Company Profile For Gaz Metro Limited Partnership

Gaz Metro Limited Partnership (GZM_u.TO) (Toronto Stock Exchange)

sector: Utilities · industry: Utilities - Natural Gas ·

As of 2:20am IST

16.27CAD

Price Change

+0.07

Percent Change

+0.43%

Analyst Recommendations

Overview

Gaz Metro Limited Partnership (Gaz Metro) is engaged in the distribution of natural gas in Quebec. The Company operates in four segments: Energy Distribution, which delivers natural gas and electricity to users; Natural Gas Transportation, which transports natural gas, generally from the producers to the distributors; Natural Gas Storage, which stores natural gas, and Energy Services and Other, which includes non-regulated activities related to energy and technology services; the sale, leasing and maintenance of gas appliances; large-building heating and air conditioning; fibreoptics, and the leasing and sale of electric water heaters. On August 11, 2009, Gaz Metro disposed Aqua-Rehab Inc. (Aqua-Rehab).

Quick Financial Synopsis

BRIEF: For the nine months ended 30 June 2009, Gaz Metro Limited Partnership's revenues increased 7% to C$1.96B. Net income decreased less than 1% to C$194.8M. Revenues reflect an increase in income from Energy distribution segment and higher income from Energy services sector. Net income was offset by an increase in cost of sales, higher operating & maintenance expenses, an increase in interest expense and a decline in share in earnings of companies.