questar corp (STR) Key Developments
Questar Corporation Presents at Barclays CEO Energy-Power Conference 2015, Sep-08-2015
Sep 5 15
Questar Corporation Presents at Barclays CEO Energy-Power Conference 2015, Sep-08-2015 . Venue: Sheraton New York Times Square Hotel, 811 7th Avenue, New York, NY 10019, New York, United States.
Questar Corporation Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year of 2015
Aug 6 15
Questar Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $199.3 million compared to $201.3 million a year ago. Operating income was $75.3 million compared to $76.5 million a year ago. Income before income taxes was $62.0 million compared to $62.8 million a year ago. Net income was $40.6 million or $0.23 per basic and diluted share compared to $40.3 million or $0.23 per basic and diluted share a year ago. Adjusted EBITDA was $130.1 million compared to $137.3 million a year ago.
For the six months, the company reported total revenue of $627.9 million compared to $658.2 million a year ago. Operating income was $222.3 million compared to $224.8 million a year ago. Income before income taxes was $195.4 million compared to $198.0 million a year ago. Net income was $125.2 million or $0.71 per basic and diluted share compared to $125.4 million or $0.71 per basic and diluted share a year ago. Net cash provided by operating activities was $301.2 million compared to $283.8 million a year ago. Purchase of property, plant and equipment was $127.3 million compared to $134.4 million a year ago. Gas acquisition of gas distribution system was $11.4 million. Adjusted EBITDA was $333.7 million compared to $343.6 million a year ago.
For the quarter, the company reported total deliveries of natural gas volumes were 33.6 MMdth against 33.6 MMdth a year ago. NGL sales were 32 million bbl compared to 37 million bbl a year ago.
For the six months, the company reported total deliveries of natural gas volumes were 89.2 MMdth against 99.1 MMdth a year ago. NGL sales were 61 million bbl compared to 69 million bbl a year ago.
The company maintains its 2015 EPS guidance range at $1.20 to $1.30 per diluted share.
Wexpro Company Seeks Acquisitions
Aug 5 15
Wexpro Company is seeking acquisitions. As disclosed in second-quarter 2015 report of Questar Corporation (NYSE:STR), Wexpro continues to evaluate acquisition opportunities and plans to spend an average of $50 million annually on acquisitions that will fit the cost-of-service model in the Wexpro II Agreement by providing long-lived and low-cost natural gas production.
Questar Corporation Declares Quarterly Common Stock Cash Dividend Payable on September 14, 2015
Aug 3 15
Questar Corp.’s board of directors approved a $0.21 (21 cents) quarterly common stock cash dividend. The dividend, payable September 14, 2015, to shareholders of record on August 21, 2015, is the same as the previous quarter.
Questar Corporation to Report Q2, 2015 Results on Aug 05, 2015
Jul 8 15
Questar Corporation announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 05, 2015