Questar Net Income Down 64% on Mark-to-Market Losses and Lower Energy Prices

Questar E&P production up 19%;
Company affirms 2009 production guidance; lowers earnings guidance
SALT LAKE CITY--(Business Wire)--
Questar Corp. (NYSE:STR) net income fell 64% in the first quarter of 2009 to
$67.2 million, or $0.38 per diluted share, compared to $185.8 million, or $1.05
per diluted share, for the first quarter of 2008. The current quarter`s result
includes a net after-tax mark-to-market loss on natural gas basis-only swaps of
$84.7 million, or $0.48 per diluted share, compared to a net after-tax gain of
$8.6 million, or $0.05 per diluted share, a year earlier. Excluding
mark-to-market gains and losses, Questar earned $0.86 per diluted share in the
first quarter of 2009, compared to $1.00 per diluted share in the year-ago
quarter.

NET INCOME (LOSS) BY SUBSIDIARY
(in millions, except earnings per share)

3 Months Ended
March 31,
2009 2008 Change

Market Resources
Questar E&P ($14.9 ) $96.5 (115 )%
Wexpro 18.8 16.2 16
Gas Management(a) 11.4 18.5 (38 )
Energy Trading and other 5.4 8.1 (33 )
Market Resources Total(a) 20.7 139.3 (85 )

Questar Pipeline 14.7 15.9 (8 )
Questar Gas 31.8 30.6 4
QUESTAR CORPORATION TOTAL(a) $67.2 $185.8 (64 )%

Earnings per diluted share $0.38 $1.05
Average diluted shares 175.9 176.2

(a) Net income represents amounts attributable to Common Stock after deducting
noncontrolling interest for the first quarter of 2009 and 2008.

"We`re weathering the storm," said Keith O. Rattie, Questar Chairman, President
and CEO. "We've lowered EPS guidance to account for higher Questar E&P
depreciation due to price-related negative reserve revisions. But we`re
maintaining 2009 production guidance, despite some provision for price-related
production curtailments. Questar E&P grew production 19% in the first quarter -
driven by a 44% increase in the Midcontinent. We`ve hedged about 73% of Questar
E&P`s remaining 2009 production at attractive prices, and Questar`s five other
businesses all generate earnings and cash flow that are relatively insensitive
to energy prices. Equally important, our balance sheet is strong, we have
adequate liquidity, and we remain focused on returns - we`ve shifted capital to
projects that deliver acceptable returns even in today`s distressed market,"
Rattie added.

First Quarter 2009 Highlights

* Questar E&P grew natural gas, oil and natural gas liquids (NGL) production 19%
to 46.9 billion cubic feet of natural gas equivalent (Bcfe) compared to 39.5
Bcfe for the 2008 quarter. Natural gas comprised 88% of reported production
volumes.
* Average realized natural gas prices at Questar E&P decreased $0.26 per
thousand cubic feet (Mcf), or 4%, and average realized crude oil and NGL prices
decreased $40.09 per barrel (bbl), or 54%. Natural gas hedges increased reported
revenues by $136.4 million and oil hedges increased revenues by $4.6 million.
* Net mark-to-market losses on natural gas basis-only swaps decreased net income
$84.7 million in the 2009 quarter compared to a gain of $8.6 million in the
year-earlier period.
* Wexpro investment base grew 27% to $400.1 million at March 31, 2009. Wexpro
produced 13.2 Bcf of cost-of-service gas for delivery to affiliate Questar Gas,
up 20% from 11.0 Bcf in the 2008 quarter.
* Gas Management net income fell 38%, due to lower processing margins and
increased depreciation expense. Net processing revenues decreased 41% to $11.9
million due to a 72% decrease in keep-whole processing margin (frac spread).
Depreciation expense grew $4.6 million or 73% as the result of investment
additions in 2008.
* Questar Pipeline net income fell to $14.7 million in the first quarter of
2009, an 8% decrease from the year-ago period, due to lower NGL sales.
* Questar Gas earned $31.8 million, 4% higher than a year ago, driven by an
increase in Utah general rates effective August 2008 and customer growth.
* Questar earned a 13.0% return on assets (ROA - defined as earnings before
interest and income taxes divided by average total assets) for the trailing
12-month period ended March 31, 2009. Market Resources ROA was 14.5%; Questar
Pipeline ROA was 10.2%; and Questar Gas ROA was 7.9%.

