 165.9 153.1 146.0 568.4 Third-Party Marketed 47.0 26.9 29.3 45.8 149.0 ------ ------ ------ ------ ------ Total Natural Gas Liquids Sales 150.4 192.8 182.4 191.8 717.4 ====== ====== ====== ====== ======
6 K N ENERGY AND SUBSIDIARIES SELECTED HISTORICAL SEGMENT INFORMATION (unaudited) (dollars in millions) KN ENERGY, INC. - MIDSTREAM
1Q96 2Q96 3Q96 4Q96 1996 ------ ------ ------ ------ ------ Operating Revenues - ------------------ Transportation and Storage $ 27.1 $ 22.1 $ 26.4 $ 37.3 $112.9 Other $ 33.7 $ 36.2 $ 40.6 $ 43.4 $153.9 ------ ------ ------ ------ ------ Total Operating Revenues $ 60.8 $ 58.3 $ 67.0 $ 80.7 $266.8 ------ ------ ------ ------ ------ Operating Costs and Expenses - ---------------------------- Gas Purchases and Other Costs of Sales $ 19.2 $ 36.7 $ 35.0 $ 43.4 $134.3 Operations and Maintenance $ 15.1 $ 13.4 $ 15.5 $ 12.4 $ 56.4 Depreciation and Amortization $ 6.0 $ 6.2 $ 6.7 $ 6.0 $ 24.9 Taxes, Other Than Income Taxes $ 2.2 $ 1.9 $ 2.6 $ 1.4 $ 8.1 ------ ------ ------ ------ ------ Total Operating Costs and Expenses $ 42.5 $ 58.2 $ 59.8 $ 63.2 $223.7 ------ ------ ------ ------ ------ Operating Income $ 18.3 $ 0.1 $ 7.2 $ 17.5 $ 43.1 ====== ====== ====== ====== ====== System Throughput (Trillion Btus) 138.0 134.4 132.1 123.5 528.0 ====== ====== ====== ====== ====== 1Q97 2Q97 3Q97 4Q97 1997 ------ ------ ------ ------ ------ Operating Revenues - ------------------ Transportation and Storage $ 37.4 $ 27.5 $ 30.9 $ 30.8 $126.6 Other $ 42.4 $ 13.1 $ 15.5 $ 33.5 $104.5 ------ ------ ------ ------ ------ Total Operating Revenues $ 79.8 $ 40.6 $ 46.4 $ 64.3 $231.1 ------ ------ ------ ------ ------ Operating Costs and Expenses - ---------------------------- Gas Purchases and Other Costs of Sales $ 39.1 $ 11.9 $ 12.9 $ 30.8 $ 94.7 Operations and Maintenance $ 16.9 $ 13.7 $ 13.2 $ 10.8 $ 54.6 Depreciation and Amortization $ 6.6 $ 6.5 $ 6.7 $ 7.8 $ 27.6 Taxes, Other Than Income Taxes $ 2.5 $ 2.2 $ 1.9 $ 2.2 $ 8.8 ------ ------ ------ ------ ------ Total Operating Costs and Expenses $ 65.1 $ 34.3 $ 34.7 $ 51.6 $185.7 ------ ------ ------ ------ ------ Operating Income $ 14.7 $ 6.3 $ 11.7 $ 12.7 $ 45.4 ====== ====== ====== ====== ====== System Throughput (Trillion Btus) 134.1 124.1 110.6 134.3 503.1 ====== ====== ====== ====== ======
7 K N ENERGY AND SUBSIDIARIES SELECTED HISTORICAL SEGMENT INFORMATION (unaudited) (dollars in millions) KN ENERGY, INC. - DOWNSTREAM
