Equitable Profit Down On Lower Income, Merger Costs

Summary


Equitable Resources Inc. today reported a smaller fourth quarter profit than a year ago, based on lower income and a $10.1 million write-off of expenses related to the company's failed plan to buy two natural gas utilities from Dominion Resources Inc.

The North Shore-based company said it earned $60.6 million, or 49 cents per share, in the period ended Dec. 31 compared to $72.2 million, or 59 cents, in the fourth quarter a year ago.

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Equitable Profit Down On Lower Income, Merger Costs

Revenue for the most recent quarter was higher at $384.8 mil...

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