Net income for the three months ended December 31, 2007 was $23.8 million, or $0.62 per share, compared to $20.8 million, or $0.62 per share, for the same period in 2006.
Compared to the fourth quarter of 2006, income from continuing operations in the fourth quarter of 2007 primarily was affected by a $5.6 million increase in energy marketing earnings, a $1.9 million increase in electric utility earnings and a $0.5 million increase in oil and gas earnings. Income was also affected by a $0.3 million decrease in power generation earnings, a $1 million decrease in electric and gas utility earnings and a $3.2 million increase in unallocated corporate costs, the company said.
For the 12 months ended December 31, 2007, income from continuing operations was $100.1 million, or $2.68 per share, compared to $74 million, or $2.21 per share, reported for the same period ended December 31, 2006. Net income for the 12 months was $98.8 million, or $2.64 per share, compared to $81 million, or $2.42 per share, for the same period in 2006.
