SCANA Corp.’s operations include generation, transmission, distribution, and sale of electricity to retail and wholesale customers in South Carolina. The company also purchases, sells, and transports natural gas to retail customers in South Carolina and southeastern Georgia; provides energy-related risk management services; and acquires, owns, and provides financing for nuclear fuel, fossil fuel, and emission allowances. In addition, it offers fiber optic communications, Ethernet services, and data center facilities. SCANA also builds, manages, and leases communications towers in South Carolina, North Carolina, and Georgia; and services contracts on home appliances, and heating and air conditioning units.
Currently, SCANA has a Zacks Rank #3 (Hold) but that could change following its third quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: SCANA beats on earnings. Earnings per share came in at $1.32 per share beating the Zacks Consensus Estimate of $1.05.
Revenue: Operating revenues of $1,093 million declined 2.3% year over year.
Key Stats: Segment Performance
South Carolina Electric & Gas Company (SCE&G): Quarterly earnings from this segment, SCANA's principal subsidiary, were $1.43 per share, up 22.2% from $1.17 in the year-ago quarter.
PSNC Energy: This segment recorded a loss of 5 cents during the third quarter wider than a loss of 4 cents reported in the prior-year quarter.
SCANA Energy-Georgia: The segment – comprising SCANA’s retail natural gas marketing business in Georgia – posted loss of 1 cent per share, wider than a loss of 3 cents in the third quarter of 2015.
Corporate and Other, Net: This business segment posted loss of 5 cents per share compared to a loss of 6 cents in the year ago quarter.
Check back later for our full write up on this SCANA earnings report later!
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Scana Corp (SCG) Q3 Earnings Beat
SCANA Corp.’s operations include generation, transmission, distribution, and sale of electricity to retail and wholesale customers in South Carolina. The company also purchases, sells, and transports natural gas to retail customers in South Carolina and southeastern Georgia; provides energy-related risk management services; and acquires, owns, and provides financing for nuclear fuel, fossil fuel, and emission allowances. In addition, it offers fiber optic communications, Ethernet services, and data center facilities. SCANA also builds, manages, and leases communications towers in South Carolina, North Carolina, and Georgia; and services contracts on home appliances, and heating and air conditioning units.
Currently, SCANA has a Zacks Rank #3 (Hold) but that could change following its third quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
SCANA CORP Price and EPS Surprise
SCANA CORP Price and EPS Surprise | SCANA CORP Quote
We have highlighted some of the key details from the just-released announcement below:
Earnings: SCANA beats on earnings. Earnings per share came in at $1.32 per share beating the Zacks Consensus Estimate of $1.05.
Revenue: Operating revenues of $1,093 million declined 2.3% year over year.
Key Stats: Segment Performance
South Carolina Electric & Gas Company (SCE&G): Quarterly earnings from this segment, SCANA's principal subsidiary, were $1.43 per share, up 22.2% from $1.17 in the year-ago quarter.
PSNC Energy: This segment recorded a loss of 5 cents during the third quarter wider than a loss of 4 cents reported in the prior-year quarter.
SCANA Energy-Georgia: The segment – comprising SCANA’s retail natural gas marketing business in Georgia – posted loss of 1 cent per share, wider than a loss of 3 cents in the third quarter of 2015.
Corporate and Other, Net: This business segment posted loss of 5 cents per share compared to a loss of 6 cents in the year ago quarter.
Check back later for our full write up on this SCANA earnings report later!
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>