0001193125-11-207141.txt : 20110803 0001193125-11-207141.hdr.sgml : 20110803 20110803060530 ACCESSION NUMBER: 0001193125-11-207141 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110802 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110803 DATE AS OF CHANGE: 20110803 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALABAMA GAS CORP CENTRAL INDEX KEY: 0000003146 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 630022000 STATE OF INCORPORATION: AL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 002-38960 FILM NUMBER: 111005195 BUSINESS ADDRESS: STREET 1: 605 RICHARD ARRINGTON JR BLVD NORTH CITY: BIRMINGHAM STATE: AL ZIP: 35203 BUSINESS PHONE: 2053262742 MAIL ADDRESS: STREET 1: 605 RICHARD ARRINGTON JR BLVD NORTH CITY: BIRMINGHAM STATE: AL ZIP: 35203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENERGEN CORP CENTRAL INDEX KEY: 0000277595 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 630757759 STATE OF INCORPORATION: AL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07810 FILM NUMBER: 111005194 BUSINESS ADDRESS: STREET 1: 605 RICHARD ARRINGTON JR BLVD N CITY: BIRMINGHAM STATE: AL ZIP: 35203-2707 BUSINESS PHONE: 2053262997 MAIL ADDRESS: STREET 1: 605 RICHARD ARRINGTON JR BLVD N CITY: BIRMINGHAM STATE: AL ZIP: 35203 FORMER COMPANY: FORMER CONFORMED NAME: ALAGASCO INC DATE OF NAME CHANGE: 19851002 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report

August 2, 2011

 

 

 

Commission

File Number

  

Registrant

  

State of Incorporation

    IRS Employer
Identification Number

1-7810

2-38960

  

Energen Corporation

Alabama Gas Corporation

  

Alabama

Alabama

    63-0757759

63-0022000

 

605 Richard Arrington Jr. Boulevard North

Birmingham, Alabama

   35203
(Address of principal executive offices)   (Zip Code)

(205) 326-2700

(Registrant’s telephone number including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

ITEM 7.01 Regulation FD Disclosure

Energen Corporation has included reconciliations of certain Non-GAAP financial measures to the related GAAP financial measures. These Non-GAAP financial measures will be disclosed at various investor/analyst meetings in the coming weeks. The reconciliation is attached hereto as exhibit 99.1.

 

ITEM 9.01 Financial Statements and Exhibits

(d) Exhibits.

The following exhibits are furnished as part of this Current Report on Form 8-K.

 

Exhibit
Number:

      
99.1    Non-GAAP Financial Measures Reconciliation

 

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

     

ENERGEN CORPORATION

ALABAMA GAS CORPORATION

        August 2, 2011              

By /s/ Charles W. Porter, Jr.

     

Charles W. Porter, Jr.

Vice President, Chief Financial Officer and Treasurer of Energen Corporation and Alabama Gas Corporation

 

3

EXHIBIT INDEX

 

EXHIBIT
NUMBER

   

DESCRIPTION

99.1    * Non-GAAP Financial Measures Reconciliation

 

* This exhibit is furnished to, but not filed with, the Commission by inclusion herein.

 

4

EX-99.1 2 dex991.htm NON-GAAP FINANCIAL MEASURES RECONCILIATION Non-GAAP Financial Measures Reconciliation

Exhibit 99.1

Non-GAAP Financial Measures

The United States Securities and Exchange Commission requires public companies, such as Energen Corporation (the Company), to reconcile Non-GAAP (GAAP refers to generally accepted accounting principles) financial measures to related GAAP measures. After-tax Cash Flows and Adjusted Cash Flows from Operations Excluding Alabama Gas Corporation (Alagasco) are Non-GAAP financial measures. Energen believes after-tax cash flows are relevant because they are a measure of cash available to fund the Company’s capital expenditures, dividends, debt reduction, and other investments. Similarly, Adjusted Cash Flows from Operations Excluding Alagasco reflect comparable information specific to the Company’s non-regulated activities.

 

Reconciliation To GAAP Information    Years Ended 12/31  

($ in millions)

    2010 Actual     2011 Estimate (e)  

Net Income (GAAP)

      291        260        —           289   

Depreciation, depletion and amortization

      248        280        —           280   

Deferred income taxes, net

      134        150        —           150   
  

 

 

    

 

 

    

 

 

     

 

 

  

After-tax Cash Flows (Non-GAAP)

      673        690        —           719   

Changes in assets and liabilities and other adjustments

      (2 )      49        —           49   
  

 

 

    

 

 

    

 

 

     

 

 

  

Net Cash Provided by Operating Activities (GAAP)

      671        739        —           768   
  

 

 

    

 

 

    

 

 

     

 

 

  
Reconciliation To GAAP Information    Years Ended 12/31  

($ in millions)

    2010 Actual     2011 Estimate (e)  

Net Cash Provided by Operating Activities (GAAP)

      671        739        —           768   

Changes in assets and liabilities and other adjustments

      2        (49 )      —           (49 ) 
  

 

 

    

 

 

    

 

 

     

 

 

  

After-tax Cash Flow (Non-GAAP)

      673        690        —           719   

Less: AGC cash flows from operations and other

      (120 )      (112 )      —           (112 ) 
  

 

 

    

 

 

    

 

 

     

 

 

  

Adj. Cash Flows from Operations Excluding Alagasco (Non-GAAP)

      553        578        —           607   
  

 

 

    

 

 

    

 

 

     

 

 

  

 

(e) This estimate is a “forward-looking statement” as defined by the Securities and Exchange Commission. All statements based on future expectations rather than on historical facts are forward-looking statements that are dependent on certain events, risks and uncertainties that could cause actual results to differ materially from those anticipated. In addition, the Company cannot guarantee the absence of errors in input data, calculations and formulas used in its estimates, assumptions and forecasts. A discussion of risks and uncertainties, which could affect future results of Energen and its subsidiaries, is included in the Company's periodic reports filed with the Securities and Exchange Commission.