-----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, J9yhaqXjV2oj/PK8bGyk7Y6OTbRhInsa5gTsTvisrWvQNVhbqlSk+QB9i/6ZUpfE 5pS4he1Q3rndlciSFR5Y2g== 0000057183-99-000002.txt : 19990201 0000057183-99-000002.hdr.sgml : 19990201 ACCESSION NUMBER: 0000057183-99-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990128 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990129 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: 99515747 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): January 28, 1999 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 January 28, 1999 the Company issued its news release announcing its financial results as of December 31, 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 January 28, 1999 (Date) Index to Exhibits Exhibit No. ___________ 1 Laclede Gas Company news release dated January 28, 1999. EX-1 2 NEWS RELEASE LACLEDE GAS Contact: Richard N. Hargraves (314) 342-0652 FOR IMMEDIATE RELEASE January 28, 1999 Laclede Gas Company today released the attached Statement of Consolidated Income for the twelve months ended December 31, 1998, which includes the first quarter of the Company's Fiscal 1999. Weather has a significant impact on the use of heating energy, the sale of which is Laclede's primary business. Not only did warmer-than-normal temperatures adversely impact Laclede's earnings during the first quarter of this winter, but colder-than-normal temperatures last year magnify a period-to- period comparison. During the quarter ended December 31, 1998, a period when temperatures in Laclede's service area were 14% warmer than normal and 20% warmer than last year, earnings were $.55 per share, compared with $.78 per share during the same period last year. Earnings for the twelve-month period encompassing calendar 1998 -- which has been called the warmest year in recorded global history and was 18% warmer than calendar 1997, and which included warmer-than-normal quarters from both last winter and this one -- were $1.36 per share, compared with $1.70 per share in calendar 1997. The decrease is largely due to weather-related lower gas sales and customer consumption, partially offset by lower operating and depreciation expenses. Revenues for calendar 1998 were $497.3 million, compared with $608.6 million in calendar 1997. This decrease reflects not only the previously mentioned lower sales levels but also significantly lower wholesale gas costs, which are passed on to Laclede's customers. UNAUDITED STATEMENTS OF CONSOLIDATED INCOME Laclede Gas Company and Subsidiary Companies (In Thousands, Except Per Share Amounts)
Three Months Ended Twelve Months Ended December 30, December 30, 1998 1997 1998 1997 ---- ---- ---- ---- Utility Operating Revenues $149,696 $199,667 $497,258 $608,634 ------------------ ------------------- Utility Operating Expenses: Natural and propane gas 86,648 126,309 272,098 359,871 Other operation expenses 23,649 22,659 87,119 92,082 Maintenance 5,057 4,942 18,780 18,640 Depreciation and amortization 5,285 6,601 23,988 26,016 Taxes, other than income taxes 10,517 12,742 41,548 47,860 Income taxes 5,064 8,153 11,844 16,722 ------------------ ------------------- Total Utility Operating Expenses 136,220 181,406 455,377 561,191 ------------------ ------------------- Utility Operating Income 13,476 18,261 41,881 47,443 Miscellaneous Income and Income Deductions - Net 1,535 867 3,164 2,165 ------------------ ------------------- Income Before Interest Charges 15,011 19,128 45,045 49,608 ------------------ ------------------- Interest Charges: Interest on long-term debt 3,347 3,853 14,291 14,480 Other interest charges 1,957 1,642 6,788 5,135 ------------------ ------------------- Total Interest Charges 5,304 5,495 21,079 19,615 ------------------ ------------------- Net Income 9,707 13,633 23,966 29,993 Dividends on Preferred Stock 24 24 97 97 ------------------ ------------------- Earnings Applicable to Common Stock $ 9,683 $13,609 $ 23,869 $ 29,896 ================== =================== Average Number of Common Shares Outstanding 17,628 17,558 17,615 17,558 Earnings Per Share of Common Stock $.55 $.78 $1.36 $1.70
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