This Is a Test From PR Newswire - 1
ALBUQUERQUE, N.M., June 22 /PRNewswire/ -- This is a test from PR Newswire.
This is a test from PR Newswire. This is a test from PR Newswire. This is a
test from PR Newswire. This is a test from PR Newswire. This is a test from PR
Newswire. This is a test from PR Newswire. This is a test from PR Newswire.
This is a test from PR Newswire. This is a test from PR Newswire. This is a
test from PR Newswire. This is a test from PR Newswire. This is a test from PR
Newswire. This is a test from PR Newswire. This is a test from PR Newswire.
This is a test from PR Newswire. This is a test from PR Newswire. This is a
test from PR Newswire. This is a test from PR Newswire. This is a test from PR
Newswire. This is a test from PR Newswire. This is a test from PR Newswire.
This is a test from PR Newswire. This is a test from PR Newswire.
This Is a Test From PR Newswire
This is a test from PR Newswire. This is a test from PR Newswire. This is a
test from PR Newswire. This is a test from PR Newswire. This is a test from PR
Newswire.
TEST CORPORATION
SUMMARY UNAUDITED OPERATING
RESULTS
(In thousands, except per share
amounts)
THREE MONTHS ENDED
SIX MONTHS ENDED TWELVE MONTHS ENDED
JUNE 30,
JUNE 30, JUNE 30,
--------
-------- --------
2009 2008
2009 2008 2009 2008
---- ----
---- ---- ---- ----
Results of Consolidated Operations
Contribution to net income (loss) - operations $(4,444) $(2,222)
$44,444 $55,555 $77,777 $77,777
Contribution to net income - services 2,222 2,525
2,020 3,636 9,090 10,201
----- -----
----- ----- ----- ------
Net income (loss) $(2,727) $(333)
$46,464 $49,494 $80,808 $85,858
======= =====
======= ======= ======= =======
Earnings (loss) per share - operations $(0.12) $(0.09)
$1.16 $1.13 $1.70 $1.85
Earnings per share - services 0.08 0.01
0.08 0.12 0.35 0.32
---- ----
---- ---- ---- ----
Basic earnings (loss) per share $(0.09) $(0.03)
$1.14 $1.12 $1.83 $2.02
====== ======
===== ===== ===== =====
Diluted earnings (loss) per share $(0.13) $(0.08)
$1.02 $1.13 $1.95 $2.36
====== ======
===== ===== ===== =====
Average outstanding common shares 43,343 42,224
43,134 42,124 42,824 41,614
Average shares outstanding (assuming dilution) - -
43,434 42,524 43,134 42,124
Results of Natural Gas Operations
Operating revenues $353,353 $344,443
$1,094,901 $1,071,701 $1,837,381 $1,836,381
Net cost of product sold 204,204 198,198
705,705 692,692 1,098,109 1,114,111
------- -------
------- ------- --------- ---------
Operating margin 148,148 145,145
389,389 378,378 738,738 722,722
Operations and maintenance expense 83,638 93,090
169,880 165,762 323,239 383,315
Depreciation and amortization 41,214 39,039
81,081 77,077 160,016 150,015
Taxes other than income taxes 9,009 9,893
19,019 20,401 36,963 39,163
----- -----
------ ------ ------ ------
Operating income 13,921 13,127
118,634 112,849 202,008 195,772
Other income (expense) (606) 3,643
(2,142) 5,025 (2,332) 10,101
Net interest deductions 28,093 25,131
42,029 42,346 86,326 84,382
Net interest deductions on subordinated debentures 1,923 1,329
3,648 3,638 7,287 7,257
----- -----
----- ----- ----- -----
Income (loss) before income taxes (9,959) (5,788)
70,714 71,268 111,378 115,511
Income tax expense (benefit) (4,269) (3,203)
25,172 25,990 40,672 40,605
------ ------
------ ------ ------ ------
Contribution to net income (loss) - operations $(4,790) $(2,585)
$44,444 $45,754 $71,111 $75,155
======= =======
======= ======= ======= =======
SOURCE PR Newswire Test
information@prnewswire.com
