NYMEX Reports Record Third Quarter Net Revenues, Net Income And Volume

NYMEX Holdings, Inc. today reported record net revenues, net income, and volume for the third quarter of 2006.

For the three months ended September 30, 2006, net revenues were $142.4 million, an increase of 45.5% compared to $97.9 million in the comparable prior year period. Net income increased 81.7% to $40.7 million as compared to $22.4 million in the comparable prior year period. The three months ended September 30, 2006 included one-time, pre-tax charges of approximately $6.0 million resulting from the closure of NYMEX's London premises that housed its trading floor and from a reduction in its employee headcount under a “reduction in force” initiative. Daily average contracts traded rose to 1,323,527 in the third quarter of 2006, a 41.6% increase over the 934,472 daily average contracts traded during the same period in 2005.

For the first nine months of 2006, net revenues were $381.5 million, an increase of 50.7% compared to $253.1 million in the comparable prior year period. Net income increased 122.8% to $112.5 million as compared to $50.5 million for the first nine months of 2005. The nine months ended September 30, 2006 included one-time, pre-tax charges of approximately $11.0 million. These charges include those incurred during the current quarter as noted above, as well as charges relating to (i) a lease buy-out during the first quarter of 2006 and (ii) the shut-down of NYMEX's London trading floor during the second quarter of 2006. Daily average contracts traded rose to 1,179,019 for the first nine months in 2006, a 38.8% increase over the 849,229 daily average contracts traded for the same period in 2005.