Integrys Energy Group Inc. (TEG, Financial) filed Quarterly Report for the period ended 2012-06-30.
Integrys Energy Group, Inc. has a market cap of $4.79 billion; its shares were traded at around $61.15 with a P/E ratio of 18.2 and P/S ratio of 1. The dividend yield of Integrys Energy Group, Inc. stocks is 4.5%. Integrys Energy Group, Inc. had an annual average earning growth of 1.3% over the past 10 years.
Amortization expense recorded as a component of nonregulated cost of sales in the statements of income was $0.4 million for both the three months ended June 30, 2012, and 2011. Amortization expense for the six months ended June 30, 2012, and 2011, was $2.0 million and $0.7 million, respectively.
Costs associated with certain natural gas and electric direct-response advertising campaigns at Integrys Energy Services were capitalized and reported as other long-term assets on the balance sheets. The capitalized costs result in probable future benefits and were incurred to solicit sales to customers who could be shown to have responded specifically to the advertising. The asset balances for each of the direct-response advertising cost pools are reviewed quarterly for impairment, and there was no impairment during the periods ended June 30, 2012 and 2011. Capitalized direct-response advertising costs, net of accumulated amortization, totaled $5.3 million and $1.4 million as of June 30, 2012 and 2011, respectively.
On March 30, 2012, WPS filed an application with the PSCW to increase retail electric and natural gas rates $85.1 million and $12.8 million, respectively, with rates proposed to be effective January 1, 2013. The filing includes a request for a 10.30% return on common equity and a common equity ratio of 52.37% in WPSs regulatory capital structure. The proposed retail electric and natural gas rate increases for 2013 are primarily being driven by reduced sales, increased fuel costs to generate electricity, increased electric transmission costs, increased costs to maintain the integrity of natural gas pipelines, increased manufactured gas plant cleanup costs, and general inflation.
Our 2012 earnings were $147.7 million during the six months ended June 30, 2012, compared with $151.8 million during the same period in 2011. The $4.1 million decrease in earnings was driven by:
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Integrys Energy Group, Inc. has a market cap of $4.79 billion; its shares were traded at around $61.15 with a P/E ratio of 18.2 and P/S ratio of 1. The dividend yield of Integrys Energy Group, Inc. stocks is 4.5%. Integrys Energy Group, Inc. had an annual average earning growth of 1.3% over the past 10 years.
Highlight of Business Operations:
In the next 12 months, pre-tax losses of $0.7 million and $5.9 million related to discontinued cash flow hedges of natural gas contracts and electric contracts, respectively, are expected to be recognized in earnings as the forecasted transactions occur. These amounts are expected to be offset by the settlement of the related nonderivative customer contracts.Amortization expense recorded as a component of nonregulated cost of sales in the statements of income was $0.4 million for both the three months ended June 30, 2012, and 2011. Amortization expense for the six months ended June 30, 2012, and 2011, was $2.0 million and $0.7 million, respectively.
Costs associated with certain natural gas and electric direct-response advertising campaigns at Integrys Energy Services were capitalized and reported as other long-term assets on the balance sheets. The capitalized costs result in probable future benefits and were incurred to solicit sales to customers who could be shown to have responded specifically to the advertising. The asset balances for each of the direct-response advertising cost pools are reviewed quarterly for impairment, and there was no impairment during the periods ended June 30, 2012 and 2011. Capitalized direct-response advertising costs, net of accumulated amortization, totaled $5.3 million and $1.4 million as of June 30, 2012 and 2011, respectively.
On March 30, 2012, WPS filed an application with the PSCW to increase retail electric and natural gas rates $85.1 million and $12.8 million, respectively, with rates proposed to be effective January 1, 2013. The filing includes a request for a 10.30% return on common equity and a common equity ratio of 52.37% in WPSs regulatory capital structure. The proposed retail electric and natural gas rate increases for 2013 are primarily being driven by reduced sales, increased fuel costs to generate electricity, increased electric transmission costs, increased costs to maintain the integrity of natural gas pipelines, increased manufactured gas plant cleanup costs, and general inflation.
Our 2012 earnings were $147.7 million during the six months ended June 30, 2012, compared with $151.8 million during the same period in 2011. The $4.1 million decrease in earnings was driven by:
Read the The complete Report
