on May 4reported 2016 fiscal second-quarter consolidated net income of $141.8 million,or $1.38 per share, compared to $137.7 million, or $1.35 per share during theyear-ago period.
Thereported net income for the fiscal second quarter, ended March 31, 2016,included unrealized net losses of $2.1 million, or
TheS&P Capital IQ consensus normalized EPS estimate for the fiscal secondquarter was $1.40.
Profitfrom Atmos' regulated distribution segment and regulated pipeline segment bothincreased year over year, but its unregulated segment saw profits fall by $9.8million. The decline in profits from its unregulated segment pulled Atmos'gross profit down to $517.8 million in the quarter, compared to $520.7 millionin the year-ago period.
"Our performance through the second quarter of fiscal 2016 reflectsthe impact of investments made to our infrastructure to safely meet the energyneeds of our customers," said
CapEx increased to
Atmos alsoexpects its fiscal 2016 earnings to be in the range of$3.25 to $3.35 per share, excluding unrealized margins.