AGL Resources (GAS) cuts its profit guidance for full-year 2012, citing hedging losses related...

|About: AGL Resources (GAS)|By:, SA News Editor

AGL Resources (GAS) cuts its profit guidance for full-year 2012, citing hedging losses related to transportation positions as well as the impact of warmer weather. GAS lowers its EPS estimate to ~$2.45 from $2.60-$2.75 vs. $2.64 analyst consensus estimate. It expects to recover the majority of transportation hedge losses in 2013.