Midstream - Pipelines | Quarterly / Earnings Reports
Questar Talks Q1 Income, Pipeline Review
Print
|
Questar Corporation reported first-quarter 2013 net income of $72.9 million, or $0.41 per diluted share compared to first-quarter 2012 net income of $75.2 million, or $0.42 per diluted share.
Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) for the quarter were up 5% to $183.8 million compared to $175.2 million in the year-ago period. Return on average common equity (ROE) was 19.4% for the 12 months ended March 31, 2013, compared to 19.6% for the same period in 2012.
"Each of Questar's business units performed as expected in the first quarter," said Ronald W. Jibson, Questar chairman, president and CEO. "Questar Gas posted a 6% rise in net income in the first quarter. Wexpro's net income rose by 8% while Questar Pipeline's income was 5% lower…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations