Regulated transmission and storage gross profit increased $3.9 million to $60.7 million for the quarter ended December 31, 2012, compared with $56.8 million in the prior-year quarter. This increase is primarily the result of increased revenue from the Gas Reliability Infrastructure Program (GRIP) filing that became effective in April 2012.Nonregulated gross profit increased $7.1 million to $22.5 million for the first quarter of fiscal 2013, compared with $15.4 million for the prior-year quarter. Realized margins for gas delivery, storage and transportation services and other services decreased $0.7 million quarter-over-quarter, primarily due to a seven percent decrease in consolidated sales volumes, which was largely attributable to warmer weather. Asset optimization margins increased $6.5 million from the prior-year quarter, primarily due to smaller losses incurred from the settlement of financial positions, partially offset by higher storage demand fees. Additionally, realized asset optimization margins in the prior-year quarter included a $1.7 million charge to write down to market certain natural gas inventory that no longer qualified for fair value hedge accounting.
Atmos Energy Corporation Reports Earnings For Fiscal 2013 First Quarter; Company Affirms Fiscal 2013 Guidance
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