Save Money in this Sunday's paper

comments

Piedmont Natural Gas earnings rise

Charlotte-based Piedmont Natural Gas reported first-quarter earnings Thursday that were 14 percent higher than for the same period a year ago.

Piedmont reported net income of $97.6 million compared to last year’s $85.9 million. Earnings per share rose to $1.26 from $1.18.

Revenues of $657 million for the quarter were up 28 percent. Margin – costs compared to selling price – was $262 million, up 30 million from last year.

CEO Thomas Skains attributed the improved performance to colder than normal weather, customer growth, rate adjustments and advances in power generation markets.

Piedmont serves 1 million customers in the Carolinas and Tennessee.

Henderson: 704-358-5051; Twitter: @bhender
Hide Comments

This affects comments on all stories.

Cancel OK

The Charlotte Observer welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views.

Have a news tip? You can send it to a local news editor; email local@charlotteobserver.com to send us your tip - or - consider joining the Public Insight Network and become a source for The Charlotte Observer.

  Read more



Hide Comments

This affects comments on all stories.

Cancel OK

The Charlotte Observer welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views.

Have a news tip? You can send it to a local news editor; email local@charlotteobserver.com to send us your tip - or - consider joining the Public Insight Network and become a source for The Charlotte Observer.

  Read more


Quick Job Search
Salary Databases
CharlotteObserver.com