Piedmont Natural Gas Co. Inc. (PNY) said it is initiating its earnings guidance for the fiscal year 2010 in the range of $1.90 to $2.00 per share. Street analysts expect earnings of $1.62 per share.
The company said the guidance for fiscal year 2010 reflects a one time gain of $0.42 per share on the previously announced sale of one-half of the company's 30% ownership interest in SouthStar Energy Services (SouthStar) to AGL Resources and Earnings sharing from SouthStar in the Company's first fiscal quarter at the current rate of approximately 25%.
For comments and feedback: editorial@rttnews.com