Natural gas company AGL Resources Inc. (GAS) Tuesday posted higher profit for the first quarter which the firm primarily attributed to slightly colder-than-normal weather this year compared to significantly warmer-than-normal weather last year. The firm further backed its full-year earnings view.
For the period net income attributable to company was $154 million, up from $130 million a year earlier. On a per share basis, earnings for the period were $1.31, up from $1.11 last year.
On an adjusted basis earnings totaled $1.31 per share again, and on a further adjusted basis to exclude wholesale services totaled $1.23 per share for the period.
Operating revenue for the quarter was $1.709 billion, up from $1.404 billion a year back.
Looking forward, the firm reaffirmed its full-year earnings view of between $2.50 and $2.70 in aggregate, and $2.40 and $2.50 excluding the wholesale services segment.
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