For the quarter ended September 30, 2012, the Corporate and All Other category had a loss of $3.7 million, or $0.04 per share, compared to a loss of $1.4 million, or $0.02 per share, in the prior year’s fourth quarter. The increased loss is mainly due to higher income taxes, lower income from unconsolidated subsidiaries and higher Corporate operating expenses. Higher earnings from Midstream’s pipeline gathering and natural gas processing operations partially offset the higher loss.Earnings in the Corporate and All Other category for the fiscal year ended September 30, 2012, were $0.3 million, or $0.01 per share, a decrease of $30.4 million, or $0.35 per share, when compared to the earnings for the fiscal year ended September 30, 2011. The comparability of the results for the fiscal years ended September 30, 2012, and September 30, 2011, was impacted by a $31.4 million gain realized on the February 2011 Horizon Power, Inc. sale of its interest in certain entities that owned electric generation assets powered by landfill gas.
National Fuel Reports 2012 Earnings
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