Jun 8, 2011
Piedmont Natural Gas (NYSE:PNY) reported Q2 EPS of $0.66 today, falling just short of the consensus estimate for $0.67 per share. Revenues for the quarter fell 17% year-over-year to $392.57 million, coming nowhere near the consensus estimate for $490.67 million.
Piedmont's chairman, president and chief executive officer, Thomas E. Skains commented on the results, "We are pleased with our results through the first six months of 2011 and remain focused on providing customers safe and reliable natural gas service. We continue to deliver the message that natural gas is clean, efficient, domestic, and abundant, and take advantage of the growth opportunities in our markets."
The company reaffirmed its fiscal 2011 EPS guidance of $1.50 to $1.60, vs. the consensus estimate for $1.58 per share.
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