On Wednesday afternoon, MarkWest Energy announced second-quarter results that were lower than last year, though roughly in line with expectations. Contending with meager gas and NGL prices, net income was cut by more than half to $84 million from $187 million last year, and though processing volumes actually increased dramatically by 53% over last year, weak commodity prices prevented a commensurate profit increase. Distributable cash … Continue reading MarkWest Energy Reports Lower Q2 Results

Atmos Energy reported solid third-quarter earnings per share from continued operations of $0.42, compared with $0.32 in the year-ago quarter. Management reaffirmed its fiscal 2013 EPS forecast range of $2.45-$2.55 per share. The company will pay a $1.40 per share dividend in fiscal 2013, a 1.4% increase from 2012. Natural gas distribution gross profit rose sharply, up $44 million or 23%. Roughly 65% of the … Continue reading Atmos Energy Benefits from Natural Gas Profits in Q3

U.K.-based fund manager Henderson Group reported an impressive underlying profit before tax of GBP 101 million for first-half 2013, up 22% on first half 2012 and in line with our expectations and guidance. Diluted earnings per share of 8 pence per share increased 14% on 7 pence in first-half 2012. Assets under management increased 3.5% from GBP 66 billion at December 2012 to GBP 68 … Continue reading Henderson Group Reports Impressive Underlying Profit

Telstra reported a fiscal 2013 result in line with Street expectations. The low single-digit earnings growth was driven by mobile and the network, applications and services (NAS) divisions. Mobile revenue increased 6% to AUD 9.2 billion, driven by strong subscriber growth and increase in market share. Increased demand for cloud services from corporates lifted NAS revenue by 17.7% to AUD 1.5 billion. Payment from the … Continue reading Subscriber Growth Helps Telstra Meet Expectations