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AGL Resources, Inc. Q2 2008 Earnings Call Transcript

AGL Resources Inc (ATG) Q2 FY08 Earnings Call Complete Story »

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AGL posts loss of $11 million

AGL Resources posted a second-quarter net loss of $11 million, or 15 cents a share, compared with a profit of $30 million or 40 cents a share a year ago.

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AGL Resources dips to $11M Q2 loss

AGL Resources Inc. went into the red for the second quarter, hit by rising natural gas prices and the resulting hedge losses . (ATG)

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AGL Resources Reports Second Quarter 2008 Results; Reaffirms Fiscal 2008 Earnings Guidance

-- Reported GAAP diluted earnings per share (EPS) of $(0.15), compared to EPS of $0.40 per diluted share for second quarter 2007 -- Earnings, excluding the impact of hedge gains and losses and inventory valuation adjustments for the wholesale services operating segment, were $0.30 per diluted share for second quarter 2008 vs. $0.27 per diluted share for the prior-year period. -- Company reaffirms...

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AGL Resources: Q2 earnings to be hurt by hedge losses

AGL Resources Inc. said Thursday it expects its second-quarter earnings to take a hit from rising natural gas prices and resulting hedge losses. (ATG)

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AGL Resources Expects Second-Quarter 2008 Earnings Results to Be Lower Than the Prior-Year Quarter; Full-Year Earnings Guidance Remains the Same

Rising Natural Gas Prices Result in Reported Losses on Hedges Used by Wholesale Services to Lock in Margins; Earnings Will Be Realized When Natural Gas Inventory is Withdrawn from Storage ATLANTA, July 10 /PRNewswire-FirstCall/ -- AGL Resources Inc. (NYSE: ATG) today announced, and reminded the investment community, that its reported earnings are subject to volatility due to changes in natural...

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AGL Resources Issues First Corporate Responsibility Report

ATLANTA, June 3 /PRNewswire-FirstCall/ -- AGL Resources (NYSE: ) today issued its first corporate responsibility report. Titled "The Right Reasons," the report details the company's commitments to protect the environment and the health and safety of its employees and customers, give back to the communities it serves, and attract and retain a diverse workforce. "We believe there is not just a good...

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AGL's Golden Triangle project underway

AGL Resources Inc.'s Golden Triangle Storage Inc. subsidiary has begun its underground natural gas storage project on the Spindletop salt dome near Beaumont, Texas. (ATG)

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AGL Resources' Golden Triangle Storage Project Breaks Ground

BEAUMONT, Texas, May 7 /PRNewswire-FirstCall/ -- Golden Triangle Storage, Inc., a wholly-owned subsidiary of AGL Resources (NYSE ATG), today broke ground on its underground natural gas storage project located on the Spindletop salt dome on the southern edge of Beaumont in Jefferson County, Texas. "This is an exciting day and we are thrilled to begin construction on this project," said Dana Grams,...

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AGL Resources, Inc. Q1 2008 Earnings Call Transcript

AGL Resources Inc. (ATG) Q1 FY08 Earnings Call Complete Story »

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AGL Resources CEO Tells Shareholders Natural Gas Has Important Long-Term Role in Meeting Our Nation's Future Energy Needs; Board of Directors Declares Quarterly Dividend

ATLANTA, April 30 /PRNewswire-FirstCall/ -- AGL Resources (NYSE: ) Chairman, President and CEO John W. Somerhalder II told attendees of today's Annual Meeting of Shareholders that the energy market fundamentals are very favorable to natural gas now and for the foreseeable future, given its environmental and efficiency advantages. At the meeting held in the company's Atlanta headquarters, shareholders...

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AGL Resources Q1 profit dips

AGL Resources Inc.'s profit decreased 13 percent in the first quarter. (ATG)

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AGL Resources posts lower first-quarter profit

NEW YORK (MarketWatch) -- AGL Resources Inc. said Wednesday that its first-quarter net income fell to $89 million, or $1.16 a share, from $102 million, or $1.30 a share, a year earlier. A Thomson Financial survey of analysts, on average, projected earnings of $1.28 a share for the quarter. The Atlanta-based energy-services company said operating revenue rose to $1.01 billion from $973 million a year...

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AGL Resources Reports First Quarter 2008 Results

ATLANTA, April 30 /PRNewswire-FirstCall/ -- AGL Resources Inc. (NYSE: ATG) today reported first quarter net income of $89 million, or $1.17 per basic and $1.16 per diluted share, compared to net income of $102 million, or $1.31 per basic share ($1.30 per diluted share) reported for the prior-year period. The company's earnings results reflect lower contributions from the retail energy operations...