Company profile

Adrian P. Chapman
Incorporated in
Fiscal year end
Industry (SEC)

WGLCP stock data


Investment data

Data from SEC filings
Securities sold
Number of investors


30 Apr 20
15 Jul 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 501.7M 408.1M 116.4M 187.9M
Net income 126.08M 73.21M -65.8M -20.59M
Diluted EPS
Net profit margin 25.13% 17.94% -56.53% -10.96%
Operating income 171.17M 102.54M -73.05M -10.14M
Net change in cash 25.35M 17.07M 1K -2.14M
Cash on hand 42.42M 17.07M 1K 0
Annual (USD) Dec 19 Dec 18
Revenue 1.3B
Net income 99.81M -35.4M
Diluted EPS
Net profit margin 7.69%
Operating income 171.93M -13.9M
Net change in cash 10.99M
Cash on hand 17.07M 6.08M

Financial data from company earnings reports

Financial report summary

  • The ownership and operation of Washington Gas’ business is subject to hazards of transporting, storing, and marketing hydrocarbon products.
  • Leaks, mechanical problems, incidents or other operational issues could affect public safety and the reliability of Washington Gas’ distribution system, which could materially affect Washington Gas’ results of operations, financial condition and cash flows.
  • Washington Gas may be unable to obtain an adequate supply of gas to satisfy present and future customer demand and it may be unable to secure the necessary transportation or storage capacity to deliver or acquire the volume of gas necessary to meet its current obligations or growth demands.
  • Cyberattacks, including cyberterrorism or other information technology security breaches, or information security or technology failures may disrupt our business operations, increase our costs, lead to the disclosure of confidential information, and damage our reputation.
  • Washington Gas may encounter unexpected difficulties or costs in meeting commitments made under various orders and agreements associated with regulatory approvals for the Merger.
  • The merger of WGL with AltaGas may not achieve its anticipated results, and WGL, including Washington Gas, may be unable to integrate the operations in the manner expected.
  • Washington Gas may incur unexpected costs in connection with the Merger.
  • WGL and AltaGas may become targets of securities class action suits and derivative suits, which could result in substantial costs and divert management attention and resources.
  • As an indirect, wholly-owned subsidiary of AltaGas, Washington Gas is dependent on AltaGas for certain services under a services agreement. Loss of such services, if any, could have a material impact on Washington Gas’ business, financial condition, results of operations and cash flows.
  • As an indirect, wholly-owned subsidiary of AltaGas, Washington Gas is affected by AltaGas' strategic decisions and performance.
  • Washington Gas may be unable to access capital or the cost of capital may significantly increase.
  • A decline in the local economy in which Washington Gas operates may reduce net revenue growth and reduce future earnings and cash flows.
  • We are exposed to counterparty and contract-related risks that could adversely affect our results of operations, cash flows and financial condition.
  • Our risk management strategies and related hedging activities may not be effective in managing risks and may cause increased volatility in our earnings and may result in costs and losses for which rate recovery may be disallowed.
  • Rules implementing the derivatives transaction provisions of the Dodd-Frank Act could have an adverse impact on our ability to hedge risks associated with our business.
  • Failure of our service providers could negatively impact our business, results of operations and financial condition.
  • Failure of the Company’s internal controls and procedures for financial reporting could adversely affect investor confidence and expose the Company to additional risks.
  • Natural disasters and catastrophic events, including terrorist acts, may adversely affect our business.
  • Washington Gas may be unable to retain key management and to attract and compensate sufficient skilled employees and contractors to meet its needs in field operations and construction activities.
  • Washington Gas’ business and financial condition could be adversely impacted by strikes or work stoppages by its unionized employees.
  • The cost of providing retirement plan benefits to eligible current and former employees is subject to changes in the performance of investments, demographics, and other factors and assumptions. These changes may have a material adverse effect on us.
  • Changes in the regulatory environment or unfavorable rate regulation may restrict or delay Washington Gas’ ability to earn a reasonable rate of return on its capital invested to provide utility service and to recover fully its operating costs.
  • Climate change concerns and the movement for carbon neutral energy sources pose challenges to the Company’s operating model.
  • Changes in the relative prices of alternative forms of energy may weaken the competitive position of Washington Gas’ delivery service, which could reduce growth in natural gas customers, reduce the volume of natural gas delivered and negatively affect Washington Gas’ cash flows and earnings.
  • Washington Gas is subject to physical and financial risks associated with climate change.
  • Our business, earnings and cash requirements are highly weather sensitive and seasonal.
  • Certain legacy operations of the Company have exposed it to potential liabilities in connection with environmental remediation efforts.
  • Washington Gas is subject to various legal proceedings and management cannot predict the outcome of such proceedings.
  • Changes to government fiscal and trade policies could adversely affect Washington Gas’ strategic decisions and operating performance.
  • Washington Gas may face regulatory and financial risks related to pipeline safety legislation.
  • Changes in taxation and the ability to quantify such changes could adversely affect our financial results.
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