
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, May 4, 1990                   TAG: 9005040191
SECTION: BUSINESS                    PAGE: A7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

COASTAL CORP. REPORTS RECORD INCOME, PROFITS

The Coastal Corp. of Houston, Texas, parent of Roanoke's ANR Coal Co. and Coastal Coal Sales Co., reported record net earnings, earnings per share and operating profit during the first quarter.

Net earnings were up 25 percent to $75.6 million or 72 cents per share; operating profit was $237.9 million, up 7 percent from the $222.1 million a year ago.

The record results reflect increases in profit from the company's natural gas exploration and production and coal businesses, said James R. Paul, Coastal's president. Profit from natural gas was $156 million, up from $136.2 million. Profit from coal was $19.1 million, up from $17 million during the same period last year. - Staff report

by CNB