The Laclede Group – Diversified Natural Gas Holding Company
The Laclede Group (NYSE: LG) provides a flexible way to operate and grow our business ... it is the parent organization of the regulated core utility component — Laclede Gas Company — and of a non-regulated component being developed to achieve sustainable growth in a measured and manageable manner. The Laclede Group's largest non-regulated activity is Laclede Energy Resources, a subsidiary engaged in non-regulated efforts to market natural gas and related activities.
The Laclede Group to Present at the 2012 AGA Financial Forum
The Laclede Group's management team will present at the 2012 American Gas Association (AGA) Financial Forum at The Westin Kierland in Scottsdale, Arizona on Monday, May 7, 2012 at 2:15 p.m. Arizona Time (4:15 p.m. CT, 5:15 p.m ET). A live webcast of the presentation, along with the presentation materials, will be available at http://www.wsw.com/webcast/aga11/lg/. If you are unable to listen to the live presentation, an archive will be available on that website. Click here for additional information.
New Organizational Structure
On April 27, 2012, The Laclede Group announced a new organizational structure effective May 1, 2012 that will position the Company to grow through execution of its four strategic imperatives. Click here for more information.
The Laclede Group Reports Increased Earnings
On April 27, 2012, The Laclede Group (NYSE: LG) reported consolidated net income for its second quarter ending March 31, 2012 totaling $29.7 million, or $1.32 diluted earnings per share, compared to $27.9 million, or $1.25 per share for the same quarter last year. Net economic earnings totaled $28.4 million, or $1.27 per share, compared to $27.5 million, or $1.23 per share for the same quarter last year. A table of net economic earnings and reconciliation to GAAP is included as part of the full release (click here). For the first half of fiscal 2012, The Laclede Group reported net income totaling $54.9 million, or $2.45 per share, compared to $51.3 million, or $2.30 per share for the same period last year. Net economic earnings for the first six months were $53.3 million, or $2.38 per share, compared to $50.9 million, or $2.28 per share, for the same period last year.
Suzanne Sitherwood, President and Chief Executive Officer
Suzanne Sitherwood assumed duties as chief executive officer of The Laclede Group, Inc. (NYSE: LG) on February 1, 2012, succeeding Douglas H. Yaeger, who retired on January 31. She has also been elected to the board of directors for a one-year term. Suzanne Sitherwood joined The Laclede Group as president on September 1, 2011. Click here for more information related to the Company.
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