1 EXHIBIT 99-2 QUARTERLY OPERATING RESULTS AND COMMON STOCK PRICES (UNAUDITED) FIRST SECOND QUARTER QUARTER ------- ------- (IN THOUSANDS OF DOLLARS -- EXCEPT PER SHARE AMOUNTS) 1999 Operating revenues.......................................... $796,586 $488,784 Operating income (loss): Before unusual charges.................................... $153,918 $ 16,927 Unusual charges........................................... -- (52,000) -------- -------- $153,918 $(35,073) ======== ======== Operating and joint venture income (loss): Before unusual charges.................................... $166,376 $ 29,093 Unusual charges........................................... -- (52,000) -------- -------- $166,376 $(22,907) ======== ======== Income (loss) before cumulative effect of accounting change: Before unusual charges.................................... $ 88,415 $ (2,875) Unusual charges........................................... -- (83,365) -------- -------- $ 88,415 $(86,240) ======== ======== Net income (loss): Before unusual charges.................................... $ 85,543 $ (2,875) Unusual charges........................................... -- (83,365) -------- -------- $ 85,543 $(86,240) ======== ======== Basic earnings (loss) per share: Before unusual charges and cumulative effect of accounting change................................................. $ 1.11 $ (.03) Unusual charges........................................... -- (1.00) Cumulative effect of accounting change.................... (.04) -- -------- -------- $ 1.07 $ (1.03) ======== ======== Diluted earnings (loss) per share: Before unusual charges and cumulative effect of accounting change................................................. $ 1.06 $ (.03) Unusual charges........................................... -- (1.00) Cumulative effect of accounting change.................... (.04) -- -------- -------- $ 1.02 $ (1.03) ======== ======== Dividends paid per share.................................... $ .2550 $ .2550 Average daily trading volume................................ 265,050 306,259 Price per share:............................................ High...................................................... $19.5625 $22.6250 Low....................................................... $15.8125 $15.9375 Close..................................................... $16.0625 $20.7500