SOURCE: Industrial Info Resources

Industrial Info Resources

March 13, 2012 06:35 ET

Piedmont Natural Gas Feels the Heat in First-Quarter 2012 as Warm Weather Dries Up Profits, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Mar 13, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading natural gas services provider Piedmont Natural Gas Company (NYSE:PNY) (Charlotte, North Carolina), which primarily serves North Carolina, South Carolina and Tennessee, saw setbacks in the first quarter of its fiscal year 2012 as a strong growth in customers and demand failed to offset the impact of much warmer-than-expected weather, which resulted in lower volume deliveries. Net income for the quarter was reported to be $76.23 million, a 9.73% decrease from first-quarter 2011.

As part of our North American Oil & Gas Transmission Project Database, Industrial Info is tracking more than $300 million in active Piedmont projects in North Carolina.

Other companies featured: AGL Resources Incorporated (NYSE:GAS)

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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