-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BqR6tUy3CWe+5KNmE99QM9PbNs3aRmUMy/R0Fq87tTCH/+uoa+sDHfSoQWoXoIzd zJKjwbOves+xxHh0adPKWg== 0000057183-98-000011.txt : 19981102 0000057183-98-000011.hdr.sgml : 19981102 ACCESSION NUMBER: 0000057183-98-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981029 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19981030 SROS: CSX SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: LACLEDE GAS CO CENTRAL INDEX KEY: 0000057183 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 430368139 STATE OF INCORPORATION: MO FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-01822 FILM NUMBER: 98733806 BUSINESS ADDRESS: STREET 1: 720 OLIVE ST CITY: ST LOUIS STATE: MO ZIP: 63101 BUSINESS PHONE: 3143420500 MAIL ADDRESS: STREET 1: 720 OLIVE ST CITY: ST LOUIS STATE: MO ZIP: 63101 8-K 1 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 (Date of earliest event reported): October 29, 1998 LACLEDE GAS COMPANY ______________________________________________________________________________ (Exact name of registrant as specified in its charter) Missouri 1-1822 43-0368139 ______________________________________________________________________________ (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 720 Olive Street St. Louis, Missouri 63101 _____________________________________________________________________________ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (314) 342-0500 _______________ NONE _____________________________________________________________________________ (Former name or former address, if changed since last report) Item 5. Other Events. On October 29, 1998 the Company issued its news release announcing its financial results as of September 30, 1998. The news release is attached as Exhibit 1. Item 7. Exhibits. See the Index to Exhibits. SIGNATURE 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 hereunto duly authorized. LACLEDE GAS COMPANY (Registrant) By: Gerald T. McNeive, Jr. - -------------------------- Gerald T. McNeive, Jr. Senior Vice President- Finance and General Counsel October 29, 1998 (Date) Index to Exhibits Exhibit No. ___________ 1 Laclede Gas Company news release dated October 29, 1998. EX-1 2 Contact: Richard N. Hargraves (314) 342-0652 FOR IMMEDIATE RELEASE October 29, 1998 Laclede Gas Company today released the attached, unaudited Statement of Consolidated Income for fiscal year 1998 -- the twelve-month period ending September 30, 1998. Earnings for fiscal 1998 were $1.58 per share compared with $1.84 per share in fiscal 1997. The 1998 earnings, while lower than 1997 results for reasons detailed below, were higher than earlier expectations. The better- than-anticipated results are largely due to the positive impact of the Company's general rate case, which was recently settled. The $.26 per-share decrease in earnings from last year was principally attributable to reduced system sales volumes resulting from weather that was 11% warmer this year than last, and the attendant lower consumption by customers. Expense reductions came from regulatory accounting changes instituted July 1, 1998, as part of the settlement of the Company's rate case, and efforts during the year to control costs. Laclede's Annual Report to Share Owners for fiscal 1998 will be mailed to share owners and employees around the middle of December. UNAUDITED STATEMENTS OF CONSOLIDATED INCOME Laclede Gas Company and Subsidiary Companies (In Thousands, Except Per Share Amounts)
Three Months Ended Twelve Months Ended September 30, September 30, 1998 1997 1998 1997 ---- ---- ---- ---- Utility Operating Revenues $56,543 $60,745 $547,229 $602,832 ------------------- ------------------- Utility Operating Expenses: Natural and propane gas 20,883 23,412 311,759 353,810 Other operation expenses 20,130 25,248 86,129 90,712 Maintenance 4,574 4,573 18,665 18,205 Depreciation and amortization 5,266 6,509 25,304 25,884 Taxes, other than income taxes 6,630 6,867 43,773 46,534 Income taxes (2,545) (4,139) 14,933 17,962 ------------------- ------------------- Total Utility Operating Expenses 54,938 62,470 500,563 553,107 ------------------- ------------------- Utility Operating Income 1,605 (1,725) 46,666 49,725 Miscellaneous Income and Income Deductions - Net 346 371 2,496 1,829 ------------------- ------------------- Income Before Interest Charges 1,951 (1,354) 49,162 51,554 ------------------- ------------------- Interest Charges: Interest on long-term debt 3,347 3,542 14,797 14,169 Other interest charges 1,809 1,062 6,473 4,919 ------------------- ------------------- Total Interest Charges 5,156 4,604 21,270 19,088 ------------------- ------------------- Net Income (3,205) (5,958) 27,892 32,466 Dividends on Preferred Stock 24 24 97 97 ------------------- ------------------- Earnings Applicable to Common Stock $(3,229) $(5,982) $ 27,795 $ 32,369 =================== =================== Average Number of Common Shares Outstanding 17,628 17,558 17,598 17,558 Earnings Per Share of Common Stock $(.18) $(.34) $1.58 $1.84
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