Nicor Gets Hit Hard on Natural Gas Price Spike (GAS)
Posted on November 03, 2008 at 10:23 AM EST
Nicor (GAS) just reported its quarterly profit spiraled more than 91 percent, as the company was hurt by higher natural gas prices and operating expenses. The jump in Natural gas prices during the quarter contributed to higher revenue but also fueled higher operating expenses, including gas distribution costs, which grew 26 percent to $431 million. It [...]