NEW YORK, N.Y., March 10, 2006 — NYMEX Holdings, Inc., the holding company of the New York Mercantile Exchange, Inc., filed its Annual Report on Form 10–K this week, reporting net income of $71.1 million for 2005.
Earnings per share in 2005 were $87,167. Total revenue increased to $346.6 million in 2005 from $241.3 million during the prior year.
Clearing and transaction fees increased 44% to $277.6 million in 2005 due primarily to increased trading and clearing volume.
Net income in 2004 was $27.4 million and earnings per share were $33,538.
Operating expenses totaled $215.6 million in 2005 compared with $193.7 million in 2004, primarily due to higher general and administrative expenses driven in large part by the Exchange's international initiatives.
Other developments during the year included:
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Forward Looking and Cautionary Statements
This press release may contain forward–looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to our future performance, operating results, strategy, and other future events. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, and similar words and terms, in connection with any discussion of future results. Forward–looking statements involve a number of assumptions, risks, and uncertainties, any of which may cause actual results to differ materially from the anticipated, estimated, or projected results referenced in forward–looking statements. In particular, the forward–looking statements of NYMEX Holdings, Inc., and its subsidiaries are subject to the following risks and uncertainties: the success and timing of new futures contracts and products; changes in political, economic, or industry conditions; the unfavorable resolution of material legal proceedings; the impact and timing of technological changes and the adequacy of intellectual property protection; the impact of legislative and regulatory actions, including without limitation, actions by the Commodity Futures Trading Commission; and terrorist activities and international hostilities, which may affect the general economy as well as oil and other commodity markets. We assume no obligation to update or supplement our forward–looking statements.
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