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Southern Union reaffirms 2008 profit guidance



09 May 2008 @ 08:08 am EST

HOUSTON (AP) - Southern Union Co., an interstate natural gas pipeline company, reaffirmed its full-year 2008 outlook in a range that includes Wall Street expectations.

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The company said late Thursday it expects 2008 earnings per share to be in a range of $1.80 to $1.90. Analysts polled by Thomson Financial expect $1.86 per share, on average.

Also, Southern Union reported first-quarter net income rose 5.6 percent on higher revenue from the interstate natural gas pipeline company's gathering and processing segment.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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