<PAGE>

                              ZAPATA CORPORATION
                   DIVISIONAL REVENUES AND OPERATING INCOME
                        THREE MONTHS ENDED DECEMBER 31
                                (in thousands)

<TABLE>
<CAPTION>
 
 
                                      1993      1992
                                    -------   -------
<S>                                 <C>       <C>
 
Revenues
 
Natural gas compression             $12,631   $ ---
 
Natural gas gathering/processing     43,471    50,754
 
Oil and gas                           3,437     7,217
 
Marine protein                       20,689    12,954
                                    -------   ------- 
                                    $80,228   $70,925
                                    =======   =======
 
 
Operating income (loss)
 
Natural gas compression             $   987   $ ---
 
Natural gas gathering/processing        561       174
 
Oil and gas                             208     3,051
 
Marine protein                        1,816       513
 
Corporate                            (1,418)   (1,242)
                                    -------   -------
                                    $ 2,154   $ 2,496
                                    =======   ======= 
 
</TABLE>

         (The accompanying notes are an integral part of the financial
                                 statements.)

                                       6