1Q96 2Q96 3Q96 4Q96 1996 -------- -------- -------- -------- -------- Operating Revenues - ------------------ Gas Sales $ 317.5 $ 213.4 $ 218.6 $ 368.0 $1,117.5 Transportation and Other $ 7.0 $ 7.3 $ 14.5 $ 18.3 $ 47.1 -------- -------- -------- -------- -------- Total Operating Revenues $ 324.5 $ 220.7 $ 233.1 $ 386.3 $1,164.6 -------- -------- -------- -------- -------- Operating Costs and Expenses - ---------------------------- Gas Purchases and Other Costs of Sales $ 295.6 $ 185.7 $ 199.3 $ 350.0 $1,030.6 Operations and Maintenance $ 15.7 $ 14.2 $ 14.9 $ 18.7 $ 63.5 Depreciation and Amortization $ 2.2 $ 2.7 $ 3.7 $ 3.2 $ 11.8 Taxes, Other Than Income Taxes $ 1.9 $ 2.1 $ 0.6 $ 1.0 $ 5.6 -------- -------- -------- -------- -------- Total Operating Costs and Expenses $ 315.4 $ 204.7 $ 218.5 $ 372.9 $1,111.5 -------- -------- -------- -------- -------- Operating Income $ 9.1 $ 16.0 $ 14.6 $ 13.4 $ 53.1 ======== ======== ======== ======== ======== System Throughput (Trillion Btus) Gas Sales 124.7 91.8 102.4 120.3 439.2 Transportation 4.0 3.5 6.6 5.1 19.2 -------- -------- -------- -------- -------- Total System Throughput 128.7 95.3 109.0 125.4 458.4 ======== ======== ======== ======== ========
1Q97 2Q97 3Q97 4Q97 1997 -------- -------- -------- -------- -------- Operating Revenues - ------------------ Gas Sales $ 378.5 $ 217.8 $ 335.7 $ 620.4 $1,552.4 Transportation and Other $ 18.8 $ 19.8 $ 56.2 $ 22.8 $ 117.6 -------- -------- -------- -------- -------- Total Operating Revenues $ 397.3 $ 237.6 $ 391.9 $ 643.2 $1,670.0 -------- -------- -------- -------- -------- Operating Costs and Expenses - ---------------------------- Gas Purchases and Other Costs of Sales $ 360.2 $ 218.1 $ 367.5 $ 602.3 $1,548.1 Operations and Maintenance $ 15.8 $ 14.5 $ 13.9 $ 18.7 $ 62.9 Depreciation and Amortization $ 3.8 $ 2.3 $ 3.1 $ 2.4 $ 11.6 Taxes, Other Than Income Taxes $ 1.7 $ 1.0 $ 1.8 $ 1.1 $ 5.6 -------- -------- -------- -------- -------- Total Operating Costs and Expenses $ 381.5 $ 235.9 $ 386.3 $ 624.5 $1,628.2 -------- -------- -------- -------- -------- Operating Income $ 15.8 $ 1.7 $ 5.6 $ 18.7 $ 41.8 ======== ======== ======== ======== ======== System Throughput (Trillion Btus) Gas Sales 132.6 90.5 137.0 203.9 564.0 Transportation 4.2 4.7 6.2 5.3 20.4 -------- -------- -------- -------- -------- Total System Throughput 136.8 95.2 143.2 209.2 584.4 ======== ======== ======== ======== ========
8 K N ENERGY AND SUBSIDIARIES SELECTED HISTORICAL SEGMENT INFORMATION (unaudited) (dollars in millions) MIDCON CORP. - UPSTREAM
1Q96 2Q96 3Q96 4Q96 1996 ------ ------ ------ ------ ------ Operating Revenues - ------------------ Gas Sales Natural Gas Liquids Sales Gathering, Transportation, Other Total Operating Revenues $ 18.0 $ 17.3 $ 14.2 $ 20.4 $ 69.9 ------ ------ ------ ------ ------ Operating Costs and Expenses - ---------------------------- Gas Purchases and Other Costs of Sales $ 12.4 $ 13.0 $ 7.6 $ 10.3 $ 43.3 Operations and Maintenance $ 2.7 $ 2.0 $ 2.4 $ 2.5 $ 9.6 Depreciation and Amortization $ 0.3 $ 0.3 $ 0.3 $ 0.4 $ 1.3 Taxes, Other Than Income Taxes $ -- $ -- $ -- $ -- $ -- ------ ------ ------ ------ ------ Total Operating Costs and Expenses $ 15.4 $ 15.3 $ 10.3 $ 13.2 $ 54.2 ------ ------ ------ ------ ------ Operating Income (Loss) $ 2.6 $ 2.0 $ 3.9 $ 7.2 $ 15.7 ====== ====== ====== ====== ====== System Throughput (Trillion Btus) Gas Sales Gathering and Processing Total System Throughput -- -- -- -- -- Natural Gas Liquids Sales (Million Gallons) Company-Owned and Processed Third-Party Marketed Total Natural Gas Liquids Sales 37.3 40.1 46.5 50.8 174.7 ====== ====== ====== ====== ======
