Monday, July 31, 2017

Texas Largest Oil & Gas Companies (106 Companies With Market Caps Above $1 Bil) Total Audited Earnings Declined By a Massive $141 Bil in the Three Years 2013, 2014 and 2015, Then Recovered Some in 2016 By Reducing Their 2015 Losses But By Only $14 Bil or 10% of This $141 Bil Earnings Deterioration ..................................................................................... Texas Largest Non Oil & Gas Companies (109 Companies With Market Caps Above $1 Bil) Total Audited Earnings Were $42.5 Bil in 2016, Down 8% From 2015, But Up a Staggering 1,868% From 2008

From a review of the Google Finance Website and of company financial statements in the US SEC Website, I found the huge numbers of 106 Oil & Gas Companies and of 109 Non Oil & Gas headquartered in the US State of Texas with Stock Market Capitalizations either very late in 2016 or very early in 2017 of more than $1 Bil and which also have filed their fiscal year 2016 annual financial statements with the SEC.  Traditional Highly Regulated Utilities Companies were excluded.

Below here are the reported Audited US GAAP Earnings (Losses) From Continuing Operations of each of these 106 Oil & Gas and 109 Non Oil & Gas Texas Companies for all of the fiscal years from 2007 through 2016 where the earnings numbers were reported and also where they were prepared in a fairly consistent manner with those in the most recent years:




2016 2015 2014 2013 2012 2011 2010 2009 2008 2007



Most Audited Audited Audited Audited Audited Audited Audited Audited Audited Audited



Recent Net Net Net Net Net Net Net Net Net Net
Texas Companies City State 2016 Income Income Income Income Income Income Income Income Income Income
Market Caps Above $1 Bil HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils
Oil & Gas Companies












Halliburton Houston TX Dec16    (5,767)          (662)       3,437       2,116       2,587       3,010       1,802      1,164      2,638       2,540
ConocoPhillips Houston TX Dec16    (3,559)       (4,371)       5,807       8,037       7,481       7,188     10,305      3,737  (19,483)
Weatherford Intl plc Houston TX Dec16    (3,392)       (1,985)        (584)        (345)        (778)          189        (217)           87      1,167          927
Andarko Petroleum Woodlands TX Dec16    (2,808)       (6,812)     (1,563)          941       2,445     (2,568)          821       (103)      3,220       3,767
Baker Hughes Houston TX Dec16    (2,736)       (1,974)       1,731       1,103       1,317       1,743          819         421      1,635       1,514
Southwestern Energy Company Spring TX Dec16    (2,643)       (4,556)          924          704        (707)          638          604         (36)         569          222
National Oilwell Varco Houston TX Dec16    (2,416)          (767)       2,455       2,181       2,375       1,985       1,659      1,473      1,968       1,353
Marathon Oil Corp Houston TX Dec16    (2,140)       (2,204)          969          931          856          467          325         756      2,192       1,699
Schlumberger Ltd Houston TX Dec16    (1,627)        2,135       5,711       6,843       5,259       4,730       4,253      3,164      5,422       5,177
Concho Resources Midland TX Dec16    (1,462)             66          538          239          408          420          147         (13)         271            20
Apache Houston TX Dec16    (1,240)     (11,159)     (6,312)              6          484       2,076       3,032       (285)         712       2,812
Newfield Exploration Co Woodlands TX Dec16    (1,230)       (3,362)          650            73        (922)          427          429       (542)       (373)          172
EOG Resources Houston TX Dec16    (1,097)       (4,525)       2,915       2,197          570       1,091          161         547      2,437       1,090
Nabors Industries Ltd Houston TX Dec16    (1,011)          (329)        (669)          158          233          347          274         133         519          801
Occidental Petroleum Houston TX Dec16    (1,002)       (8,146)        (130)       4,932       3,829       5,527       3,851      3,151      7,183       5,072
Noble Energy Houston TX Dec16       (998)       (2,441)       1,214          907          965          412          631       (131)      1,350          944
Denbury Resources Inc Plano TX Dec16       (976)       (4,385)          635          410          525          573          286         (75)         388          253
C&J Energy Services Houston TX Dec16       (944)          (873)            69            66          182          162            32           (2)             1            (1)
EnLink Midstream LLC Dallas TX Dec16       (888)       (1,410)          250          119            82          199          149         114        
Noble Corp PLC Sugar Land TX Dec16       (858)           583          (77)          546          448          364          773      1,679      1,561       1,206
Superior Energy Services Houston TX Dec16       (833)       (1,808)          281            45          384          159            72       (121)         336          272
Carrizo Oil & Gas Houston TX Dec16       (675)       (1,158)          222            22            51            33            12       (205)         (45)            15
Cheniere Energy Houston TX Dec16       (665)       (1,097)        (692)        (559)        (346)        (203)          (78)       (161)       (373)        (197)
EnLink Midstream Partners LP Dallas TX Dec16       (573)       (1,378)          309          119            82          199          149         (77)         (64)          (17)
Pioneer Natural Resources Irving TX Dec16       (556)          (266)       1,041        (361)          544          380          514       (142)         145          162
Range Resources Corp Fort Worth TX Dec16       (521)          (714)          634          116            13            43            89           39         329          134
Cabot Oil & Gas Houston TX Dec16       (417)          (114)          104          280          132          122          103         148         211          167
Sunoco LP Dallas TX Dec16       (406)           194          (30)            37            18            11              9             9           12            10
Diamond Offshore Drilling Houston TX Dec16       (373)          (274)          387          549          720          963          955      1,376      1,311          844
Patterson-UTI Energy Snyder TX Dec16       (319)          (294)          163          188          299          323          118         (34)         354          434
Clayton Williams Energy Inc Midland TX Dec16       (292)            (98)            44          (25)            35            94            37       (116)         141            10
Kosmos Energy Ltd Dallas TX Dec16       (284)            (70)          279          (91)          (67)            22        (246)         (80)         (49)          (61)
Sanchez Energy Corp Houston TX Dec16       (257)       (1,455)          (22)            27          (16)              2            (3)             0           (1)
Oasis Petroleum Inc Houston TX Dec16       (243)            (40)          507          228          153            79          (30)         (15)         (34)          (14)
Chicago Bridge & Iron NV Woodlands TX Dec16       (240)          (430)          636          513          317          255          212         180         (15)          172
NOW Inc Houston TX Dec16       (234)          (502)          116          147          108            85            50           29        
Targa Resources Partners LP Houston TX Dec16       (229)            (59)          505          259          203          246          134             7         235            33
Exterran Corp Houston TX Dec16       (194)            (28)            48            65            59    