Questar Updates 2009 EPS and Production Guidance

Questar now expects full-year 2009 net income to range from $2.30 to $2.45 per
diluted share compared to previous guidance of $2.50 to $2.70 per diluted share.
This revised guidance assumes a higher Questar E&P average depreciation,
depletion and amortization rate per Mcfe as the result of first quarter
price-related reserve revisions. The company estimates that Questar E&P 2009
production will range from 180 to 186 Bcfe, unchanged from prior guidance and up
about 5 to 9% from 2008.

The company`s guidance assumes hedges in place on the date of this release and
excludes mark-to-market gains and losses on basis-only swaps and any net gains
and losses on asset sales. These and other assumptions are summarized in the
table below:

Guidance Assumptions

2009 2009
Current Previous

Earnings per diluted share $2.30-$2.45 $2.50-$2.70
Average diluted shares (millions) 176.8 177.3
Questar E&P DD&A rate per Mcfe $2.85 $2.43
Questar E&P production - Bcfe 180-186 180-186
Pinedale well completions 93-95 93-95
NYMEX gas price per MMBtu(b) $4.00-$5.00 $4.50-$5.50
NYMEX crude oil price per bbl(b) $50.00-$60.00 $45.00-$55.00
NYMEX/Rockies basis differential per MMBtu(b) $2.25-$1.00 $3.00-$1.50
NYMEX/Midcontinent basis differential per MMBtu(b) $1.50-$0.50 $2.00-$1.00

(b)For 2009 unhedged volumes

* Questar E&P has hedged about 73% of forecast natural gas and oil-equivalent
production for the remainder of 2009 with fixed-price swaps. Additionally, the
company has hedged about 14% of forecast remainder of 2009 production with
natural gas basis-only swaps. (See table at the end of this release).
* The company estimates that a $1.00 per MMBtu change in the average NYMEX price
of natural gas for the remainder of 2009 would result in about a $0.05 change in
earnings per diluted share.
* The company also estimates that a $10.00 per barrel change in the average
NYMEX price of oil for the remainder of 2009 would result in about a $0.05
change in earnings per diluted share.

Questar E&P Production Grows 19%; Net Income Declines 115% in First Quarter 2009

Questar E&P - a Market Resources subsidiary that acquires, explores for,
develops and produces natural gas and oil - reported production of 46.9 Bcfe in
the first quarter of 2009 compared to 39.5 Bcfe in the 2008 quarter, a 19%
increase. The growth in production offset lower realized natural gas, crude oil
and NGL prices but net mark-to-market losses on natural gas basis-only swaps and
an 8% increase in per unit production costs resulted in reduced net income
compared to the prior year period. Net mark-to-market losses on natural gas
basis-only swaps decreased first-quarter 2009 net income $84.7 million, compared
to an $8.6 million after-tax gain in the 2008 period.

Questar E&P - Production by Region

3 Months Ended
March 31,
2009 2008 Change
(Bcfe)

Pinedale Anticline 14.6 13.3 10 %
Uinta Basin 6.3 6.7 (6 )
Rockies Legacy 5.0 4.9 2
Subtotal - Rocky Mountains 25.9 24.9 4
Midcontinent 21.0 14.6 44
Total Questar E&P 46.9 39.5 19 %

Questar E&P - Realized Prices and Hedging Impact

3 Months Ended
March 31,
2009 2008 Change

Realized natural gas price ($ per Mcf) $6.64 $6.90 (4 )%
Natural gas hedging impact ($ per Mcf) 3.30 0.20

Realized oil and NGL price ($ per bbl) $34.09 $74.18 (54 )%
Oil and NGL hedging impact ($ per bbl) 5.00 (9.37 )

Net mark-to-market gains (losses) on natural gas basis-only swaps ($ millions)
Pre-tax ($134.9 ) $13.7
After-tax ($84.7 ) $ 8.6

Questar may enter into derivative transactions on up to 100% of forecast
production from proved reserves to lock in acceptable returns on invested
capital and to protect cash flow and net income from a decline in commodity
prices. The company uses natural gas basis-only swaps to protect cash flows and
net income from widening natural gas-price basis differentials that may result
from capacity constraints on regional gas pipelines. However, natural gas
basis-only swaps also expose the company to losses from narrowing natural
gas-price basis differentials.

