Questar Reports Second Quarter Income From Continuing Operations Of $28.7 Million
Wednesday, 28 July 2010 02:11
Company completes spin-off of QEP Resources Inc., affirms 2010 EPS guidance
Questar Corp. (NYSE:STR) reported income of $28.7 million or $0.16 per diluted share from continuing operations, including a $7.1 million or $0.04 per diluted share charge for separation costs associated with the June 30, 2010 spin-off of QEP Resources, Inc. (NYSE: QEP).
Income decreased 13% in the quarter, compared to $33.0 million or $0.18 per diluted share for the second quarter of 2009.
Excluding the separation charges, Questar earned $35.8 million or $0.20 per diluted share for the quarter.
