Southern Union Co (SUG) reported third-quarter net income available to shareholders of $44.75 million or $0.36 per share compared to $42.48 million or $0.34 per share last year.
Adjusted net earnings available for common stockholders were $42.7 million or $0.34 per share compared to $36.0 million or $0.29 per share prior year.
On average, 8 analysts polled by Thomson Reuters expected the company to report profit of $0.30 per share for the quarter. Analysts' estimates typically exclude special items.
Operating revenues decreased to $438.45 million from $657.28 million last year.
Net operating revenues decreased to $269.86 million from $290.58 million last year. Adjusted net operating revenues decreased to $270.31 million from $276.84 million a year ago.
Analysts expected revenue of $440.81 million for the quarter.
Southern Union reaffirms its fiscal 2009 net earnings per share guidance of $1.45-$1.60 and adjusted net earnings per share guidance of $1.75-$1.90.
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