Questar Corporation (STR) Misses Q2 EPS by 2c
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Questar Reports Second-Quarter 2016 Adjusted Earnings of $35.4 Million, $0.20 Per Diluted Share
August 3, 2016 4:55 PM EDTSALT LAKE CITY--(BUSINESS WIRE)-- Questar Corporation (NYSE: STR) reported second-quarter 2016 net income of $33.1 million, or $0.19 per diluted share. This included $2.3 million of after-tax merger and restructuring costs. Excluding these costs, adjusted earnings were $35.4 million, or $0.20 per adjusted diluted share, compared to second-quarter 2015 net income of $40.6 million, or $0.23 per diluted share. Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) for the quarter were $126.5 million compared to $130.1 million in the year-ago period. Return on average common equity (ROE) was 14.6% for the 12 months ended June 30, 2016. When calculated using adjusted earnings, Questars ROE was 16.6%.
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