September 25, 2016 10:27 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Questar Pipeline Company

Company Overview

Questar Pipeline Company, together with its subsidiaries, provides natural gas transportation and underground-storage services in Utah, Wyoming, and Colorado. The company operates 2,667 miles of natural gas transportation pipelines that interconnect with other pipelines, including 10 miles of owned by a third party. It also offers wellhead automation and measurement services for Rockies oil and gas producers. The company was founded in 1983 and is based in Salt Lake City, Utah. Questar Pipeline Company operates as a subsidiary of Questar Corporation.

333 South State Street

PO Box 45433

Salt Lake City, UT 84145

United States

Founded in 1983

269 Employees

Phone:

801-324-5900

Key Executives for Questar Pipeline Company

President and Director
Age: 50
Vice President and Controller
Age: 61
Compensation as of Fiscal Year 2016.

Questar Pipeline Company Key Developments

Questar Pipeline Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Questar Pipeline Company reported earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net income of $13.6 million compared with $15.2 million for the same period a year ago. The company generated $41.1 million of adjusted EBITDA in the second quarter and earned a 10.7% ROE for the 12 months ended June 30, 2016. Net income was lower primarily due to lower transportation revenue on the southern trails pipeline, as well as lower demand for energy measurement services from oil and gas producers. Overall, revenues were down for the quarter, primarily due to lower transportation rates and contracted volumes on southern trails pipeline and lower energy services revenues due to declining demand from producers. The company reported revenue of $42.9 million against $46.5 million a year ago. Operating income was $26.4 million compared with $29.3 million for the same period a year ago. For the six months, the company reported net income of $27.8 million compared with $29.1 million for the same period a year ago. The company reported revenue of $85.9 million against $93.3 million a year ago. Operating income was $26.4 million compared with $29.3 million for the same period a year ago. Revenues from affiliated companies were $36.8 million compared with $37.2 million for the same period a year ago. Operating income was $54.0 million compared with $56.7 million for the same period a year ago.

Questar Pipeline Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2016

Questar Pipeline Company reported unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, revenues were $43.0 million against $46.8 million a year ago. Operating income was $27.6 million against $27.4 million a year ago. Net income was $14.2 million against $13.9 million a year ago. Adjusted EBITDA was $42.1 million against $42.5 million a year ago.

Questar Pipeline Company Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Questar Pipeline Company announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $199.3 million compared with $201.3 million for the same period a year ago. Operating income was $75.3 million compared with $76.5 million for the same period a year ago. Income before tax was $62.0 million compared with $62.8 million for the same period a year ago. Net income was $40.6 million or $0.23 per basic and diluted share compared with $40.3 million or $0.23 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $130.1 million compared with $137.3 million for the same period a year ago. For the six months, the company reported total revenues of $627.9 million compared with $658.2 million for the same period a year ago. Operating income was $222.3 million compared with $224.8 million for the same period a year ago. Income before tax was $195.4 million compared with $198.0 million for the same period a year ago. Net income was $125.2 million or $0.71 per basic and diluted share compared with $125.4 million or $0.71 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $301.2 million compared with $283.8 million for the same period a year ago. Investment in property, plant and equipment was $127.3 million compared with $134.4 million for the same period a year ago. Adjusted EBITDA was $333.7 million compared with $343.6 million for the same period a year ago.

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