Earnings Roundup: Petroleum Development, Dynegy

Among the earnings stories for Monday, Aug. 10, from AP Financial News:

BRIDGEPORT, W.Va. (AP) — Oil and natural gas producer Petroleum Development Corp. said its loss narrowed as it cut costs and lost less money on bad hedges.

COLUMBUS, Ohio (AP) — Power provider Dynegy will sell eight plants plus another under development for about $1 billion in cash and $500 million in stock as the company attempts to bolster its finances and reduce debt.

CINCINNATI (AP) — Media company E.W. Scripps Co. said it made a profit in the second quarter despite a decline in ad revenue, reversing a year-ago loss that was weighed by impairment charges.

SEAL BEACH, Calif. (AP) — Clean Energy Fuels Corp., which provides natural gas vehicle fuel, said its second-quarter loss nearly doubled, as falling natural gas prices pressured revenue.

IRVING, Texas (AP) — Engineering and construction firm Fluor Corp. said its second-quarter earnings fell 19 percent from year-ago profit boosted by a hefty one-time gain, but reported a jump in its backlog.

HOUSTON (AP) — Energy infrastructure company McDermott International Inc. said its profit dropped 48 percent in the second quarter due to decreased power generation systems revenue and greater pension costs.