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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Scana Corp. (delisted) | NYSE:SCG | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 47.78 | 0.00 | 00:00:00 |
From Jan 2020 to Jan 2025
DOW JONES NEWSWIRES
Scana Corp.'s (SCG) second-quarter profit slipped 3.5% on weak electricity sales and share dilution.
Electricity demand in Scana's Carolinas service territory has slumped during the economic downturn, offsetting continued customer growth in the region and lower operating and maintenance expenses.
The Columbia, S.C. electric and natural-gas utility company reported earnings of $55 million, or 45 cents a share, down from $57 million, or 48 cents a share, a year earlier. Revenue fell 28% to $878 million.
Analysts polled by Thomson Reuters expected per-share earnings of 45 cents on revenue of $1.2 billion.
Revenue from electricity dropped 9.6%, while regulated natural-gas revenue slipped 35% and non-regulated gas revenue fell 49% on lower prices.
Scana, which is planning to build two new nuclear reactors in South Carolina, also reaffirmed its full-year guidance of 2009 earnings in the range of $2.65 to $2.95 a share.
Shares of Scana closed at $35.32 on Wednesday and were inactive premarket.
-By Christine Buurma, Dow Jones Newswires; 212-416-2143; christine.buurma@dowjones.com
1 Year Scana Chart |
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