Crestwood Equity Partners LP Houston TX Dec16       (192)       (2,304)          (10)          (51)            24            42            30           35           38    
HollyFrontier Dallas TX Dec16       (191)           803          326          768       1,760       1,060          133           36         124          334
Cheniere Energy Partners LP Houston TX Dec16       (171)          (319)        (410)        (258)        (175)          (31)          108         187         (78)          (49)
Diamondback Energy Inc Midland TX Dec16       (165)          (548)          196            55          (37)            (0)              8           (3)         (94)            (4)
Targa Resources Corp Houston TX Dec16       (159)          (151)          423          201          159          215            63           79         134          104
Franks Intl NV Houston TX Dec16       (156) 106 229          308          344          163          112           73         173
Basic Energy Services Inc Fort Worth TX Dec16       (123)          (242)            (8)          (36)            20            47          (44)       (254)           68            88
Enbridge Energy Mgt LLC Houston TX Dec16       (120)          (512)            27          (18)            32            46          (24)           22           24            31
Matador Resources Dallas TX Dec16         (97)          (680)          111            45          (33)          (10)              6         (14)         104            (0)
Parsley Energy Inc Austin TX Dec16         (89)            (73)            57            28            13            12



MRC Global Inc Houston TX Dec16         (83)          (331)          144          152          118            29            52       (340)         254            57
Forum Energy Technologies Houston TX Dec16         (82)          (119)          174          130          152            94            24           21           35            45
Helix Energy Solutions Group Houston TX Dec16         (81)          (377)          196          112          (67)            38          (17)         166       (580)          344
HI-Crush Partners LP Houston TX Dec16         (81)             28          124            60            42              9            (0)


WildHorse Resource Development Houston TX Dec16         (47)            (33)          (14)






Oil States Intl Inc Houston TX Dec16         (46)             28          127          129          141          104            45           60         219          200
Enbridge Energy Partners LP Houston TX Dec16         (41)           454          740          160          550          677        (138)         393         395          218
Summit Midstream Partners LP Woodlands TX Dec16         (38)          (222)          (47)            47            43            38              8           (7)

EP Energy Corp Houston TX Dec16         (27)       (3,748)          727          (56)        (119)          385          451       (823)    (1,263)    
RSP Permian Dallas TX Dec16         (25)            (18)              2            63            36          131



