WGL Holdings Inc (WGL) reported first-quarter net income applicable to common stock of $50.4 million, or $0.98 per share, down from $65.2 million, or $1.28 per share in the year ago quarter.
Non-GAAP operating earnings were $58.1 million, or $1.13 per share, compared to non-GAAP operating earnings of $52.6 million, or $1.03 per share, for the same quarter of the prior fiscal year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.13 per share for the quarter. Analysts' estimates typically exclude special items.
Total Operating Revenues for the quarter declined to $727.76 million from $795.87 million in the prior year quarter. Five analysts had consensus revenue estimate of $870.64 million for the quarter.
The company raised its fiscal 2012 GAAP earnings outlook to a range of $2.64 - $2.76 per share from the prior estimates of $2.63 - $2.75 per share.
The GAAP earnings estimate includes projected fiscal year 2012 earnings from regulated utility segment in a range of $1.84 per share to $1.90 per share and projected fiscal year 2012 earnings from unregulated business segments in a range of $0.80 per share to $0.86 per share.
The company reaffirmed its fiscal 2012 non-GAAP operating earnings in a range of $2.46 - $2.58 per share. The outlook includes projected fiscal year 2012 non-GAAP operating earnings from regulated utility segment in a range of $1.82 per share to $1.88 per share, and projected fiscal year 2012 non-GAAP operating earnings from unregulated business segments in a range of $0.64 per share to $0.70 per share.
Analysts expect the company to report earnings of $2.52 per share for fiscal 2012.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.