SCANA Corp.’s (NYSE:SCG) 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.
Currently, SCANA has a Zacks Rank #3 (Hold) but that could change following its first quarter 2017 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 misses on earnings. Earnings per share came in at $1.19 per share failed to beat the Zacks Consensus Estimate of $1.37.
Revenue: Operating revenues of $1,173 million was almost in-line with the year ago figure.
Key Stats: Segment Performance
South Carolina Electric & Gas Company (SCE&G): Quarterly earnings from this segment, SCANA's principal subsidiary, were 78 cents per share, fell 3.7% from 81 cents in the year-ago quarter.
PSNC Energy: This segment recorded profit of 30 cents during the first quarter higher than 25 cents reported in the prior-year quarter.
SCANA Energy Marketing: The segment posted earnings of 11 cents per share, lower than 17 cents in the first quarter of 2016.
Check back later for our full write up on this SCANA earnings report later!
Scana Corporation (SCG): Free Stock Analysis Report
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