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Atmos Energy reports higher Q1 net income, provides outlook for fiscal 2013
Feb 11, 2013 (Datamonitor via COMTEX) --
Atmos Energy Corporation has reported a net income of $80.46 million, or $0.88 per diluted share, for the first quarter ended December 31, 2012, compared to $68.51 million, or $0.75 per diluted share, for the first quarter ended December 31, 2011. The company expects fiscal 2013 earnings to be at the higher end of the previously announced range of $2.40 to $2.50 per diluted share.
Gross profit for the first quarter ended December 31, 2012 was $362.36 million, compared to $355.39 million, for the first quarter ended December 31, 2011.
Operating income for the first quarter ended December 31, 2012 was $154.92 million, compared to $139.47 million, for the first quarter ended December 31, 2011.
"Constructive rate outcomes in a number of our jurisdictions and changes in rate design in our Mid-Tex and West Texas Divisions have further enhanced the stability and predictability of our regulated earnings stream, as well as provided greater certainty for our customers, whose gas service costs will be spread more evenly over the year," said Kim Cocklin, president and CEO of Atmos Energy Corporation.
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