Connecticut Natural Gas reports financial results.HARTFORD Hartford, city (1990 pop. 139,739), state capital, Hartford co., central Conn., on the west bank of the Connecticut River; settled as Newtown 1635–36 on the site of a Dutch trading post (1633; abandoned 1654), inc. 1784. , Conn.--(BUSINESS WIRE)--April 25, 1995--Connecticut Natural Gas Corp. (NYSE NYSE See: New York Stock Exchange : CTG CTG Cartridge CTG Center for Technology in Government (SUNY, Albany, New York) CTG Center for Technology in Government CTG Computer Task Group (IT consulting company; Buffalo, NY, USA) ) today reported consolidated net income for the second quarter fiscal 1995, ending March 31, 1995 of $12,924,000, compared to $15,036,000, for fiscal year 1994. The consolidated earnings per share were $1.30, compared to $1.57 for the second quarter of fiscal year 1994. Victor H. Frauenhofer, chairman and chief executive officer said, "Earnings for the quarter were lower due to weather that was 18 percent warmer than last year and 7 percent warmer than normal. Sales to firm customers were down by 17.2 percent for the second quarter. The lower earnings were partially offset by higher interruptible sales and margins and lower operating and maintenance expenses." Connecticut Connecticut, state, United States Connecticut (kənĕt`ĭkət), southernmost of the New England states of the NE United States. It is bordered by Massachusetts (N), Rhode Island (E), Long Island Sound (S), and New York (W). Natural Gas Corp. is the largest distributor of natural gas in Connecticut and currently serves 22 municipalities in the Greater Hartford Greater Hartford is a region located in the state of Connecticut, centered around the state's capital of Hartford. Hartford's role as a focal point for the American insurance industry is known nationally. The vibrant music and arts scene defines the region's culture. area and Greenwich Greenwich, borough, Greater London, England Greenwich (grĭn`īj, grĕn`–), outer borough (1991 pop. 200,800) of Greater London, SE England, on the Thames River. Manufactures include telephone equipment and underwater cable. .
Connecticut Natural Gas Corp.
Period ending March 31, 1995 (dollars in thousands except per share data)
Twelve Months Ended Three Months Ended
March 31, March 31,
1995 1994 1995 1994
Consolidated gross revenues $270,028 $285,094 $105,540 $122,565 Consolidated net income $ 14,995 $ 19,075 $ 12,924 $ 15,036 Balance available for common stock $ 14,931 $ 19,009 $ 12,908 $ 15,020 Consolidated net income per common share $ 1.53 $ 1.99 $ 1.30 $ 1.57 Average common shares outstanding 9,730,343 9,541,288 9,931,278 9,539,078 Dividends per common share $ 1.48 $ 1.48 $ 0.37 $ 0.37 CONTACT: Connecticut Natural Gas Corp., Hartford Mary Mary, the mother of Jesus Mary, in the Bible, mother of Jesus. Christian tradition reckons her the principal saint, naming her variously the Blessed Virgin Mary, Our Lady, and Mother of God (Gr., theotokos). Her name is the Hebrew Miriam. M. Hart, 203/727-3155 |
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