Team Inc Sugar Land TX May16         (13)             40            30            32            33            27            12           23           24            16
Archrock Partners LP Houston TX Dec16         (11)            (84)            62            64            11              6          (23)           15           30            19
Viper Energy Partners LP Midland TX Dec16         (11)             24            30              3





Tellurian Houston TX Dec16           (3)            (22)







CVR Energy Inc Sugar Land TX Dec16             9           298          309          522          413          379            14           69         164          (68)
USA Compression Partners LP Austin TX Dec16           13          (154)            25            11              5              0            10           21           21              7
CVR Refining LP Sugar Land TX Dec16           15           291          359          590          595          480            38           65         110        (176)
Black Stone Minerals LP Houston TX Dec16           20          (101)          169          169          152




Oceaneering Intl Houston TX Dec16           25           231          428          372          289          236          201         188         199          180
McDermott Intl Houston TX Dec16           36              (9)          (65)        (490)          202          228          262         206           61          385
Texas Pacific Land Trust Dallas TX Dec16           37             50            35            27            20            21            11             7           11              8
Energy Transfer Equity LP Dallas TX Dec16           41        1,093       1,060          282       1,383          531          345         692         675          552
Western Refining Logistics LP El Paso TX Dec16           43             33            33          (47)          (50)          (35)



FMC Technologies Houston TX Dec16           47           395          705          507          435          404          378         363         354          262
NuStar GP Holdings LLC San Antonio TX Dec16           55             72            61          (11)              2            70            72           68           66            43
Core Laboratories NV Houston TX Dec16           64           115          259          243          217          185          145         114         132          111
Noble Midstream Partners LP Houston TX Dec16           85             38          (15)






Dril-Quip Houston TX Dec16           93           192          209          170          119            95          102         105         106          108
Genesis Energy LP Houston TX Dec16         111           422          106            84            97            51          (50)             6           26          (14)
Kirby Corp Houston TX Dec16         143           228          285          256          213          185          117         128         158          124
NuStar Energy LP San Antonio TX Dec16         150           306          214        (186)        (166)          219          244         225         254          150
Columbia Pipeline Group Inc Houston TX Dec16         154           308          269          272          226          201          210         194        
Holly Energy Partners LP Dallas TX Dec16         158           146          112            85            90            73            56           46           21            35
Western Refining Inc El Paso TX Dec16         187           614          710          300          399          133          (17)       (351)           64          239
Valero Energy Partners LP San Antonio TX Dec16         189             71          (33)          (25)          (37)          (25)



TC Pipelines LP Houston TX Dec16         244             20          204          191          229          250          200         106         123            95
Atwood Oceanics Inc Houston TX Sep16         265           433          341          350          272          272          257         251         215          139
Shell Midstream Partners LP Houston TX Dec16         265           273          149            71            84




Boardwalk Pipeline Partners LP Houston TX Dec16         302           222          147          250          306          217          289         163         294          228
Tesoro Logistics LP San Antonio TX Dec16         315           249            56            18            48            11          (40)         (31)         (27)          (12)
Rowan Companies PLC Houston TX Dec16         321             93        (119)          253          203          136          268         328         406          391
Atmos Energy Corp Dallas TX Sep16         350           315          290          231          192          190          190         183         173          161
Phillips 66 Partners LP Houston TX Dec16         408           306          245          174          122    



Buckeye Partners LP Houston TX Dec16         549           438          334          352          236          115          201         142         181          161
Western Gas Partners LP Woodlands TX Dec16         602             14          457          288          171          188          157         126         152            84
Energy Transfer Partners LP Dallas TX Dec16         624        1,521       1,235          713       1,754          740          623         792         866          939
Plains GP Holdings LP Houston TX Dec16         660           809       1,328       1,374       1,118          987          501         568         428
Kinder Morgan Inc Houston TX Dec16         721           208       2,443       2,696       1,204          449            64         523    (2,860)          145
Plains All America Pipeline LP Houston TX Dec16         730           906       1,386       1,391       1,127          994          514         580         437          365
Transocean Ltd Houston TX Dec16         827           895     (1,880)       1,428          765     (5,801)       1,863      2,426      2,736       3,093
Tesoro Corp San Antonio TX Dec16         850        1,694          917          434          903          593            (1)       (140)         278          566
Ensco plc Houston TX Dec16         889       (1,457)     (2,689)       1,430       1,076          568          401         749      1,053          864
Spectra Energy Houston TX Dec16      1,020           460       1,283       1,159       1,045       1,257       1,123         919      1,195       1,002
Spectra Energy Partners LP Houston TX Dec16      1,239        1,265       1,027       1,086          595          585          522         475         101          203
Phillips 66 Houston TX Dec16      1,644        4,280       4,091       3,682       4,083       4,737          710         460      2,665    
Valero Energy San Antonio TX Dec16      2,417        4,101       3,775       2,722       3,114       2,336       1,178       (273)    (1,154)       4,230
Enterprise Products Partners LP Houston TX Dec16      2,553        2,558       2,834       2,607       2,428       2,088       1,384      1,140      1,145          838
Exxon Mobil Irving TX Dec16      8,375      16,551     33,615     33,448     47,681     42,206     31,398    19,658    46,867     41,615














