WGL Holdings Q3 Loss Widens; Lifts FY14 Adj. EPS Outlook

(RTTNews) - Gas utility WGL Holdings Inc (WGL) Wednesday reported third-quarter net loss applicable to common stock of $11.9 million or $0.23 per share, wider than $10.0 million or $0.19 per share last year.

Excluding items, adjusted earnings for the quarter were $0.8 million or $0.02 per share, compared with a net loss of $1.6 million or $0.03 per share a year ago.

Revenues for the quarter were $467.50 million, down from $478.12 million in the prior year.

Analysts polled by Thomson Reuters estimated a loss of $0.07 per share on revenues of $492.62 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal year 2014, the company now expects adjusted earnings of $2.55 to $2.75 per share, up from prior guidance of $2.40 to $2.60 per share. Analysts expect earnings of $2.38 per share.