TECO Energy Q4 Profit Declines - Quick Facts

(RTTNews) - TECO Energy, Inc. (TE) Thursday reported fourth-quarter net income attributable to the company of $42.0 million or $0.20 per share, lower than $45.1 million or $0.21 per share in the prior year.

On a non-GAAP basis, which exclude $2.3 million of costs associated with pending acquisition of New Mexico Gas Co., were $0.21 per share for the recent quarter.

On average, nine analysts polled by Thomson Reuters expected the company to earn $0.21 per share for the quarter. Analysts' estimates typically exclude special items.

The electric and gas utility holding company said its total quarterly revenues were $688.4 million, unchanged from last year. Analysts estimated revenues of $685.66 million for the quarter.

Looking ahead to full-year 2014, the company expects consolidated earnings per share to be in the range of $0.95 to $1.05. Analysts are looking for earnings of $1.08 per share for the year.

The board has also declared a quarterly dividend of $0.22 per share, to shareholders of record on February 13, 2014, payable on February 28.