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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