Gas Natural SDG SA said its normalized net income for the second quarter came to 19 euro cents per share, compared with the S&P Capital IQ consensus estimate of 26 cents per share.
EPS decreased 14.3% year over year from 22 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €188.9 million, a decrease of 14.4% from €220.6 million in the prior-year period.
The normalized profit margin declined to 3.2% from 4.0% in the year-earlier period.
Total revenue increased 6.9% year over year to €5.83 billion from €5.46 billion, and total operating expenses rose 9.9% year over year to €5.24 billion from €4.77 billion.
Reported net income declined 13.4% on an annual basis to €252.0 million, or 25 cents per share, from €291.0 million, or 29 cents per share.
