Once these most recent quarterly results are finalized, they will be run through TheStreet.com Ratings' model and our ratings will be adjusted accordingly. To keep up to date on all of our ratings, visit TheStreet.com Ratings Screener.to be $1.31 billion.
On Feb. 5, 2009,
reported that its Q4 FY08 earnings plummeted 73.8% to $50.60 million or $0.46 per share from $193.20 million or $1.75 per share in Q4 FY07. Excluding $400,000 loss from discontinued operations, income from continuing operations slumped to $51.00 million or $0.46 per share from $198.30 million or $1.80 per share. The latest quarterly results missed the consensus estimate of $0.56 per share.
Total operating revenue inched up 1.2% to $882.00 million from $871.40 million in the year-ago period. While Electric revenue inched down 1.0% to $552.90 million, Gas revenue spiked 8.2% to $207.30 million. Similarly, other revenue surged 71.0% to $37.80 million, and non-regulated revenue descended 15.5% to $84.00 million. Looking at the metrics, total utility electric sales declined 6.3% to 7.83 million Megawatt hours (MWh) from 8.36 million mWh in the prior year's quarter. Moreover, total utility retail electric customers increased marginally to 978,114 from 977,321. Additionally, total utility gas sold and transported slipped 5.5% to 34.08 million dekatherms (Dth) from 32.31 million Dth, and the total number of utility retail gas customers at the end of Q4 FY08 edged up to 411,190 from 409,790 a year ago.
During the quarter under review, Patricia Kampling was made the Vice President, CFO and Treasurer, while Eliot Protsch was made the Senior Executive Vice President and CEO. Recently, the company declared a quarterly dividend of $0.36 per share payable on Feb. 13, 2009.
For FY08, LNT's net earnings descended 32.3% to $288.00 million or $2.61 per share from $425.30 million or $3.78 per share in FY07. Annual revenue increased 7.1% to $3.68 billion from $3.44 billion.
Looking ahead to FY09, Alliant Energy reaffirmed its earnings guidance to be in the range of $2.18 per share to $2.48 per share. Also, it expects capital expenditure
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