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QUESTAR REPORTS 154% NET INCOME RISE

SHARE QUESTAR REPORTS 154% NET INCOME RISE

Questar Corp. Monday reported net income of $15.26 million, or 37 cents per share, for the second quarter, up 154 percent from the $6.01 million, or 15 cents per share, for the same period last year.

The company cited higher natural gas production, wellhead prices and customer deliveries for the increase.For the six months ended June 30, Questar earned $50.38 million, or $1.25 per share, up from $45.47 million, or $1.14 per share, for the first half of 1992, which included a cumulative effect of $9.3 million, or 23 cents per share, from a change in the method of accounting for income taxes.

"We expected improved results because of the significant increases we've achieved in our natural gas production along with higher wellhead prices," said R.D. Cash, chairman.

"However, the weather - always a critical variable in our performance - also worked in our favor during the second quarter of 1993 as compared with last year.

"Temperatures (as measured in degree days) were only 9 percent warmer than normal compared with 47 percent warmer than normal in the 1992 period, contributing to a 20 percent increase in retail gas-distribution deliveries in the current-year quarter."