AGL Resources Inc. today announced that it is increasing its 2015 earnings per share guidance driven by colder-than-normal weather across its distribution and retail businesses through the first two months of 2015, as well as stronger-than-expected results at its wholesale business. Subsequent to the company's issuance of original guidance on February 11, 2015, results improved in the distribution and retail businesses due to weather that was 36% colder-than-normal throughout February across the company's service areas.  In addition, the wholesale services business generated commercial activity during February that was significantly above expectations included in the original guidance range.

2015 EPS Guidance

In addition to the EPS guidance noted above, economic earnings for the wholesale services segment is expected to be between $80 million and $110 million (up from prior expectations of $50 million) for 2015, driven by strong commercial activity through the first two months of the year. EBIT reported in accordance with GAAP is expected to be between $40 million and $60 million (up from $15 million to $25 million), assuming no mark-to-market gains or losses in 2015 for 2016 and forward positions.