Questar E&P production costs per unit of gas-equivalent production increased 8%
compared to the first quarter of 2008, due primarily to increased depreciation,
depletion and amortization expense, and allocated interest expense, partially
offset by lower production taxes.

Questar E&P - Production Costs

3 Months Ended
March 31,
2009 2008 Change
(per Mcfe)

Depreciation, depletion and amortization $2.42 $1.82 33 %
Lease operating expense 0.73 0.71 3
General and administrative expense 0.33 0.36 (8 )
Allocated interest expense 0.31 0.26 19
Production taxes 0.33 0.68 (51 )
Production costs $4.12 $3.83 8 %

* Production volume-weighted average depreciation, depletion and amortization
per Mcfe (the DD&A rate) increased due to higher costs for drilling, completion
and related services and the increased cost of steel casing, other tubulars and
wellhead equipment during the peak level of industry activity in 2008. The DD&A
rate also increased due to third and fourth quarter 2008 price-related reserve
revisions, the ongoing depletion of older, lower-cost reserves and the
increasing share of Questar E&P production derived from properties that are
being developed in a higher-cost environment.
* General and administrative expense per Mcfe decreased as the result of
increased production.
* Allocated interest expense per unit of production increased primarily due to
financing costs related to the 2008 acquisition of natural gas development
properties in northwest Louisiana.
* Production taxes per Mcfe decreased in the first quarter of 2009 as the result
of lower natural gas and oil sales prices. The company pays production taxes
based on a percentage of sales prices, excluding the impact of hedges.

Wexpro Net Income Up 16% in First Quarter 2009

Wexpro - a Market Resources subsidiary that manages, develops and produces
cost-of-service reserves for gas utility affiliate Questar Gas - benefited from
a higher average investment base compared to the prior-year period. Wexpro
investment base at March 31, 2009, was $400.1 million compared to $314.5 million
a year ago, a 27% increase. Under a long-standing agreement with the states of
Utah and Wyoming, Wexpro recovers its costs and earns an unlevered after-tax
return of about 19 to 20% on its investment base - the investment in commercial
wells and related facilities, adjusted for working capital and reduced for
deferred income taxes and accumulated depreciation.

Gas Management Net Income Down 38% in First Quarter 2009

Questar Gas Management (Gas Management) - Market Resources` gas-gathering and
processing-services business - reported 38% lower net income in the first
quarter of 2009, resulting from decreased gathering and processing margins and
increased depreciation expense. Gathering margin fell $0.8 million or 3%, and
processing margin decreased $8.5 million or 48%. Net processing revenues
declined 41% to $11.9 million due to reduced frac-spread - the difference
between the market value of the NGL extracted from the gas stream and the cost
of the Btu-equivalent volume of natural gas required to replace the extracted
liquids. Gas Management fee-based gas-processing volumes increased 5% in the
first quarter of 2009 to 52.5 million MMBtu. Fee-based gas-processing revenues
increased 17% compared to the year ago period, while keep-whole processing
margin (frac-spread) decreased 72% or $8.8 million. Approximately 93% of Gas
Management net operating revenue (total revenue less processing plant-shrink)
was derived from fee-based contracts compared to 78% in the 2008 quarter.
Depreciation expense grew $4.6 million or 73% as the result of investment
additions in 2008.

Questar Pipeline Net Income Down 8% in First Quarter 2009

Questar Pipeline - which provides interstate natural gas transportation and
storage services - saw net income fall 8% in the first quarter of 2009. Revenues
decreased $4.4 million or 7%, due to lower NGL revenues and lower interruptible
transportation revenues. NGL prices decreased 63% while NGL sales volumes
increased 20% in the quarter-over-quarter comparison. Operating, maintenance,
general and administrative expenses totaled $0.08 per decatherm transported,
down from $0.11 in the year earlier period, the net result of a 15% increase in
transportation volumes and a 10% decrease in these expenses.

Questar Gas Net Income Up 4% in First Quarter 2009

Questar Gas - which provides retail natural gas distribution services in Utah,
Wyoming and Idaho - reported higher net income, driven by an increase in Utah
general rates effective August 2008 and customer growth, partially offset by
higher expenses, primarily bad-debt expense, demand-side management costs and
interest expense. Operating, maintenance, general and administrative expenses
totaled $46 per customer in the first quarter of 2009, compared to $37 per
customer a year ago as a result of higher demand-side management (DSM) costs.
DSM costs result from the company`s energy conservation programs and are passed
on to customers through periodic rate adjustments. At March 31, 2009, Questar
Gas served 892,829 customers, up 10,955 or 1.2% from March 31, 2008.