Total all 106 Oil & Gas Cos


 (20,312)     (34,275)     82,442     95,140   106,735     91,424     76,979    47,036    73,173     89,988
Year-Over-Year Chamge Amount

   13,963   (116,717)   (12,698)   (11,595)



















Non Oil & Gas Companies












AT&T Dallas TX Dec16    13,333      13,687       6,736     18,722       7,574       4,359     19,400    12,447    (2,364)     17,228
LyondellBasell Houston TX Dec16      3,847        4,479       4,172       3,860       2,858       2,140       1,380    (2,871)    (7,343)          661
Texas Instruments Dallas TX Dec16      3,595        2,986       2,821       2,162       1,759       2,236       3,228      1,470      1,920       2,641
American Airlines Group Fort Worth TX Dec16      2,676        7,610       2,882          821          332     (1,861)        (471)    (1,468)    (2,118)          456
Southwest Airlines Dallas TX Dec16      2,244        2,181       1,136          754          421          178          459           99         178          645
Kimberly-Clark Dallas TX Dec16      2,219        1,066       1,545       2,018       1,627       1,684       1,943      1,994      1,829       1,951
Waste Management Houston TX Dec16      1,180           752       1,338          130          860       1,009       1,002      1,060      1,128       1,209
Sysco Houston TX Jun16         950           687          932          992       1,122       1,152       1,180      1,056      1,106       1,001
Celanese Irving TX Dec16         908           287          627       1,101          376          426          361         494         370          327
D.R. Horton Fort Worth TX Sep16         886           751          534          463          956            72          245       (550)    (2,634)        (713)
Dr Pepper Snapple Group Plano TX Dec16         847           764          703          624          629          606          528         555       (312)          497
Santander Consumer USA Hldgs Dallas TX Dec16         766           824          725          721          841          809          438         210         174    
Torchmark Corp McKinney TX Dec16         540           516          528          507          509          483          504         386         430          489
Alliance Data Systems Plano TX Dec16         518           605          516          496          422          315          196         177         233          214
Yum China Holdings Plano TX Dec16         514           328          (37)            99          673




Whole Foods Market Austin TX Sep16         507           536          579          551          466          343          246         147         115          183
Comerica Dallas TX Dec16         477           521          593          541          521          393          260           16         212          682
Camden Property Trust Houston TX Dec16         455           239          283          156          161            24              8         (66)           (7)            53
Westlake Chemical Houston TX Dec16         420           665          685          610          386          259          221           53         (30)          115
Michaels Companies Irving TX Jan17         378           363          217          243          200          158          103         103           (7)
Trinity Industries Inc Dallas TX Dec16         365           826          709          386          252          147            69       (138)         282          290
Huntsman Corp Woodlands TX Dec16         361           130          353          154          378          251            (9)         125         512            61
Crown Castle Intl Houston TX Dec16         357           525          346            60          125          145        (311)       (114)         (49)        (223)
GameStop Grapevine TX Jan17         353           403          393          354        (270)          339          407         376         398          288
Fluor Corp Irving TX Dec16         327           481          852          823          571          698          441         733         749          547
Cullen/Frost Bankers San Antonio TX Dec16         304           279          278          238          238          218          209         179         207          212
CST Brands San Antonio TX Dec16         304           139          180          139          208          218          196         152         225          139
Lennox Intl Richardson TX Dec16         279           187          208          180          135          112          126           62         124          166
Prosperity Bancshares Houston TX Dec16         274           287          297          221          168          142          128         112           85            84
Copart Inc Dallas TX Jul16         270           220          179          180          182          166          152         140         157          136
Cirrus Logic Inc Austin TX Mar17         261           124            55          108          137            88          204           38             3            (6)
Cinemark Holdings Plano TX Dec16         257           219          194          151          171          133          150         101         (44)            90
Waste Connections Woodlands TX Dec16         247            (95)          233          196          160          166          136         111         115          111
Sabre Corp Southlake TX Dec16         241           235          111            52        (215)          113            82            
Sally Beauty Holdings Denton TX Sep16         223           235          246          261          233          214          144           99           78            44
Howard Hughes Corp Dallas TX Dec16         202           127          (24)          (74)        (128)          148          (69)       (703)         (18)            (4)
Brinker Intl Dallas TX Jun16         201           197          154          163          151          141          104           72           46          211
Quanta Services Houston TX Dec16         200           131          288          391          276          103          145         156         158          122
Eagle Materials Inc Dallas TX Mar17         198           153          187          124            58            19            15           29           42            98
American National Insurance Galveston TX Dec16         183           242          247          270          193          190          144           15       (173)          245
Tenet Healthcare Corp Dallas TX Dec16         181             76            98          (93)          209          103       1,135         228           79          (35)
Service Corporation Intl Houston TX Dec16         177           235          177          152          155          146          127         123           98          243
Weingarten Realty Investors Houston TX Dec16         176           122          116          133            57          (14)              5           85           64          125
Match Group Dallas TX Dec16         172           120          148          127            90