1Q97 2Q97 3Q97 4Q97 1997 ------ ------ ------ ------ ------ Operating Revenues - ------------------ Gas Sales Natural Gas Liquids Sales Gathering, Transportation, Other Total Operating Revenues $ 17.7 $ 14.6 $ 10.6 $ 9.3 $ 52.2 ------ ------ ------ ------ ------ Operating Costs and Expenses - ---------------------------- Gas Purchases and Other Costs of Sales $ 17.9 $ 13.0 $ 8.0 $ 9.5 $ 48.4 Operations and Maintenance $ 2.5 $ 2.8 $ 2.7 $ 2.9 $ 10.9 Depreciation and Amortization $ 0.4 $ 0.4 $ 0.4 $ 0.4 $ 1.6 Taxes, Other Than Income Taxes $ -- $ -- $ -- $ -- $ -- ------ ------ ------ ------ ------ Total Operating Costs and Expenses $ 20.8 $ 16.2 $ 11.1 $ 12.8 $ 60.9 ------ ------ ------ ------ ------ Operating Income (Loss) $ (3.1) $ (1.6) $ (0.5) $ (3.5) $ (8.7) ====== ====== ====== ====== ====== System Throughput (Trillion Btus) Gas Sales Gathering and Processing Total System Throughput -- -- -- -- -- Natural Gas Liquids Sales (Million Gallons) Company-Owned and Processed Third-Party Marketed Total Natural Gas Liquids Sales 40.7 35.9 31.7 25.8 134.1 ====== ====== ====== ====== ======
9 K N ENERGY AND SUBSIDIARIES SELECTED HISTORICAL SEGMENT INFORMATION (unaudited) (dollars in millions) MIDCON CORP. - MIDSTREAM
1Q96 2Q96 3Q96 4Q96 1996 -------- -------- -------- -------- -------- Operating Revenues - ------------------ Transportation and Storage Other Total Operating Revenues $ 368.4 $ 341.8 $ 326.1 $ 423.2 $1,459.5 -------- -------- -------- -------- -------- Operating Costs and Expenses - ---------------------------- Gas Purchases and Other Costs of Sales $ 212.2 $ 198.7 $ 172.7 $ 257.6 $ 841.2 Operations and Maintenance $ 59.2 $ 45.0 $ 52.0 $ 55.0 $ 211.2 Depreciation and Amortization $ 42.3 $ 42.5 $ 43.1 $ 43.0 $ 170.9 Taxes, Other Than Income Taxes $ 9.8 $ 3.7 $ 6.6 $ 6.1 $ 26.2 -------- -------- -------- -------- -------- Total Operating Costs and Expenses $ 323.5 $ 289.9 $ 274.4 $ 361.7 $1,249.5 -------- -------- -------- -------- -------- Operating Income $ 44.9 $ 51.9 $ 51.7 $ 61.5 $ 210.0 ======== ======== ======== ======== ======== Gas Sales (Bcf) 72.7 80.3 56.8 66.3 276.1 System Throughput (Bcf) 588.4 377.0 333.7 476.3 1,775.4 ======== ======== ======== ======== ========
