August 28, 2014 1:06 PM ET

Gas Utilities

Company Overview of UNS Gas, Inc.

Company Overview

UNS Gas, Inc. operates as a natural gas distribution company that serves retail customers in Mohave, Yavapai, Coconino, and Navajo Counties in Northern Arizona and Santa Cruz County in Southeast Arizona. The company also offers natural gas transportation service to transportation customers. Its customer base is primarily residential. The company was incorporated in 2003 and is based in Tucson, Arizona. UNS Gas, Inc. operates as a subsidiary of Unisource Energy Services, Inc.

1 South Church Avenue

Suite 100

Tucson, AZ 85701

United States

Founded in 2003

Phone:

520-571-4000

Fax:

520-770-2089

Key Executives for UNS Gas, Inc.

Chief Executive Officer
Age: 70
Vice President
Age: 47
Compensation as of Fiscal Year 2014.

UNS Gas, Inc. Key Developments

UNS Gas, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2014

UNS Gas, Inc. announced earnings results for the first quarter ended March 31, 2014. For the quarter, the company's net income was $4.7 million or $0.11 per share compared with $7.4 million or $0.18 per share a year ago. The decline was due to mild weather that led to lower retail sales volumes and margin revenues.

UNS Gas, Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

UNS Gas, Inc. announced unaudited earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported net income of $4.5 million or $0.11 per share against $4.1 million or $0.10 per share a year ago. For the year, the company reported net income of $11 million or $0.26 per share in 2013 compared with $9.1 million or $0.23 per share in 2012. The increase in net income is due to a non-fuel base rate increase that was effective in May 2012 and colder weather in 2013 than in 2012.

UNS Gas Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

UNS Gas announced unaudited earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company announced a net loss of $1.3 million compared with a net loss of $0.4 million in the same period last year. The increase in net losses was due in part to higher O&M expense. Loss per share was $0.03 compared to $0.01 for the same period a year ago. For the nine months, the company announced net income of $6.4 million compared with net income of $5.1 million in the same period last year. Cold winter weather and a base rate increase effective in May 2012 contributed to the year-over-year increase. Earnings per share were $0.15 compared to $0.13 for the same period a year ago.

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