$SCG (SCANA Corp.)

$SCG {{ '2016-04-28T11:52:40+0000' | timeago}} • Announcement

Natural gas distributor $SCG posted lower 1Q16 results, hurt by abnormally mild winter weather and lower revenue. $SCG said net income fell 56% to $176MM, or $1.23 per share compared to $400MM, or $2.8 per share a year ago. Operating revenue fell 15.6% to $1.17Bil, hurt by gas-regulated and non-regulated segment revenue fall.

$SCG {{ '2017-02-16T21:03:35+0000' | timeago}} • Webcast

$SCG said that on the construction milestone payment schedule, the company received an order from the Dispute Resolution Board late last year and as of Dec. $SCG is making payments strictly under the milestone payment schedule. Therefore, the company does not have any catch-up payments to make.

$SCG {{ '2017-02-16T20:34:35+0000' | timeago}} • Webcast

$SCG said that the company's new long term GAAP adjusted weather normalized annual growth guidance target is to deliver 4-6% growth over the next 3-5 years using the base of 2016 EPS of $3.97 per share. The company also expects to grow dividends consistently with earnings.

$SCG {{ '2017-02-16T12:52:26+0000' | timeago}} • Announcement

$SCG estimates avg. annual EPS growth rate to be 2-4% over the next 3-5 years. For 2017, $SCG estimates that GAAP-adjusted weather-normalized EPS will be $4.15-4.35, with an internal target of $4.25 per share. $SCG estimates avg. annual growth rate for GAAP-adjusted weather-normalized EPS to be 4-6% over the next 3-5 years.

$SCG {{ '2017-02-16T12:47:34+0000' | timeago}} • Announcement

$SCG reported an increase in 4Q16 earnings. Net income was $124MM or $0.87 per share compared to $98MM or $0.69 per share for 4Q15. Total operating revenues increased to $1.05Bil versus $956MM last year.

$SCG {{ '2016-10-27T19:50:51+0000' | timeago}} • Webcast

$SCG commented that it is hopeful of the Public Service Commission of South Carolina approving the settlement agreement entered into with the SC Office of Regulatory Staff related to the construction milestone schedule and the capital cost schedule for the two new nuclear units. The company is expecting the decision before Nov. 28, 2016.

$SCG {{ '2016-10-27T13:41:12+0000' | timeago}} • Announcement

$SCG's largest business segment South Carolina Electric and Gas Company reported 3Q16 earnings of $204MM, or $1.43 per share, compared to $167MM, or $1.17 per share, a year ago. PSNC Energy, the company’s North Carolina-based retail natural gas distribution subsidiary, reported a seasonal loss of $6MM, or 5 cents per share.

$SCG {{ '2016-10-27T13:31:10+0000' | timeago}} • Announcement

$SCG maintained its targeted average annual earnings per share growth rate range to be negative 6 to 0 percent over the next 3 to 5 years due to the impact of the gains on the sales of the subsidiaries and incremental electric margins. It also maintained its targeted average annual earnings per share growth rate to be 4-6% over the next 3-5 years.

$SCG {{ '2016-10-27T13:27:58+0000' | timeago}} • Announcement

Electric and natural gas company $SCG reported a higher quarterly profit as a warmer-than-usual weather increased energy consumption. The company reported  3Q16 earnings of $189MM, or $1.32 per share, compared to $149MM, or $1.04 per share a year ago. Revenue rose to $1.09Bil from $1.07Bil.

$SCG {{ '2016-07-28T23:48:54+0000' | timeago}} • Webcast

$SCG said that its long-term GAAP adjusted weather-normalized average annual growth guidance target remains unchanged as the company plans to deliver 4-6% earnings growth over 3-5 years using a base of 2015 GAAP-adjusted weather-normalized EPS of $3.73 per share.

