Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $52.77 USD
Change Today -1.06 / -1.97%
Volume 399.0K
As of 8:04 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

laclede group inc/the (LG) Key Developments

The Laclede Group, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended March 31, 2015; Reaffirms Earnings Guidance for the Year 2015 and 2016

The Laclede Group, Inc. announced unaudited consolidated financial results for the second quarter and six months ended March 31, 2015. For the quarter, the company reported total operating revenues of $877.4 million against $694.5 million a year ago. Operating income was $157.7 million against $87.2 million a year ago. Income before income taxes was $139.3 million against $77.6 million a year ago. Net income was $94.4 million or $2.18 per basic and diluted share against $52.2 million or $1.59 per basic and diluted share a year ago. Net economic earnings (non-GAAP) were $97.6 million or $2.25 per diluted share against $51.7 million or $1.58 per diluted share a year ago. Net economic earnings (non-GAAP) increased due to the addition of Alabama Gas Corporation (Alagasco) and growth in gas utility segment. For the six months, the company reported total operating revenues of $1,497.0 million against $1,163.1 million a year ago. Operating income was $245.0 million against $150.1 million a year ago. Income before income taxes was $208.8 million against $131.7 million a year ago. Net income was $141.5 million or $3.26 per diluted share against $87.8 million or $2.68 per basic and diluted share a year ago. Net cash provided by operating activities was $279.9 million against $142.8 million a year ago. The main driver of the increase in operating cash was the inclusion of Alagasco, which provided $89.2 million. The remaining increase reflects normal seasonal changes in accounts receivable and natural gas inventory balances as well as the timing of gas cost collections under the Purchased Gas Adjustment (PGA) clause in Missouri. Capital expenditures were $129.5 million against $68.2 million a year ago. Net economic earnings (non-GAAP) were $143.3 million or $3.31 per diluted share against $88.0 million or $2.68 per diluted share a year ago. First half fiscal 2015 capital expenditures driven by pipeline replacement Laclede had a strong second quarter driven by gas utility operations as continued to execute on growth plans, including integrating Missouri Gas Energy and Alagasco and investing in distribution infrastructure. The increase in earnings was driven by significantly higher Gas Utility earnings due to the addition of Alagasco and growth in the Missouri utilities. The company reaffirmed its long-term NEE per share growth target of 4% to 6% annually, with growth in fiscal 2015 and 2016 anticipated to be above that target range after excluding from 2014 a weather benefit of $0.17 per share. Capital expenditures for 2015 are still anticipated to be approximately $300 million on a consolidated basis, reflecting the addition of Alagasco and the continuing ramp up of pipeline replacement in Missouri.

The Laclede Group, Inc., Q2 2015 Earnings Call, May 06, 2015

The Laclede Group, Inc., Q2 2015 Earnings Call, May 06, 2015

The Laclede Group, Inc. Declares Quarterly Dividend Payable July 2, 2015

The board of directors of The Laclede Group, Inc. declared a quarterly common stock dividend of $0.46 per share, payable July 2, 2015, to shareholders of record on June 11, 2015.

The Laclede Group, Inc. Presents at American Gas Association 2015 Financial Forum, May-17-2015 03:00 PM

The Laclede Group, Inc. Presents at American Gas Association 2015 Financial Forum, May-17-2015 03:00 PM. Venue: JW Marriott Desert Springs, 74855 Country Club Drive, Palm Desert, CA 92260, United States. Speakers: Steven P. Rasche, Chief Financial Officer and Executive Vice President, Suzanne Sitherwood, Chief Executive Officer, President, Director, Member of Investment Review Committee, Member of Strategy Committee, Chairman of Laclede Gas Company and Chief Executive Officer of Laclede Gas Company.

The Laclede Group, Inc. to Report Q2, 2015 Results on May 06, 2015

The Laclede Group, Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on May 06, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
LG:US $52.77 USD -1.06

LG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Alliance Resource Partners LP $30.52 USD +0.20
Ferrellgas Partners LP $23.52 USD -0.77
Piedmont Natural Gas Co Inc $37.04 USD -0.33
Southwest Gas Corp $54.58 USD -0.63
Suburban Propane Partners LP $43.37 USD -0.06
View Industry Companies
 

Industry Analysis

LG

Industry Average

Valuation LG Industry Range
Price/Earnings 16.1x
Price/Sales 1.2x
Price/Book 1.4x
Price/Cash Flow 9.5x
TEV/Sales 0.1x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact LACLEDE GROUP INC/THE, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.