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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Piedmont Earnings Rise 12% 0 comments
    Jun 11, 2014 10:59 AM | about stocks: PNY

    Originally published at

    Filing in Focus: Piedmont Natural Gas 10-Q, June 6, 2014

    Piedmont Natural Gas Co. Inc. (NYSE:PNY) announced its second quarter financial results for the 2014 fiscal year, reporting a 12% rise in earnings from a year ago. The natural gas company, which serves customers in the southeastern U.S., saw earnings increase from $55.8M and $0.74 per share last year to $62.5M and $0.80 per share. Piedmont operating revenue rose 16% from $399.4M to $462.2M, with operating income increasing 31% from $51.5M to $67.3M. Piedmont attributed its margin increase to regulatory rate changes, customer growth, and higher margins in secondary market sales. Piedmont reaffirmed its annual earnings guidance for the fiscal year between $1.80 and $1.90 per share.

    (click to enlarge)

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: PNY
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