2009-11-05 11:41:03 -

SUGAR LAND, TX -- (Marketwire) -- 11/05/09 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Natural gas production and transmission company El Paso Corporation : (NYSE:EP) (EPC) (Houston, Texas) recently reported earnings for the company's third fiscal quarter of 2009, which ended September 30. Net income for the company was down 85% year over year, moving from $445 million in 3Q08 to $67 million in 3Q09. Lower natural gas : prices caused a substantial drop in EBIT (earnings before interest and taxes) in the company's Exploration and Production : business unit.



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