Laclede Group Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2011
January 26, 2012 at 08:53 am EST
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Laclede Group Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2011. For the period, the company reported net income of $25.2 million or $1.12 per diluted share compared to $23.4 million or $1.05 per diluted share for the first quarter of fiscal 2011. On a non-GAAP basis, net economic earnings totaled $24.9 million or $1.11 per share, compared to $23.4 million or $1.05 per share for the same quarter last year. Total operating revenues were $410,913,000 compared to $444,202,000 for the same quarter last year. Operating income was $43,105,000 compared to $40,751,000 for the same quarter last year. Income before income taxes was $38,730,000 compared to $35,910,000 for the same quarter last year.
Spire Inc. is the holding company for Spire Missouri Inc. (Spire Missouri), Spire Alabama Inc. (Spire Alabama), other gas utilities, and gas-related businesses. Its Gas Utility segment includes the regulated operations of Spire Missouri, Spire Alabama, Spire Gulf Inc. (Spire Gulf) and Spire Mississippi Inc. (Spire Mississippi). Spire Missouri is engaged in the purchase, retail distribution and sale of natural gas. Spire Alabama is engaged in the purchase, retail distribution and sale of natural gas principally in central and northern Alabama. Spire Gulf and Spire Mississippi are utilities engaged in the purchase, retail distribution and sale of natural gas in the Mobile, Alabama area and south-central Mississippi. Its Gas Marketing segment includes Spire Marketing Inc. (Spire Marketing), a wholly owned subsidiary providing natural gas marketing services. Its Midstream segment consists of three facilities Spire STL Pipeline, Spire Storage West, and Spire Storage Salt Plains.
SPIRE INC. 
