Houston companies release earnings

Written by Houston Business Journal

Plains All American Pipeline LP and WCA Waste Corp. Helix Energy Solutions Group Inc., Oceaneering International Inc., Grey Wolf Inc., NATCO Group Inc. and Cal Dive International Inc. reported first-quarter earnings after the markets closed Wednesday.

Plains All American Pipeline (NYSE: PAA) reported net income of $92 million, or 57 cents per unit, on revenue of $7.2 billion, for the three months ended March 31, 2008. That compared with net income for the first quarter of 2007 of $85 million, or 61 cents per unit, on revenue of $4.2 billion.

Analysts polled by Thomson Financial were expecting the Houston oil and gas transporter to have net earnings per share of 63 cents.

WCA Waste, a Houston solid-waste hauler, posted a net loss of $2.4 million, or 20 cents per share, on revenue of $48.8 million, for the quarter ended March 31, 2008. That compared with net income of $1.3 million, or 2 cents per share, on revenue of $40.6 million, in the same period a year earlier.

Analysts expected WCA (NASDAQ: WCAA) to have net earnings per share of 3 cents.

Offshore energy company Helix Energy Solutions reported....

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