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HOUSTON (AP) - Natural-gas provider El Paso Corp. said Thursday it expects to post a 2008 profit "sharply higher" than its previous estimate of $1 to $1.10 per share, citing benefits from its hedging strategy.
| EP | 20.48 |  0.37 |
Analysts polled by Thomson Financial expected a profit of $1.19 per share for the year.
El Paso said its hedging strategy has allowed it to benefit from improved natural gas and oil prices.
El Paso shares fell 7 cents to $18.20 in premarket trading.
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