Vectren Corp. (VVC) Tops Q4 EPS by 5c
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Vectren Corporation Reports 2016 Results; Initiates 2017 Earnings Expectations; Increases Long-Term Outlook
February 22, 2017 4:15 PM ESTEVANSVILLE, IN -- (Marketwired) -- 02/22/17 -- Vectren Corporation (NYSE: VVC) today reported net income for the year ended Dec. 31, 2016, of $211.6 million, or $2.55 per share, compared to net income of $197.3 million, or $2.39 per share, in 2015. Fourth quarter 2016 consolidated net income was $69.6 million, or $0.84 per share, compared to $65.2 million, or $0.79 per share, in the fourth quarter of 2015.
Summary and highlights of results
Utility Group earnings were $173.6 million, or $2.10 per share, in 2016, compared to $160.9 million, or $1.95 per share, in 2015. For the year, 2016 results include an estimated $0.02... More