<PAGE>
 
                              ZAPATA CORPORATION
                   DIVISIONAL REVENUES AND OPERATING RESULTS
                                (in thousands)

<TABLE>
<CAPTION> 

                                   Three Months Ended       Nine Months Ended
                                         June 30,                June 30,
                                   -------------------      ------------------
                                     1995       1994          1995      1994
                                   -------     -------      -------    -------
<S>                                <C>         <C>          <C>        <C> 
Revenues:

Natural gas compression            $ 19,329   $ 21,810      $ 53,086   $ 49,874
Marine protein                       21,737     19,703        61,311     62,307
Natural gas gathering and
 processing                          12,509     41,957        57,829    120,456
Oil and gas                           2,462      3,026         7,482      9,287
                                   --------   --------      --------   --------
                                   $ 56,037   $ 86,496      $179,708   $241,924
                                   ========   ========      ========   ========
Operating income (loss):

Natural gas compression            $  1,704   $  2,460      $  4,801   $  4,842
Marine protein                      (10,428)     2,122        (8,599)     6,016
Natural gas gathering and 
 processing                             (39)      (473)         (482)      (696)
Oil and gas                             310    (18,743)          528    (18,103)
Corporate                            (1,011)    (1,424)       (2,949)    (4,660)
                                   --------   --------      --------   -------- 
                                   $ (9,464)  $(16,058)     $ (6,701)  $(12,601)
                                   ========   ========      ========   ========
</TABLE>

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

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