1Q97 2Q97 3Q97 4Q97 1997 -------- -------- -------- -------- -------- Operating Revenues - ------------------ Transportation and Storage Other Total Operating Revenues $ 429.7 $ 312.7 $ 393.3 $ 460.7 $1,596.4 -------- -------- -------- -------- -------- Operating Costs and Expenses - ---------------------------- Gas Purchases and Other Costs of Sales $ 254.4 $ 160.3 $ 219.0 $ 235.5 $ 869.2 Operations and Maintenance $ 52.7 $ 58.2 $ 55.7 $ 61.6 $ 228.2 Depreciation and Amortization $ 36.9 $ 36.8 $ 36.9 $ 37.3 $ 147.9 Taxes, Other Than Income Taxes $ 5.8 $ 6.0 $ 5.8 $ 5.2 $ 22.8 -------- -------- -------- -------- -------- Total Operating Costs and Expenses $ 349.8 $ 261.3 $ 317.4 $ 339.6 $1,268.1 -------- -------- -------- -------- -------- Operating Income $ 79.9 $ 51.4 $ 75.9 $ 121.1 $ 328.3 ======== ======== ======== ======== ======== Gas Sales (Bcf) 78.9 63.1 89.2 98.3 329.5 System Throughput (Bcf) 509.8 358.1 332.1 452.9 1,652.9 ======== ======== ======== ======== ========
10 K N ENERGY AND SUBSIDIARIES SELECTED HISTORICAL SEGMENT INFORMATION (unaudited) (dollars in millions) MIDCON CORP. - DOWNSTREAM
1Q96 2Q96 3Q96 4Q96 1996 -------- -------- -------- -------- -------- Operating Revenues - ------------------ Gas Sales Transportation and Other Total Operating Revenues $ 384.0 $ 245.1 $ 261.9 $ 413.1 $1,304.1 -------- -------- -------- -------- -------- Operating Costs and Expenses - ---------------------------- Gas Purchases and Other Costs of Sales $ 312.8 $ 253.3 $ 273.5 $ 414.1 $1,253.7 Operations and Maintenance $ 9.1 $ 6.9 $ 8.0 $ 8.7 $ 32.7 Depreciation and Amortization $ 0.5 $ 0.6 $ 0.5 $ 0.4 $ 2.0 Taxes, Other Than Income Taxes $ -- $ -- $ -- $ -- $ -- -------- -------- -------- -------- -------- Total Operating Costs and Expenses $ 322.4 $ 260.8 $ 282.0 $ 423.2 $1,288.4 -------- -------- -------- -------- -------- Operating Income (Loss) $ 61.6 $ (15.7) $ (20.1) $ (10.1) $ 15.7 ======== ======== ======== ======== ======== System Throughput (Bcf) Gas Sales 134.2 88.9 109.7 154.1 486.9 -------- -------- -------- -------- --------
1Q97 2Q97 3Q97 4Q97 1997 -------- -------- -------- -------- -------- Operating Revenues - ------------------ Gas Sales Transportation and Other Total Operating Revenues $ 464.0 $ 271.7 $ 295.9 $ 574.9 $1,606.5 -------- -------- -------- -------- -------- Operating Costs and Expenses - ---------------------------- Gas Purchases and Other Costs of Sales $ 447.2 $ 281.6 $ 317.7 $ 610.2 $1,656.7 Operations and Maintenance $ 6.4 $ 7.2 $ 6.8 $ 7.6 $ 28.0 Depreciation and Amortization $ 0.6 $ 0.6 $ 0.5 $ 0.6 $ 2.3 Taxes, Other Than Income Taxes $ -- $ -- $ -- $ -- $ -- -------- -------- -------- -------- -------- Total Operating Costs and Expenses $ 454.2 $ 289.4 $ 325.0 $ 618.4 $1,687.0 -------- -------- -------- -------- -------- Operating Income (Loss) $ 9.8 $ (17.7) $ (29.1) $ (43.5) $ (80.5) ======== ======== ======== ======== ======== System Throughput (Bcf) Gas Sales 154.7 125.3 126.1 186.2 592.3 -------- -------- -------- -------- --------
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