Texas Gulf Energy, Incorporated Announces Consolidated Revenue Results for the First Quarter Ended March 31, 2012
May 22, 2012 at 06:44 am EDT
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Texas Gulf Energy, Incorporated announced consolidated revenue results for the first quarter ended March 31, 2012. For the quarter, the company reported revenue of generated $9.1 million, an increase of $3.4 million, or 60%, from consolidated revenues of $5.7 million in the same period in the prior fiscal year. The increase in consolidated revenues was a result of an increase in utilization at International Plant Services, L.L.C., and the acquisitions completed by the company.
Texas Gulf Energy, Incorporated is engaged in providing construction, maintenance, turnaround management, professional services, project management services, and fabrication and field services. The Company offers services to the refining, chemicals, liquefied natural gas, oil and gas, and midstream and upstream industries. The Company also offers consulting services. Its International Plant Services (IPS) group is engaged in the provision of engineers, construction staff and construction crafts. The IPS group specializes in process plant welders and pipefitters. Its Texas Gulf Fabrication Services group offers pipe, structural steel, skid and module, and vessel fabrication. Its Texas Gulf Energy International group provides capital projects, construction, turnaround and maintenance services for international markets throughout the world. It serves the engineering procurement construction companies, providing services to customers in North America and abroad.
TEXAS GULF ENERGY, INCORPORATED 
