Gas Natural Inc.
Gas Natural Inc. Reports 2017 First Quarter Results

May 11, 2017

Gas Natural Inc. (NYSE MKT:EGAS) (the "Company"), a holding company operating local natural gas utilities serving approximately 70,000 customers in four states, reported financial results for its first quarter ended March 31, 2017.

First Quarter 2017 Summary

  • Net income per share improved to $0.32 from $0.26 in the prior-year quarter
  • Full service distribution throughput increased 13%, aided by the addition of approximately 300 new customers in the quarter
  • Merger approval process with regulators remains on plan for second half 2017 closing

Mr. Gregory J. Osborne, Gas Natural's President and Chief Executive Officer, commented, "We continue to focus on providing excellent service to our customers in all of our utility jurisdictions, resulting in growth in full service distribution and gross margin. Additionally, our ongoing focus on cost discipline has contributed to improved earnings."

He added, "The regulatory approval process for our announced merger with First Reserve continues on plan. We expect completion of the transaction in the second half of 2017."

Click here to read the full press release.

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Gas Natural Inc.

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