Clear Channel Outdoor Hldgs San Antonio TX Dec16         164            (71)            17          (24)        (159)            63          (76)       (873)    (2,851)          265
Six Flags Entertainment Grand Prairie TX Dec16         157           193          113          156          396            12        (195)         (58)         (58)        (189)
Texas Capital Bancshares Dallas TX Dec16         155           145          136          121          121            76            37           24           24            29
Hilltop Holdings Dallas TX Dec16         148           213          113          127            (5)            (7)            (1)           (2)         (23)            15
Flowserve Corp Irving TX Dec16         148           273          525          488          451          429          389         428         445          258
Argo Group Intl Holdings Ltd San Antonio TX Dec16         147           163          183          143            52          (82)            87         118           63          144
Group 1 Automotive Houston TX Dec16         147             94            93          114          100            82            50           35         (46)            65
Builders FirstSource Inc Dallas TX Dec16         144            (23)            18          (42)          (54)          (65)          (94)         (57)       (121)            (3)
Helen of Troy Ltd El Paso TX Feb17         141           101          131            86          116          110            93           72         (57)            62
Main Street Capital  Corp Houston TX Dec16         139           104          101            97          104            64            40           12           11              3
TPG Specialty Lending Inc Fort Worth TX Dec16         137             64            85            67            40              1    


International Bancshares Laredo TX Dec16         134           137          153          126          108          127          130         143         132          121
Dean Foods Co Dallas TX Dec16         121              (8)          (20)          325            24     (1,728)          (20)         145         169          127
Calpine Houston TX Dec16         111           249          961            18          199        (189)        (162)         110         (27)       2,693
Tyler Technologies Plano TX Dec16         110             65            59            39            33            28            25           27           15            18
Summit Hotel Properties Inc Austin TX Dec16         108           125            20              7            (7)            (9)          (20)         (18)             4              4
Darling Ingredients Inc Irving TX Dec16         107             85            68          109          131          169            44           42           55            46
First Financial Bankshares Abilene TX Dec16         105           100            90            79            74            68            60           54           53            49
Kraton Corp Houston TX Dec16         105            (13)              1            (1)          (16)            91            97           (0)           28          (44)
American Campus Communities Austin TX Dec16         101           118            61            47            48            34            18             0           (9)            (1)
National Western Life Group Austin TX Dec16         100             98          106            96            93            56



