| Business Summary | | Gateway
Energy
Corporation
owns
and
operates
natural
gas
gathering,
transportation
and
distribution
systems,
as
well
as
related
facilities
in
Texas,
Oklahoma
and
Louisiana,
and
offshore
in
state
and
federal
waters
of
the
Gulf
of
Mexico.
These
systems
include
approximately
900
miles
of
pipeline
ranging
in
size
from
two
inches
to
20
inches
with
a
combined
daily
throughput
capacity
of
approximately
500
million
cubic
feet.
The
Company
also
owns
an
exclusive
license
in
the
United
States
to
a
patented
process
for
the
rejection
of
nitrogen
from
natural
gas
streams. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Gateway
Energy
Corporation
owns
and
operates
natural
gas
gathering,
transportation
and
distribution
systems
and
related
facilities
in
Texas,
including
Texas
state
waters,
Oklahoma,
Louisiana
and
federal
waters
of
the
Gulf
of
Mexico.
For
the
three
months
ended
3/31/01,
revenues
totalled
$4.2
million,
up
from
$1.6
million.
Net
loss
fell
18%
to
$240
thousand.
Revenues
reflect
increased
natural
gas
sales.
Lower
loss
reflects
higher
operating
margins. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
2,797;
after
tax
earnings
were
-319. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael Fadden, 60 Chairman,
Pres and CEO | $162K | Scott Heflin, 43 CFO,
Treasurer, Sec., Director | 112K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|