Piedmont Natural Gas Q2 Earnings Rise, Beats View - Quick Facts

(RTTNews) - Piedmont Natural Gas Co. Inc. (PNY) Friday posted second-quarter net income of $62.5 million or $0.80 per share, up 12 percent from $55.8 million or $0.74 per share for the same period in 2013. On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $0.75 per share for the quarter. Analysts' estimates typically exclude special items. The company's operations and maintenance expenses totaled $70.2 million during the quarter, an increase of $5.2 million from $65.03 million last year. Operating revenues for the quarter rose 16 percent to $462.24 million from $399.41 million in the prior-year period, and was higher than the consensus estimate of $427.95 million.