LegacyTexas Financial Group Plano TX Dec16           98             71            31            32            35            26            18             3           (3)              5
Nexstar Broadcasting Group Irving TX Dec16           93             76            65            (2)          177          (12)            (2)         (13)         (78)          (20)
Dave & Busters Entertainment Dallas TX Jan17           91             60              8              2              9            (7)            (7)           (0)             2            (9)
Cardtronics PLC Houston TX Dec16           88             66            35            21            43            70            41             6         (72)          (28)
Fossil Group Inc Richardson TX Dec16           86           230          387          388          354          307          265         144         142          128
Capstead Mortgage Corp Dallas TX Dec16           83           108          141          126          164          160          127         129         126            25
National Instruments Corp Austin TX Dec16           83             95          126            81            90            94          109           17           85          107
HFF Inc Dallas TX Dec16           77             84            61            51            44            42            17             2             5            44
Commercial Metals Company Irving TX Aug16           73             99          118            71          186            19          (99)             1         232          368
Stewart Information Services Houston TX Dec16           68               4            38            73          119              9            (5)         (42)       (242)          (28)
Insperity Inc Kingwood TX Dec16           66             39            28            32            40            30            22           17           46            47
Comfort Systems USA Inc Houston TX Dec16           65             57            29            29            11          (32)            21           35           50            32
Benchmark Electronics Inc Angleton TX Dec16           64             95            81          111            57            52            80           53       (136)            92
AZZ Inc Fort Worth TX Feb17           61             77            65            60            60            41            35           38           42            28
Silicon Laboratories Austin TX Dec16           61             30            38            50            64            35            73           73           33            40
Firstcash Arlington TX Dec16           60             61            85            84            81            70            51           38           34            26
Independent Bank Group McKinney TX Dec16           54             39            29            20            17            14            13             8

NCI Building Systems Inc Houston TX Oct16           51             18            11          (13)              5          (10)          (27)       (751)           73            59
Southside Bancshares Inc Tyler TX Dec16           49             44            21            41            35            39            39           44           31            17
Kronos Worldwide Inc Dallas TX Dec16           43          (174)            99        (102)          219          321          131         (35)             9          (67)
Rush Enterprises Inc New Braunfels TX Dec16           41             66            80            49            62            55            25             5           25            46
HMS Holdings Corp Irving TX Dec16           38             25            14            40            51            48            40           30           21            15
CIM Commercial Trust Corp Dallas TX Dec16           31               6            13            15            20              6              6             6             9            12
Primoris Services Corp Dallas TX Dec16           28             37            64            75            59            59            34           30           37            29
Tailored Brands Houston TX Jan17           25       (1,027)            (0)            84          132          120            68           46           59          147
CyrusOne Inc Carrollton TX Dec16           20            (20)          (15)          (36)          (20)              2              4             6             4              2
Diodes Inc Plano TX Dec16           18             27            66            24            26            54            80           10           31            56
RealPage Inc Richardson TX Dec16           17              (9)          (10)            21              5            (1)              0           28           (3)            (3)
Nationstar Mortgage Holdings Coppell TX Dec16           16             43          221          217          205            21          (10)         (81)       (158)        (284)
US Concrete Inc Euless TX Dec16           10              (5)            22          (18)          (24)            (8)            43         (95)       (136)          (65)
Monogram Residential Trust Plano TX Dec16             8             67              0          (18)          (41)            95          (33)           (8)             3            (0)
Integer Holdings Frisco TX Jan17             6              (8)            55            36            (5)            33            33           (9)           14            12
ClubCorp Holdings Dallas TX Dec16             4            (10)            13          (41)          (16)          (35)          261


FelCor Lodging Trust Inc Irving TX Dec16             1            (24)            28          (84)        (187)        (134)        (100)         (96)         (44)            50
J C Penney Company Plano TX Jan17             1          (513)        (717)     (1,278)        (795)        (274)          378         249         567       1,105
La Quinta Holdings Irving TX Dec16           (1)             27        (333)              5            17            59            78           30           20    
Valhi Inc Dallas TX Dec16           (3)          (171)            80        (127)          222          295            64         (38)             5          (49)
Forterra Irving TX Dec16         (11)            (76)              9        (245)          (37)          (29)



Q2 Holdings Austin TX Dec16         (36)            (25)          (20)          (18)            (8)            (2)



KBR Inc Houston TX Dec16         (51)           226     (1,198)          171          202          540          395         364         356          204
Invitation Homes Dallas TX Dec16         (78)          (160)        (270)






Lexicon Pharmaceuticals Woodlands TX Dec16       (141)              (5)        (100)        (104)        (110)        (116)        (102)         (93)         (97)          (71)
Dynegy Houston TX Dec16    (1,244)             47        (267)        (359)            17        (431)        (259)       (920)         203          105
Dell Technologies Round Rock TX Jan17    (3,737)       (1,168)     (1,108)     (1,705)       2,372       3,492       2,635      1,433      2,478       2,947














Total all 109 Non Oil & Gas Cos

   42,478      46,186     34,677     40,304     32,033     23,218     40,005    18,159    (2,402)     39,369
.. 2016 Total Earnings % Below 2015

-8%








.. 2016 Total Earnings % Above 2008

1868%






















Total all 215 Texas Cos


   22,166      11,911   117,119   135,444   138,768   114,641   116,984    65,195    70,771   129,357