Piedmont Natural Gas Weathers Seasonal Losses in Third-Quarter 2012, Maintains Upbeat Outlook for Customer Growth

SUGAR LAND--September 11, 2012--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.

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