Piedmont Announces 2015 First Quarter Results

Piedmont Natural Gas (NYSE:PNY) announced its first quarter results for 2015, which shows a net income of $93 million and a diluted earnings per share of $1.18, compared to $97.57 million or $1.26 per share for the same period in 2014.

As quoted in the press release:

• Achieved net income of $93.0 million and diluted EPS of $1.18
• Added 4,892 new customers (+15 percent)
• Received approval from the North Carolina Utility Commission (NCUC) and the Tennessee Regulatory Authority (TRA ) for annual IMR rate adjustments of $26.6 million and $6.5 million, respectively
• Forecast $585 million utility capital expenditure and joint venture contribution program for fiscal year 2015
• Raised dividend for 37th consecutive year
• Reaffirmed 2015 EPS guidance range of $1.82 – $1.92

Click here to read the full Piedmont Natural Gas (NYSE:PNY) press release.