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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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.