April 18, 2014 1:07 PM ET

Gas Utilities

Company Overview of Questar Gas Company

Company Overview

Questar Gas Company engages in the distribution of natural gas to residential and commercial customers in Utah, southwestern Wyoming, and southeastern Idaho. The company owns and operates distribution systems, and has a total of 27,415 miles of street mains, service lines, and interconnecting pipelines. As of March 31, 2012, it served 923,272 customers. The company is based in Salt Lake City, Utah. Questar Gas Company is a subsidiary of Questar Corporation.

333 South State Street

PO Box 45360

Salt Lake City, UT 84145-0360

United States



Key Executives for Questar Gas Company

Age: 59
Chief Financial Officer
Age: 40
Chief Operating Officer
Age: 49
Vice President and Controller
Age: 57
General Manager of State Regulatory Affairs
Compensation as of Fiscal Year 2013.

Questar Gas Company Key Developments

Questar Gas Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Capital Investment Forecast for the Year 2014

Questar Gas reported unaudited earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported revenues of $337.4 million compared to $281.0 million a year ago. Operating income was $46.6 million compared to $40.3 million a year ago. Net income was $26.0 million compared to $23.8 million a year ago. Adjusted EBITDA was $60.7 million compared to $56.6 million a year ago. For the year, the company reported revenues of $985.2 million compared to $859.7 million a year ago. Operating income was $101.9 million compared to $92.9 million a year ago. Net income was $52.8 million compared to $47.1 million a year ago. Adjusted EBITDA was $156.7 million compared to $148.0 million a year ago. The company provided capital investment forecast for the year 2014. For the year, the company expects capital investment of $190 million.

Questar Gas Company Receives Approval to Add Natural Gas Properties Under Wexpro II Agreement

Questar Gas has received approval from the Utah and Wyoming public service commissions to include natural gas producing properties under the Wexpro II Agreement. Under the terms of Wexpro II, approval was needed from both states. These approvals extend the benefits of Wexpro production. Under the terms of the original Wexpro Agreement, Questar affiliate Wexpro Company produces gas from certain properties at cost of service for the benefit of Questar's Utah and Wyoming utility customers. The Wexpro II Agreement perpetuates that model by enabling the company to add new properties for cost-of-service development. Wexpro II, approved in 2013, stipulates that all Wexpro acquisitions within the footprint of the 1981 agreement must be offered to the public service commissions of Utah and Wyoming for inclusion as cost-of-service properties benefitting Questar's utility customers. In September, Wexpro acquired additional working interest in existing Wexpro-operated wells in the Trail Unit of southwestern Wyoming's Vermillion Basin for about $104 million. Wexpro already owned 46% working interest in the properties; the acquisition increased that interest to 88 percent. It also added an estimated 118 billion cubic feet equivalent (Bcfe) of net proved reserves with additional upside potential.

Questar Gas Company Enters into Note Purchase Agreement

On December 20, 2013, Questar Gas Company entered into a note purchase agreement with the purchasers listed in Schedule A thereto relating to the issuance and sale by the company of $90,000,000 aggregate principal amount of 4.78% Senior Notes, Series A, due December 1, 2043 and $60,000,000 aggregate principal amount of 4.83% Senior Notes, Series B, due December 1, 2048.

Similar Private Companies By Industry

Company Name Region
Nicor Enerchange L.L.C United States
Spectrum Energy Solutions, Inc. United States
Entrada Energy Ventures LLC United States
SeaOne Maritime Corp. United States
Questar Regulated Services Company United States

Recent Private Companies Transactions

Private Placement
July 18, 2013

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Questar Gas Company, please visit www.questargas.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.