SEC Filings
10-Q
SOUTHERN UNION CO filed this Form 10-Q on 11/10/1997
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            SOUTHERN UNION COMPANY AND SUBSIDIARIES

             CONSOLIDATED STATEMENT OF OPERATIONS


                                           Three Months Ended
                                              September 30,
                                       --------------------------
                                           1997          1996
                                       ------------  ------------
                                         (thousands of dollars,
                                          except shares and per
                                             share amounts)

Operating revenues...................  $    74,039   $    80,830
Gas purchase costs...................       32,442        39,415
                                       -----------   -----------
  Operating margin...................       41,597        41,415
Revenue-related taxes................        2,984         3,910
                                       -----------   -----------
  Net operating margin...............       38,613        37,505

Operating expenses:
  Operating, maintenance and general.       23,789        25,315
  Depreciation and amortization......        9,598         8,488
  Taxes, other than on income and
    revenues.........................        3,821         3,263
                                       -----------   -----------
    Total operating expenses.........       37,208        37,066
                                       -----------   -----------
    Net operating revenues...........        1,405           439
                                       -----------   -----------

Other income (expenses):
  Interest...........................       (8,450)       (8,287)
  Dividends on preferred securities
    of subsidiary trust..............       (2,370)       (2,370)
  Other, net.........................        1,769         1,735
                                       -----------   -----------
    Total other expenses, net........       (9,051)       (8,922)
                                       -----------   -----------

    Loss before income taxes
      (benefit)......................       (7,646)       (8,483)

Federal and state income taxes
  (benefit)..........................       (2,737)       (3,078)
                                       -----------   -----------

Net loss attributable to common
  stock..............................  $    (4,909)  $    (5,405)
                                       ===========   ===========

Net loss per common share............  $      (.29)  $      (.32)
                                       ===========   ===========

Weighted average common shares
  outstanding........................   17,121,860    17,034,850
                                       ===========   ===========



                      See accompanying notes.


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