AGL Resources, Inc., is one of the largest natural gas distribution companies in the United States. It is based in Atlanta, Georgia.
The company is publicly listed on the New York Stock Exchange under the stock ticker symbol ‘GAS’.
It is an energy services holding company and its primary business is the distribution of natural gas through natural gas distribution utilities that serve millions of customers across the country.
AGL Resources is comprised of the following five operating and reporting segments:
Natural gas distribution: providing gas to 4.5 million customers across 7 states.
Retail operations: 620,000 energy customers and 1.1 million service contracts across 17 states.
Wholesale services: natural gas storage, gas pipeline arbitrage and provides natural gas
asset management.
Midstream operations: high deliverability natural gas storage facilities.
Cargo shipping: shipping services to, from and between the Bahamas and the Caribbean.
Overview
- Chairman, President, and CEO: John W. Somerhalder II
- Industry: Energy, Gas
- Type: Public company
- Listed on the New York Stock Exchange (NYSE)
- NYSE stock symbol: GAS
- S&P 500 Component
- Revenue: $5.385 billion USD (2014)
- Net income: $500 million USD (2014)
- Earnings per share: $4.06 USD (2014)
- Company head office: AGL Resources Inc., Ten Peachtree Place, N.E., Atlanta, GA, USA
- Employees: 5,165 (2014)
- Website: http://www.aglresources.com/
- Investor relations email: [email protected]
- Investor relations number: 404-584-4577
AGL Resources Financial Results, Years Ended December 31
| Operating data (in $ millions) | 2014 | 2013 |
| Operating revenues | $5,385 | $4,209 |
| Total operating expenses | $4,292 | $3,581 |
| Operating income | $1,095 | $639 |
| Earnings before income taxes | $930 | $485 |
| Net income | $500 | $313 |
| Net income attributable to AGL Resources Inc. | $482 | $295 |
| Balance sheet data (in $ millions) | ||
| Total assets | $14,909 | $14,550 |
| Total liabilities and other deferred credits | $11,081 | $10,937 |
| Total common stockholders’ equity | $3,784 | $3,568 |
| Common share data (in $) | ||
| Basic earnings per share | $4.06 | $2.50 |
| Diluted earnings per share | $4.04 | $2.49 |
| Cash flow data (in $ millions) | ||
| Net cash provided by operating activities | $655 | $971 |
| Net cash (used in) investing activities | $(505) | $(876) |
| Net cash (used in) financing activities | $(224) | $(121) |
| Cash and cash equivalents at end of year | $31 | $105 |
Source: “AGL Resources Inc. Form 10-K 2014”