Piedmont Natural Introduces Full Year EPS Guidance - Quick Facts

(RTTNews) - Energy services firm Piedmont Natural Gas (PNY) Monday announced its earnings guidance in the range of $1.82 - $1.92 per share for its fiscal year ending October 31, 2015.

On average, seven analysts polled by Thomson Reuters expect earnings of $1.92 per share. Analysts' estimates typically exclude special items.

The guidance assumes among others, higher utility margin due to the full year impact of the 2013 North Carolina rate case settlement which went into effect on January 1, 2014.

It also assumes gross utility customer additions of 1.6 percent in the company's three state market area, as well as expected margin increases under the Integrity Management Rider or IMR in North Carolina effective February 1, 2015 and the IMR in Tennessee, effective January 1, 2015 due to substantial system integrity capital investments.