Questar Corporation STR reported 2010 income from continuing operations of $192.3 million or $1.08 per diluted share, including an after-tax $8.8 million or a $0.05 per diluted share charge for separation costs associated with the June 30, 2010, spinoff of QEP Resources, Inc. Net income from continuing operations grew 7% over 2009 net income from continuing operations of $180.5 million or $1.02 per diluted share.
In the fourth quarter 2010, income from continuing operations grew 15% to $63.7 million or $0.36 per diluted share, compared to $55.4 million or $0.31 per diluted share for the fourth quarter of 2009. Excluding separation charges, Questar earned $201.1 million or $1.13 per diluted share for the year, an 11% increase over the year-ago period.
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