$SCG {{ '2016-07-28T23:38:51+0000' | timeago}} • Webcast

$SCG said that 2Q16 South Carolina Electric and Gas Company EPS was up $0.02 vs. 2Q15. SCANA Energy, which includes SCANA Energy Marketing and SCANA Energy Georgia, showed an increase in EPS of $0.02, primarily due to higher margins. Corporate and other businesses reported a loss of $0.05 per share in 2Q16.

$SCG {{ '2016-07-28T23:30:43+0000' | timeago}} • Webcast

Energy-based holding company $SCG said that electric margins benefited from a Base Load Review Act rate increase & customer growth. This was partially offset by milder weather in 2Q16 and slightly lower average use. The company's results also improved due to increased gas margins at SCANA Energy and positive impact of the depreciation study.

$SCG {{ '2016-07-28T15:31:41+0000' | timeago}} • Announcement

$SCG previously reset its base year for this outlook to 2015 GAAP-Adjusted Weather-Normalized EPS of $3.73. The company also reaffirmed its guidance for 2016 GAAP-Adjusted Weather-Normalized EPS of $3.90 to $4.10, with an internal target of $4.00 per share.

$SCG {{ '2016-07-28T15:30:32+0000' | timeago}} • Announcement

$SCG reaffirmed its targeted average annual EPS growth rate to be negative 6% to 0% over next 3 to 5 years due to impact of gains on sales of units and incremental electric margins due to abnormal weather in 2015. $SCG reaffirmed its targeted average annual growth rate for GAAP-Adjusted Weather-Normalized EPS to be 4-6% over next 3 to 5 years.

$SCG {{ '2016-07-28T15:26:59+0000' | timeago}} • Announcement

Energy holding company $SCG reported a rise in 2Q16 earnings driven by electric margins and customer growth as well as adoption of new depreciation rates for electric and common utility property. Net income rose to $105MM or $0.74 per share from $99MM or $0.69 per share last year. Operating revenue fell to $905MM from $967MM.

$SCG {{ '2016-06-06T19:13:17+0000' | timeago}} • SEC

During 1Q16, $SCG's cash flows from financing activities included normal dividend payments which were more than offset by increases in commercial paper balances. Similar financing activities in 1Q15 were offset by use of proceeds from the sales of CGT and SCI to reduce $SCG's long-term debt and reduce Consolidated SCE&G's short-term debt levels.

$SCG {{ '2016-06-06T19:11:55+0000' | timeago}} • SEC

Energy company $SCG said that 1Q16 income taxe was lower than 1Q15 primarily due to lower income before taxes. Income before taxes was higher in 2015 primarily due to the sales of CGT and SCI. The effective tax rate for 2015 was higher than the rate for 2016 due to discrete items related to the sales of CGT and SCI.

$SCG {{ '2016-04-28T19:15:12+0000' | timeago}} • Webcast

South Carolina-based holding company $SCG said PSNC Energy reported earnings of $0.25 per share in 1Q16 compared to $0.24 per share a year ago, driven by higher margins from customer growth. SCANA Energy had a fall in earnings of $0.06 per share, hurt by lower throughput attributable to the warmer weather during 1Q16.

$SCG {{ '2016-04-28T18:45:41+0000' | timeago}} • Announcement

$SCG said its BoD declared a regular quarterly dividend of $0.5750 cents per share on its common stock for the quarter ending June 30, 2016. The dividend is payable July 1, 2016 to shareholders of record at the close of business on June 10, 2016.

$SCG {{ '2016-04-28T11:59:31+0000' | timeago}} • Announcement

$SCG, which competes with $PREX and $DUK, said it reaffirmed its FY16 guidance. The company expects FY16 GAAP-adjusted weather-normalized EPS of $3.90-4.10, with an internal target of $4.00 per share.

$SCG {{ '2016-04-28T11:55:42+0000' | timeago}} • Announcement

In 1Q16, $SCG's principal subsidiary SCE&G reported lower earnings, hurt by abnormally mild winter weather. Earnings during the quarter fell to $116MM or $0.81 per share compared to $126MM, or $0.89 per share a year ago.

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