PIEDMONT NATURAL GAS CO INC | Understand Stock

What Do They Do?

Distributes natural gas to retail and wholesale customers in its service territories.

How Do They Make Money?

Retail and wholesale customers are billed at tariff or contract rates for natural gas delivered; bills generally go out monthly and payment is due within 30 days.

Year to Oct 2016 revenue by product or service revenue

Segment	Share	Revenue
Retail Natural Gas	93%
Wholesale Natural Gas	6.3%
Other Revenues	0.9%

Who Are Their Customers?

Serves retail natural gas customers in its North Carolina, South Carolina, Tennessee, Ohio and Kentucky service territories, and provides wholesale natural gas service.

Do Revenues Turn Into Profits?

Yes. It kept 17 cents of every revenue dollar as net income in Year to Oct 2016.

Operating income, Year to Oct 2016

20% of revenue

▼ −14% vs Year to Oct 2015 ($262.8M, 19%)

Net income, Year to Oct 2016

17% of revenue

▲ +41% vs Year to Oct 2015 ($137M, 10%)

How Are They Changing?

Since the latest annual report

Mar 31, 2026 Completed sale of Tennessee natural gas distribution business Piedmont completed the sale for $2.48 billion in cash, subject to customary purchase price adjustments.

Flat. Revenue was $1.1B in Year to Oct 2016, about the same as the $1.1B of Year to Oct 2012.

Revenue over time

Retail Natural Gas Wholesale Natural Gas Other Revenues

$2B$1B$0

Year to Oct 2014 Year to Oct 2015 Year to Oct 2016