Piedmont Natural Gas Weathers Seasonal Losses in Third-Quarter 2012, Maintains Upbeat Outlook for Customer Growth, an Industr...
September 11 2012 - 6:15AM
Marketwired
Researched by Industrial Info Resources (Sugar Land, Texas) --
Leading natural gas services distributor Piedmont Natural Gas
Company (NYSE:PNY) (Charlotte, North Carolina), which primarily
serves North Carolina, South Carolina and Tennessee, reported
seasonal losses in the third quarter of 2012, although overall
results improved considerably from the same quarter of last year.
The company cited stronger base rates in Tennessee and residential
and commercial customer growth as the major factors for the gains.
Piedmont reported a net loss of $4.61 million for the quarter,
compared with a net loss of $8.7 million in third-quarter 2011.
Among the Piedmont projects in North Carolina that are being
tracked by Industrial Info are the $160 million construction of a
grassroot natural gas pipeline and the $25 million construction of
a natural gas compressor station.
Other companies featured: AGL Resources Incorporated
(NYSE:GAS)
For details, view the entire article by subscribing to
Industrial Info's Premium Industry News at
http://www.industrialinfo.com/showAbstract.jsp?newsitemID=228790&refer=mw,
or browse other breaking industrial news stories at
www.industrialinfo.com.
Industrial Info Resources (IIR), with global headquarters in
Sugar Land, Texas, and eight offices outside of North America, is
the leading provider of global market intelligence specializing in
the industrial process, heavy manufacturing and energy markets.
Industrial Info's quality-assurance philosophy, the Living Forward
Reporting Principle™, provides up-to-the-minute intelligence on
what's happening now, while constantly keeping track of future
opportunities. To contact an office in your area, visit the
www.industrialinfo.com "Contact Us" page.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Joe Govreau 713-783-5147
Piedmont Nat Gas (NYSE:PNY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Piedmont Nat Gas (NYSE:PNY)
Historical Stock Chart
From Jul 2023 to Jul 2024