First Quarter 2009 Earnings Teleconference

Questar management will discuss first quarter 2009 results and the outlook for
the remainder of 2009 in a conference call with investors Thursday, April 30,
beginning at 9:30 a.m. EDT. The call can be accessed on the company Internet
site at www.questar.com.

About Questar

Questar Corp. (NYSE:STR) is a natural gas-focused energy company with an
enterprise value of about $7.5 billion. Questar finds, develops, produces,
gathers, processes, transports, stores and distributes natural gas.

Forward-Looking Statements

This release includes forward-looking statements within the meaning of Section
27(a) of the Securities Act of 1933, as amended, and Section 21(e) of the
Securities Exchange Act of 1934, as amended. Such statements are based on
management`s current expectations, estimates and projections, which are subject
to a wide range of uncertainties and business risks. Factors that could cause
actual results to differ from those anticipated are discussed in the company`s
periodic filings with the Securities and Exchange Commission, including its
annual report on Form 10-K for the year ended December 31, 2008. Questar
undertakes no obligation to publicly correct or update the forward-looking
statements in this news release, in other documents, or on the Web site to
reflect future events or circumstances. All such statements are expressly
qualified by this cautionary statement.

For more information, visit Questar`s Internet site at: www.questar.com.

Hedge Positions - April 29, 2009

Time Periods Rocky Midcontinent Total Rocky Midcontinent Total
Mountains Mountains
Gas (Bcf) fixed-price swaps Estimated
Average price per Mcf, net to the well

2009
Second quarter 17.4 14.8 32.2 $7.24 $8.12 $7.65
Second half 35.0 30.0 65.0 7.24 8.12 7.65
Remainder of 2009 52.4 44.8 97.2 7.24 8.12 7.65

2010
First half 18.5 26.1 44.6 $4.30 $8.09 $6.52
Second half 18.8 26.6 45.4 4.30 8.09 6.52
12 months 37.3 52.7 90.0 4.30 8.09 6.52

2011
First half 3.3 3.3 $4.63 $4.63
Second half 3.4 3.4 4.63 4.63
12 months 6.7 6.7 4.63 4.63

Gas (Bcf) basis-only swaps Estimated
Average basis per Mcf vs. NYMEX

2009
Second quarter 4.7 1.7 6.4 $2.94 $1.22 $2.49
Second half 9.4 3.4 12.8 2.94 1.22 2.49
Remainder of 2009 14.1 5.1 19.2 2.94 1.22 2.49

2010
First half 18.5 6.6 25.1 $3.58 $0.95 $2.89
Second half 18.7 6.8 25.5 3.58 0.95 2.89
12 months 37.2 13.4 50.6 3.58 0.95 2.89

2011
First half 42.0 6.9 48.9 $2.32 $0.79 $2.10
Second half 42.7 6.9 49.6 2.32 0.79 2.10
12 months 84.7 13.8 98.5 2.32 0.79 2.10

Oil (Mbbl) fixed-price swaps Estimated
Average price per Bbl, net to the well

2009
Second quarter 109 73 182 $60.55 $66.55 $62.95
Second half 221 147 368 60.55 66.55 62.95
Remainder of 2009 330 220 550 60.55 66.55 62.95

QUESTAR CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)

3 Months Ended March 31,
2009 2008
(in millions, except per share amounts)

REVENUES
Market Resources $472.7 $565.6
Questar Pipeline 40.7 44.7
Questar Gas 405.7 390.2
Total Revenues 919.1 1,000.5

OPERATING EXPENSES
Cost of natural gas and other products sold
(excluding operating expenses shown separately)
315.3 404.0
Operating and maintenance 100.3 89.7
General and administrative 41.2 40.5
Production and other taxes 29.0 40.8
Depreciation, depletion and amortization 161.3 110.7
Exploration 3.1 3.5
Abandonment and impairment 3.7 2.6
Total Operating Expenses 653.9 691.8
Net gain (loss) from asset sales 1.9 (0.1 )
OPERATING INCOME 267.1 308.6
Interest and other income 4.4 2.0
Income from unconsolidated affiliates 1.6 0.2
Net mark-to-market gain (loss) on basis-only swaps (134.9 ) 13.7
Interest expense (31.8 ) (25.6 )
INCOME BEFORE INCOME TAXES 106.4 298.9
Income taxes 38.7 110.7
NET INCOME 67.7 188.2
Net income attributable to noncontrolling interest 0.5 2.4
NET INCOME ATTRIBUTABLE TO QUESTAR $67.2 $185.8

