piedmont natural gas co (PNY) Key Developments
Piedmont Natural Gas To Sell Stock Worth $1.2 Million
Dec 30 14
Piedmont Natural Gas Co. Inc. (NYSE:PNY) is looking to sell around 13% stake over 12 months starting March 2015, according to a filing with the Securities and Exchange Commission.
Piedmont Natural Gas Co. Inc. Reports Earnings Results for the Year Ended October 31, 2014; Provides Earnings Guidance for the Full Year 2015
Dec 23 14
Piedmont Natural Gas Co. Inc. reported earnings results for the year ended October 31, 2014. Net income for the year was $1.84 per diluted share, up 3% from $1.78 per diluted share in 2013. Revenues were $1.5 billion, up 15% from $1.3 billion reported last year. The company reported year-over-year increases in its 2014 financial results driven by higher demand for natural gas. The company reported net income at $143.8 million against net income of $134.4 million in the same period in 2013.
For full year 2015, the company expects earnings to range between $1.82 and $1.92 per diluted share.
Piedmont Expands Natural Gas Fueling Stations to Convenience Stores
Dec 18 14
Piedmont Natural Gas planned to lease space at a Spinx convenience store in Anderson, S.C., to set up a compressed natural gas fueling station that will be open to the public. The company is looking at new sites for its CNG stations. Piedmont will own and maintain the site's CNG facilities, which will be open to the public for use by commercial fleets and individual vehicles.
Piedmont Natural Gas and Spinx Announce Agreement to Add Compressed Natural Gas Refueling Facilities at Anderson, South Carolina Store
Dec 17 14
Piedmont Natural Gas and The Spinx Company announced an agreement to add a Piedmont compressed natural gas (CNG) refueling station at a Spinx convenience store location. Piedmont will lease space at an existing Spinx store located at the corner of Pearman Dairy Road and West Whitner Street in Anderson, South Carolina in order to install the necessary CNG refueling equipment and compressors. Piedmont will own and maintain the site's CNG facilities which will be open to the public for use by commercial fleets and individual vehicles. The new station will be Piedmont's 11th public CNG refueling station in the Carolinas and in Tennessee, and its third public CNG station in South Carolina. The use of compressed natural gas as a transportation fuel has grown significantly in recent years and has many benefits and advantages for fleet owners and individual operators. CNG is environmentally friendly, reducing greenhouse gas emissions like CO2 from vehicles by 15% to 20% and emitting virtually no nitrous oxide (NO) or sulphur dioxide (SO2). In addition, CNG costs less than gasoline or diesel, results in fewer oil changes and less maintenance for vehicles, and helps reduce America's dependence on imported oil.
Piedmont Natural Gas Co. Inc. Declares Quarterly Dividend, Payable on January 15, 2015
Dec 12 14
Piedmont Natural Gas Co. Inc. announced the declaration of a quarterly dividend on common stock of 32 cents per share, payable on January 15, 2015, to holders of record at the close of business on December 24, 2014.