Piedmont Natural Gas Company

Piedmont delivers natural gas to more than 1 million residential, commercial and industrial natural gas customers in North Carolina, South Carolina and Tennessee. While natural gas distribution is our core business, we also sell, service and install natural gas equipment and appliances through our Service Plus program. Our success is based on the relationships we've built with our customers, our communities and our employees.
Company Growth (employees)
Type
Public
HQ
Charlotte, US
Founded
1951
Size (employees)
1,934 (est)
Piedmont Natural Gas Company was founded in 1951 and is headquartered in Charlotte, US

Piedmont Natural Gas Company Office Locations

Piedmont Natural Gas Company has offices in Charlotte, Nashville, Salem, Winston-Salem and in 6 other locations
Charlotte, US (HQ)
4720 Piedmont Row Dr
Show all (10)

Piedmont Natural Gas Company Data and Metrics

Piedmont Natural Gas Company Financial Metrics

Piedmont Natural Gas Company's revenue was reported to be $1.1 b in FY, 2016
USD

Revenue (FY, 2016)

1.1 b

Revenue growth (FY, 2015 - FY, 2016), %

(16%)

Net income (FY, 2016)

193.2 m

EBIT (FY, 2016)

225.4 m

Market capitalization (03-Oct-2016)

4.9 b

Cash (31-Oct-2016)

16.6 m

EV

6.6 b
Piedmont Natural Gas Company's current market capitalization is $4.9 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.3 b1.5 b1.4 b1.1 b

Revenue growth, %

15%(7%)(16%)

Operating expense total

477.3 m510.3 m542.3 m923.3 m

EBIT

144.2 m179.9 m185 m225.4 m

EBIT margin, %

11%12%13%20%

Interest expense

68.6 m

Pre tax profit

317.4 m

Income tax expense

(11.6 m)(13.3 m)124.2 m

Net Income

134.4 m143.8 m137 m193.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

462.2 m164.2 m607.3 m424.9 m158.3 m461.3 m350.2 m157.8 m

EBIT

67.3 m3.3 m105.8 m75.1 m5.2 m109.4 m71.8 m6.7 m

EBIT margin, %

15%2%17%18%3%24%21%4%

Net Income

62.5 m(7.3 m)93 m66.4 m(8.3 m)97.8 m63.4 m(6.7 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

8.1 m9.6 m13.7 m16.6 m

Accounts Receivable

2 m3.4 m10.7 m

Inventories

55.6 m

Current Assets

348.1 m348 m255.9 m307.3 m

Goodwill

48.9 m48.9 m48.9 m48.9 m

Total Assets

4.4 b5.7 b

Accounts Payable

96.3 m85.3 m99.9 m130.5 m

Total Debt

1.8 b

Current Liabilities

716.7 m622 m635.6 m520.1 m

Non-Current Liabilities

1.3 b1.4 b1.5 b

Total Liabilities

2 b2.1 b2.2 b

Retained Earnings

627.2 m672 m705.7 m785.3 m

Total Equity

1.2 b1.4 b1.6 b

Debt to Equity Ratio

1.1 x

Debt to Assets Ratio

0.3 x

Financial Leverage

3.7 x3.5 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

13.8 m18.4 m19.9 m13.4 m10.7 m20.4 m12.3 m13.5 m

Accounts Receivable

149.1 m4.1 m4.4 m8.4 m6.9 m18.7 m13.1 m10.3 m

Current Assets

327.2 m308.4 m495.5 m229.8 m222.3 m421.9 m279 m270 m

Goodwill

48.9 m48.9 m48.9 m48.9 m48.9 m48.9 m48.9 m48.9 m

Total Assets

4.6 b

Accounts Payable

98.4 m85.2 m119.9 m75.8 m88.1 m121 m85.6 m93.8 m

Current Liabilities

659.5 m741.1 m782.9 m507 m646.8 m797.1 m652.9 m481.2 m

Non-Current Liabilities

1.4 b1.4 b1.5 b1.5 b1.5 b1.7 b1.7 b1.8 b

Retained Earnings

738.3 m706 m739.8 m780.3 m746 m776.8 m812.7 m778.4 m

Total Equity

1.4 b1.4 b1.5 b1.6 b1.5 b

Financial Leverage

3.4 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

134.4 m143.8 m137 m193.2 m

Depreciation and Amortization

120.8 m129.3 m140.2 m148.3 m

Inventories

(2.1 m)(10 m)16.2 m13.9 m

Accounts Payable

2.4 m18 k(7.6 m)6.2 m

Cash From Operating Activities

313.2 m430.6 m371.6 m308.4 m

Capital Expenditures

(521.8 m)

Cash From Investing Activities

(663.5 m)(504.4 m)(478.4 m)(373.7 m)

Long-term Borrowings

(100 m)

Dividends Paid

(92.1 m)(99.2 m)(103.4 m)(113.7 m)

Cash From Financing Activities

356.3 m75.4 m110.9 m68.2 m

Interest Paid

50.3 m64.3 m71.5 m

Income Taxes Paid

5.8 m10.8 m3.7 m

Free Cash Flow

(213.4 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

62.5 m(7.3 m)93 m66.4 m(8.3 m)97.8 m63.4 m(6.7 m)

Depreciation and Amortization

28.3 m30 m31.9 m31.7 m32.3 m33.7 m34 m34.5 m

Accounts Receivable

3.4 m4.1 m4.4 m8.4 m6.9 m18.7 m13.1 m10.3 m

Accounts Payable

98.4 m85.2 m119.9 m75.8 m88.1 m121 m85.6 m93.8 m
USDY, 2016

EV/EBIT

29.5 x

EV/CFO

21.5 x

EV/FCF

-31.1 x

Revenue/Employee

597.3 k

Debt/Equity

1.1 x

Debt/Assets

0.3 x

Financial Leverage

3.5 x

Traffic Overview of Piedmont Natural Gas Company

Piedmont Natural Gas Company Online and Social Media Presence

Piedmont Natural Gas Company News and Updates

BRIEF-Piedmont Natural Gas Company says issued $300 million 3.64% senior notes due 2046

* Says issued $300 million in aggregate principal amount of its 3.64% senior notes due 2046

Piedmont Natural Gas Company Company Life and Culture

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