Piedmont Natural Gas Sees 6% Jump in Second-Quarter Profit, Full-Year Capex Now Set at $565 Million
SUGAR LAND--June 9, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Propelled by rate increases in Tennessee and North Carolina, as well as customer growth, natural gas services provider Piedmont Natural Gas Company Incorporated (NYSE:PNY) (Charlotte) reported second-quarter net income of $66.4 million, up 6% from $62.5 million in the same period last year. This marks a positive change for Piedmont, which had reported a 4.71% decrease in net income during the first quarter from a year earlier. Industrial Info is tracking three active Piedmont projects with a total investment value of $48 million.
Within this article: Details on Piedmont's quarter and projects, including a major pipeline system that will run from northeastern Pennsylvania to New York and New England.
Additional companies: Duke Energy Corporation (NYSE:DUK), Williams Partners LP (NYSE:WPZ) Cabot Oil & Gas Corporation (NYSE:COG), WGL Holdings Incorporated (NYSE:WGL), Dominion Resources Incorporated (NYSE:D), AGL Resources Incorporated (NYSE:GAS)