EARNINGS PER COMMON SHARE
Basic $0.39 $1.08
Diluted 0.38 1.05
Weighted-Average Common Shares Outstanding
Basic 173.8 172.4
Diluted 175.9 176.2
Dividends Per Common Share $0.125 $0.1225

QUESTAR CORPORATION
OPERATIONS BY LINE OF BUSINESS
(Unaudited)

3 Months Ended March 31,
2009 2008
(in millions)
Revenues from Unaffiliated Customers
Questar E&P $307.4 $299.7
Wexpro 2.4 8.3
Gas Management 48.3 63.1
Energy Trading and other 114.6 194.5
Market Resources 472.7 565.6
Questar Pipeline 40.7 44.7
Questar Gas 405.7 390.2
Total $919.1 $1,000.5

Revenues from Affiliated Companies
Wexpro $59.5 $46.4
Gas Management 6.7 5.8
Energy Trading and other 93.2 226.3
Market Resources 159.4 278.5
Questar Pipeline 19.1 19.5
Questar Gas 2.0
Total $178.5 $300.0

Operating Income
Questar E&P $123.8 $152.0
Wexpro 28.9 25.4
Gas Management 19.6 33.1
Energy Trading and other 8.3 12.2
Market Resources 180.6 222.7
Questar Pipeline 29.3 32.5
Questar Gas 57.2 53.4
Total $267.1 $308.6

Net Income (Loss) Attributable to Questar
Questar E&P ($14.9 ) $96.5
Wexpro 18.8 16.2
Gas Management 11.4 18.5
Energy Trading and other 5.4 8.1
Market Resources 20.7 139.3
Questar Pipeline 14.7 15.9
Questar Gas 31.8 30.6
Total $67.2 $185.8

QUESTAR CORPORATION
SELECTED OPERATING STATISTICS
(Unaudited)

3 Months Ended March 31,
2009 2008

MARKET RESOURCES
Questar E&P production volumes
Natural gas (Bcf) 41.4 34.8
Oil and natural gas liquids (MMbbl) 0.9 0.8
Total production (Bcfe) 46.9 39.5
Average daily production (MMcfe) 521.3 433.8
Questar E&P average realized price,
net to the well (including hedges)

Natural gas (per Mcf) $6.64 $6.90
Oil and NGL (per bbl) $34.09 $74.18
Wexpro investment base at March 31, net of
depreciation and deferred income taxes (millions)
$400.1 $314.5
Gas Management natural gas processing volumes
NGL sales (MMgal) 21.4 21.4
NGL sales price (per gal) $0.47 $1.21
Fee-based processing (millions of MMBtu) (1)
For unaffiliated customers 24.8 24.7
For affiliated customers 27.7 25.5
Total fee-based processing volumes 52.5 50.2
Fee-based processing (per MMBtu) $0.16 $0.14
Gas Management natural gas gathering volumes (millions of MMBtu) (1)
For unaffiliated customers 65.1 51.3
For affiliated customers 44.9 37.3
Total gathering 110.0 88.6
Gathering revenue (per MMBtu) (1) $0.29 $0.32
Energy Trading gas and oil marketing volumes (MMdthe) 53.4 53.6
QUESTAR PIPELINE
Natural gas transportation volumes (MMdth)
For unaffiliated customers 153.9 129.8
For Questar Gas 44.4 43.2
For other affiliated customers 1.2 0.9
Total transportation 199.5 173.9
Transportation revenue (per dth) $0.21 $0.25
Firm-daily transportation demand at March 31, (including
White River Hub of 1,005 Mdth in 2009)
4,219 3,169
Natural gas processing
NGL sales (MMgal) 3.0 2.5
NGL sales price (per gal) $0.59 $1.61
QUESTAR GAS
Natural gas volumes (MMdth)
Residential and commercial 44.5 49.9
Industrial 0.3 0.4
Transportation for industrial customers 16.5 16.0
Total industrial 16.8 16.4
Total deliveries 61.3 66.3
Natural gas revenue (per dth)
Residential and commercial sales $8.81 $7.53
Industrial 7.57 6.57
Transportation for industrial customers $0.15 $0.14
Temperatures - colder (warmer) than normal (1 %) 12 %
Temperature-adjusted usage per customer (dth) 47.4 49.2
Customers at March 31, (thousands) 892.8 881.9
(1) one MMBtu = one dth

