UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: March 31, 2003
(Date of Earliest Event Reported: March 31, 2003)
EL PASO CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 1-14365 76-0568816
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation or
organization)
El Paso Building
1001 Louisiana Street
Houston, Texas 77002
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (713) 420-2600
Item 7. Financial Statements, ProForma Financial Information and
Exhibits
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(c) Exhibits.
Exhibit
Number Description
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99.1 Press Release dated March 31, 2003.
99.2 Slide Presentation dated March 31, 2003
Item 9. Regulation FD Disclosure
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On March 31, 2003, we announced our earnings results for 2002. A
copy of our press release is attached as Exhibit 99.1 and a copy of
our slide presentation is attached as Exhibit 99.2, and each is
incorporated herein by reference. The attached Exhibits are not
filed, but are furnished to comply with Item 9 and Item 12 of Form
8-K.
In the press release and the operating statistics, we use earnings
before interest and income taxes (EBIT) to assess the operating
results and effectiveness of our business segments. We define EBIT
as operating income, adjusted for earnings from unconsolidated
affiliates, capitalized returns on equity and other miscellaneous
non-operating items. Items that are not included in this measure
are financing costs, including interest and debt expense, income
taxes, discontinued operations, extraordinary items and cumulative
effect of accounting changes.
We believe EBIT is a useful measurement for our investors because
it provides information that can be used to evaluate the
effectiveness of our businesses and investments from an operational
perspective, exclusive of the costs to finance those activities and
exclusive of income taxes, neither of which are directly relevant
to the efficiency of those operations. This measurement may not be
comparable to measurements used by other companies and should not
be used as a substitute for net income or other performance
measures such as operating cash flow.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
EL PASO CORPORATION
By: /s/ Jeffrey I. Beason
-----------------------
Jeffrey I. Beason
Senior Vice President
and Controller
(Principal Accounting Officer)
Dated: March 31, 2003
EXHIBIT INDEX
Exhibit
Number Description
99.1 Press Release dated March 31, 2003.
99.2 Slide Presentation dated March 31, 2003.