trending Market Intelligence /marketintelligence/en/news-insights/trending/K7TefR1RiLM6Xozh1lxAPQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Southern Co. Gas swings to loss in last quarter as AGL

Blog

Essential Energy Insights - February 2021

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021


Southern Co. Gas swings to loss in last quarter as AGL

SouthernCo. Gas reported a net loss attributable to the company of $51 million,or 43 cents per share, in the second quarter, compared to net income attributableto the company of $42 million, or 35 cents per share, in the prior-year quarter.

The company operated as AGL Resources through the secondquarter. Its acquisitionby Southern Co.was completed July 1, and AGL was renamed.

Adjusting for merger-related expenses, the utility companylost 11 cents per share, according to the company's quarterly report.

Consolidated EBIT, adjusted to include merger-related expensesof $53 million, amounted to a loss of $24 million in the second quarter, comparedto $111 million of income in the second quarter of 2015.

Operating revenues for the second quarter totaled $571million, compared to $674 million in the year-ago period.