Niska Gas Storage Partners (NKA) Reports Q2 Loss of 78c/Share, Comments on Outlook

Niska Gas Storage Partners (NYSE: NKA) reported Q2 EPS of ($0.78), may not compare to the analyst estimate of ($0.21).

Storage Operations and Outlook

“We continue to find ourselves in a challenging natural gas storage environment,” commented Bill Shea, Chairman, President and Chief Executive Officer. “We experienced narrow seasonal spreads and low volatility in our fiscal second quarter, which negatively impacted our second quarter results. These unfavorable conditions have continued into the third quarter. Given the uncertain market conditions going forward, we are not in a position to provide guidance with respect to our Adjusted EBITDA, Cash Available for Distribution or results of operations for the fiscal year ending March 31, 2015.”

For earnings history and earnings-related data on Niska Gas Storage Partners (NKA) click here.

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