============= Page 1 of 2 ============= ENRON CORP. Table 1 - Earnings Summary (Unaudited in millions except per share data) Quarter Ended December 31, 1999 1998 Revenues Transportation and Distribution Gas Pipeline Group $ 181 $ 170 Portland General 377 327 Wholesale Energy Operations and Services 9,936 6,618 Retail Energy Services 555 322 Exploration and Production (a) - 230 Corporate and Other (including intercompany eliminations) (76) 35 Total Revenues $ 10,973 $ 7,702 Year Ended December 31, 1999 1998 $ 653 $ 653 1,379 1,196 36,287 27,725 1,807 1,072 526 884 (540) (270) $ 40,112 $ 31,260 After tax results Net income excluding nonrecurring items Nonrecurring Items Gain on sale of EOG stock Charges related to MTBE asset Cumulative effect of accounting changes Net income $ 259 $ 171 $ 957 $ 698 - 45 345 45 (40) (278) (40) (131) - $ 259 $ 176 $ 893 $ 703 Earnings (loss) per share (diluted) (b) EPS (diluted) excluding nonrecurring items Nonrecurring items Gain on sale of EOG stock Charges related to MTBE asset Cumulative effect of accounting changes EPS (diluted) $ 031 $ 024 $ 1.18 $ 1.00 0 07 (006) $ 0.31 $ 0.25 Average shares outstanding (diluted) (b) 779.1 716.4 0 45 0 07 (036) (006) (017) - $ 1.10 $ 1.01 769.0 695.3 (a) Reflects results of Enron Oil & Gas through August 16, 1999, date of share exchange transaction (b) Shares outstanding and EPS amounts have been restated to reflect the two-for-one common stock split that was effective August 13, 1999 EXH010-01247 GOVERNMENT EXHIBIT 1004 Crim. No. H-04-25 (S-2) ============= Page 2 of 2 ============= Fourth Quarter 1999 ENRON CORP. Table 2a - Results by Segment (Unaudited in millions, except per share amounts) IBIT: Transportation and Distribution Gas Pipeline Group Portland General Wholesale Energy Operations and Services Retail Energy Services Exploration and Production (a) Corporate and Other IBIT Interest and Related Charges, net Dividends on Preferred Securities of Subsidiaries Minority Interests Income Tax Provision Net Income Preferred Dividends Second preferred stock Series A and Series B Preferred Stock (b) Earnings on Common Stock Average Number of Shares Used (c) Basic Diluted Earnings per Common Share: (c) Basic Diluted Non- Recurring Recurring Total $ 97 $ - $ 97 105 - 105 263 - 263 7 - 7 1 - 1 473 - 473 119 - 119 19 - 19 41 - 41 35 - 35 259 - 259 4 - 4 20 - 20 $ 235 $ - $ 235 715.3 7791 779.1 779.1 $ 0.33 $ 0.31 $ - $ 0.31- (a) Reflects results of Enron Oil & Gas through August 16, 1999, date of share exchange transaction (b) The Series A and Series B Preferred Stock are antidilutive and therefore have been excluded from the calculation of diluted earnings per share (c) Shares outstanding and EPS amounts have been restated to reflect the two-for-one common stock split that was effective August 13, 1999 EXH010-01248