QUESTAR CORPORATION
PRELIMINARY CONDENSED CONSOLIDATED BALANCE SHEETS

March 31, December 31,
2009 2008
(Unaudited)
(in millions)
ASSETS
Current Assets
Cash and cash equivalents $23.9
Accounts receivable, net $348.7 482.4
Fair value of derivative contracts 473.4 431.3
Inventories 155.1 192.4
Prepaid expenses and other 57.4 55.0
Total Current Assets 1,034.6 1,185.0
Property, Plant and Equipment 10,479.5 10,229.8
Accumulated depreciation, depletion and amortization (3,246.6 ) (3,096.8 )
Net Property, Plant and Equipment 7,232.9 7,133.0
Investment in unconsolidated affiliates 69.9 68.4
Goodwill 69.9 70.0
Fair value of derivative contracts 114.8 106.3
Other noncurrent assets, net 60.8 68.0
Total Assets $8,582.9 $8,630.7

LIABILITIES AND EQUITY
Current Liabilities
Checks outstanding in excess of cash balances $16.3
Short-term debt 65.5 $231.1
Accounts payable and accrued expenses 432.4 681.6
Fair value of derivative contracts 9.1 0.5
Purchased-gas adjustment 98.6 45.8
Deferred income taxes - current 158.8 130.6
Current portion of long-term debt 42.0 42.0
Total Current Liabilities 822.7 1,131.6
Long-term debt, less current portion 2,129.0 2,078.9
Deferred income taxes 1,346.7 1,334.1
Fair value of derivative contracts 156.3 69.0
Other long-term liabilities 576.2 569.6
Common Shareholders' Equity 3,493.9 3,418.0
Noncontrolling interest 58.1 29.5
Total Equity 3,552.0 3,447.5
Total Liabilities and Equity $8,582.9 $8,630.7

QUESTAR CORPORATION
PRELIMINARY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)

3 Months Ended March 31,
2009 2008
(in millions)

OPERATING ACTIVITIES
Net income $67.7 $188.2
Adjustments to reconcile net income to net cash
provided from operating activities:
Depreciation, depletion and amortization 163.3 112.6
Deferred income taxes 7.4 68.6
Share-based compensation 5.4 4.0
Abandonment and impairment 3.7 2.6
Net (gain) loss from asset sales (1.9 ) 0.1
Dry exploratory well expense (0.1 )
(Income) from unconsolidated affiliates (1.6 ) (0.2 )
Distributions from unconsolidated affiliates and other 0.1 0.8
Net mark-to-market (gain) loss on basis-only swaps 134.9 (13.7 )
Changes in operating assets and liabilities 101.9 (53.3 )
NET CASH PROVIDED FROM OPERATING ACTIVITIES 480.8 309.7

INVESTING ACTIVITIES
Capital expenditures (390.5 ) (995.4 )
Cash used in disposition of assets (0.2 ) (2.7 )
Proceeds from disposition of assets 7.1 0.4
NET CASH USED IN INVESTING ACTIVITIES (383.6 ) (997.7 )

FINANCING ACTIVITIES
Common stock (0.8 ) (7.8 )
Long-term debt issued, net of issuance costs 50.0 994.8
Long-term debt repaid (193.0 )
Change in short-term debt (165.6 ) (108.6 )
Checks outstanding in excess of cash balances 16.3 3.8
Dividends paid (21.7 ) (21.2 )
Excess tax benefits from share-based compensation 0.7 7.1
Distribution to noncontrolling interest (2.3 )
Other 1.0
NET CASH PROVIDED FROM (USED IN) FINANCING ACTIVITIES (121.1 ) 673.8

Change in cash and cash equivalents (23.9 ) (14.2 )
Beginning cash and cash equivalents 23.9 14.2
Ending Cash and Cash Equivalents $ - $ -

Questar Corp., Salt Lake City
Martin H. Craven, 801-324-5077

Copyright Business Wire 2009