Volume 13, Issue 80 August 8, 2016
In this Issue
WGL Holdings, Inc. Reports Third Quarter Fiscal Year 2016 Financial Results; Affirms Fiscal Year 2016 Guidance
Editor's Note
Summer Withdrawal
Upcoming Events
WGL Energy to Exhibit at MACo's 2016 Summer Conference
Energy Efficiency
More Organizations Are Focusing on Energy Efficiency
Natural Gas Fundamentals
Natural Gas Storage Update
Rig Count for Natural Gas
NYMEX Natural Gas Monthly Settlements for the Past 12 Months
NYMEX Values per Month for the Forward 12 Months
NYMEX Graph for Natural Gas - 12 Month Average Price per Therm at the Louisiana Well-Head
PJM Electricity
PJM Graph for Electricity - 12 Month Average Peak Power Price
Weather
Local Cooling Degree Days*
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WGL Holdings, Inc. Reports Third Quarter Fiscal Year 2016 Financial Results; Affirms Fiscal Year 2016 Guidance

 

The following is an excerpt of an August 3, 2016 press release issued by WGL Holdings, Inc., disclosing the company’s third quarter results. Please visit the WGL Holdings, Inc. website to view the full press release.

WGL Holdings, Inc. (NYSE: WGL), the parent company of Washington Gas Light Company (Washington Gas) and other energy-related subsidiaries, today reported net income applicable to common stock determined in accordance with generally accepted accounting principles in the United States of America (GAAP) for the quarter ended June 30, 2016, of $2.0 million, or $0.04 per share, an improvement of $17.7 million, or $0.36 per share, over a net loss applicable to common stock of $(15.7) million, or $(0.32) per share, reported for the quarter ended June 30, 2015.

For the nine months ended June 30, 2016, net income applicable to common stock was $176.5 million, or $3.50 per share, an improvement of $46.8 million, or $0.91 per share, over net income applicable to common stock of $129.7 million, or $2.59 per share, for the same period of the prior fiscal year. Our operations are seasonable and accordingly, our operating results for the three and nine months ended June 30, 2016, may not be indicative of the results expected for the 12 months ending September 30, 2016.

For the quarter ended June 30, 2016, operating earnings were $17.0 million, or $0.33 per share, compared to operating earnings of $10.7 million, or $0.22 per share, for the same quarter of the prior fiscal year. For the nine months ended June 30, 2016, operating earnings were $165.7 million, or $3.29 per share, compared to operating earnings of $169.8 million, or $3.39 per share, for the same period of the prior fiscal year.

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