Amended: corrects analysts' estimates for FY09 in the intro.
Piedmont Natural Gas Co. Inc.'s (PNY) fiscal 2009 net income rose to $122.82 million or $1.67 per share from $110.01 million or $1.49 per share last year. On average, 4 analysts polled by Thomson Reuters expected earnings of $1.58 per share for the year. Analysts' estimate typically excludes one-time items.
Operating revenues for the latest year stood at $1.64 billion compared with $2.09 billion in the previous year. Two analysts estimated revenues of $1.89 billion for the year.
In addition, the company reiterated its fiscal year 2010 earnings view of $1.90 - $2.00 per share. This guidance includes an expected $0.42 gain in the first quarter of 2010 related to Piedmont's sale of one-half of its ownership interest in SouthStar Energy Services to AGL Resources, Piedmont Natural Gas added. Three analysts estimate fiscal 2010 earnings per share of $1.72.
Also, the board declared a quarterly dividend on common stock of $0.27 cents per share, payable January 15, 2010, to holders of record at the close of business on December 28, 2009.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.