WGL Holdings Inc. (WGL), the parent company of Washington Gas Light Co., Wednesday reported second-quarter net income of $89.5 million or $1.73 per share, up from $74.2 million or $1.44 per share last year.
Adjusted earnings for the quarter rose to $1.75 per share from $1.58 per share last year.
Total operating revenues for the quarter grew to $891.4 million from $839.4 million last year.
Analysts polled by Thomson Reuters expected earnings of $1.47 per share on revenues of $854.07 million for the quarter. Analysts' estimates typically exclude special items.
The company lowered its GAAP earnings guidance to a range of $2.30 to $2.42 per share, from prior estimate of $2.35 to $2.47 per share.
Nevertheless, the company lifted its adjusted earnings guidance to a range of $2.42 to $2.54 per share, from prior estimate of $2.37 to $2.49 per share.
Analysts currently estimate earnings of $2.45 per share for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.