<PAGE>
ENERGY INDUSTRIES
COMBINED INCOME STATEMENTS
(UNAUDITED, IN THOUSANDS)
<TABLE>
<CAPTION>
NINE MONTHS EIGHT MONTHS ELEVEN MONTHS
ENDED ENDED ENDED
JUNE 30, 1995 JUNE 30, 1994 SEPTEMBER 30, 1994
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<S> <C> <C> <C>
Revenues........................ $53,086 $49,874 $72,522
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Expenses:
Operating expenses............ 40,221 36,480 52,768
Depreciation and amortization. 4,322 3,600 4.867
Selling, general and
administrative............... 3,742 4,952 6,917
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48,285 45,032 64,552
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Operating income................ 4,801 4,842 7,970
Interest expense, net........... (2,208) (2,549) (3,124)
Other income.................... 474 -- --
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Income before income taxes...... 3,067 2,293 4,846
Provision for income taxes...... 1,354 941 2,049
------- ------- -------
Net income...................... $ 1,713 $ 1,352 $ 2,797
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The accompanying notes are an integral part of the financial statements.
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