This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Aquila Loss Widens

Aquila (ILA) said its loss widened in the second quarter, hurt by a repositioning program.

The electricity and natural gas service provider lost $155 million, or 41 cents a share, in the quarter, compared with a loss of $27.2 million, or 6 cents a share, a year ago. The current quarter's loss includes $218 million of charges related to an assignment of the company's Elwood tolling contracts and $22.7 million of costs associated with the early retirement of $350 million in debt. Analysts polled by Thomson First Call were expecting the company to lose 5 cents a share.

Second-quarter revenue rose 7.7% to $283 million as against analysts' expectation of $267.2 million in the most recent quarter.

Earnings before interest, taxes, depreciation and amortization for electric utilities increased 37.9% to $38.9 million in the second quarter. For gas utilities, earnings before interest, taxes, depreciation and amortization was $2.6 million in the quarter, compared with a loss of $1 million a year ago. Merchant services reported a loss before interest, taxes, depreciation and amortization of $224.6 million in the second quarter compared with a gain of $7 million in the second quarter of 2005, due to $218 million charge related to the assignment of the Elwood tolling contracts.

"We have executed the initial phase of our debt reduction plan using proceeds received from asset sales through June,'' the Kansas City, Mo.-based company said. "Our repositioning plan continues to strengthen the company's financial position, creating a stable platform to provide the energy needed to meet the growing demand in the communities we serve."



This story was created through a joint venture between TheStreet.com and IRIS.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,195.42 +221.11 1.30%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,566.1380 +16.9120 0.37%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs