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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