Questar's Second-Quarter Profit Increases On Higher Output

Summary


Salt Lake-based Questar Corp., an oil and natural-gas producer that owns Utah's only gas utility, said second-quarter net income rose 54 percent on higher prices and production.

Net income rose to $172.6 million, or 98 cents a share, from $112.2 million, or 64 cents, a year earlier, the company said in a statement on Business Wire. Questar was expected to earn 88 cents a share, the average estimate of four analysts compiled by Bloomberg.

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Questar's Second-Quarter Profit Increases On Higher Output

"Obviously it's a beat any way you look at it," said Holly Stewart, an a...

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