Piedmont Natural Gas Co (Piedmont Natural Gas Co) EBIT : $215 Mil (TTM As of Jul. 2016)

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What is Piedmont Natural Gas Co EBIT?

Piedmont Natural Gas Co's earnings before interest and taxes (EBIT) for the three months ended in Jul. 2016 was $11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jul. 2016 was $215 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Piedmont Natural Gas Co's annualized ROC % for the quarter that ended in Jul. 2016 was 0.65%. Piedmont Natural Gas Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2016 was 0.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Piedmont Natural Gas Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jul. 2016 was 4.31%.

Piedmont Natural Gas Co EBIT Historical Data

The historical data trend for Piedmont Natural Gas Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Piedmont Natural Gas Co EBIT Chart

Piedmont Natural Gas Co Annual Data

Trend

Oct06

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Oct15

EBIT

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167.86

161.26

167.97

210.13

218.93

Piedmont Natural Gas Co Quarterly Data
	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16
EBIT	Get a 7-Day Free Trial															10.51	4.07	116.63	83.31	10.87

Competitive Comparison of Piedmont Natural Gas Co's EBIT

For the Utilities - Regulated Gas subindustry, Piedmont Natural Gas Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Piedmont Natural Gas Co's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Piedmont Natural Gas Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Piedmont Natural Gas Co's EV-to-EBIT falls into.

Piedmont Natural Gas Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jul. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $215 Mil.

Piedmont Natural Gas Co (NYSE:PNY) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Piedmont Natural Gas Co's annualized ROC % for the quarter that ended in Jul. 2016 is calculated as:

	ROC % (Q: Jul. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Apr. 2016 )	+	Invested Capital (Q: Jul. 2016 ))	/ count )
=	26.62 * ( 1 - -38.65% )	/	( (5676.815	+	5607.812)	/ 2 )
=	36.90863	/	5642.3135
=	0.65 %

where

	Invested Capital		(Q: Apr. 2016 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5464.26	-	161.371	-	( 12.317	-	max(0, 652.891	-	278.965	+	12.317	))
=	5676.815

	Invested Capital		(Q: Jul. 2016 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5574.708	-	178.182	-	( 13.487	-	max(0, 481.242	-	269.956	+	13.487	))
=	5607.812

Note: The Operating Income data used here is four times the quarterly (Jul. 2016) data.

2. Joel Greenblatt's definition of Return on Capital:

Piedmont Natural Gas Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2016 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jul. 2016 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Apr. 2016		Q: Jul. 2016
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	43.468	/	( ( (4535.691 + max(-22.661, 0))	+	(4633.052 + max(-35.672, 0)) )	/	2 )
=	43.468	/	( ( 4535.691	+	4633.052 )	/	2 )
=	43.468	/	4584.3715
=	0.95 %

where Working Capital is:

	Working Capital		(Q: Apr. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(90.09	+	33.337	+	76.803)	-	(161.371	+	20.636	+	40.884)
=	-22.661

	Working Capital		(Q: Jul. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(60.078	+	43.205	+	102.287)	-	(178.182	+	17.006	+	46.054)
=	-35.672

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jul. 2016) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Piedmont Natural Gas Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jul. 2016 )
	=	214.871	/	4988.780
	=	4.31 %

Piedmont Natural Gas Co EBIT Related Terms

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Piedmont Natural Gas Co (Piedmont Natural Gas Co) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.piedmontng.com

Piedmont Natural Gas Co Inc was incorporated in New York in 1950 and began operations in 1951. In 1994, it merged into a newly formed North Carolina corporation with the same name for the purpose of changing its state of incorporation to North Carolina. The Company is an energy services company whose business is distribution of natural gas to residential, commercial, industrial and power generation clients in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities who are its wholesale customers. The Company is invested in joint venture, energy-related businesses, including unregulated retail natural gas marketing, regulated interstate natural gas transportation and storage and regulated intrastate natural gas transportation. It provides service from resource centers in Anderson, Greenville and Spartanburg in South Carolina and Charlotte, Salisbury, Greensboro, Winston-Salem, High Point, Burlington, Hickory, Indian Trail, Spruce Pine, Reidsville, Fayetteville, New Bern, Wilmington, Tarboro, Elizabeth City, Rockingham and Goldsboro in North Carolina. In North Carolina, it also provides natural gas service to Greenville, Rocky Mount and Wilson. In Tennessee, its service area is the metropolitan area of Nashville, including wholesale natural gas service to Gallatin and Smyrna. The Company has three reportable business segments, regulated utility, regulated non-utility activities and unregulated non-utility activities. The regulated utility segment includes operating a safe and reliable natural gas distribution system and the ability to recover the costs and expenses of the business in the rates charged to customers. The regulated non-utility activities segment consists of equity method investments in regulated energy-related joint ventures that are held by the Company's wholly-owned subsidiaries. The unregulated non-utility activities segment consists of its equity method investment in an unregulated energy-related joint venture that is held by a wholly-owned subsidiary. The regulated utility competes with other energy products, such as electricity and propane, in the residential and commercial customer markets. Natural gas for power generation competes with other fuel sources for the generation of electricity, including coal, nuclear and renewable resources. Additionally, as with industrial customers, the Company competes with other pipeline providers to serve the power generation plants.

Executives

Frank H Yoho	officer: Senior Vice President	5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240
Thomas E Skains	director, officer: Chairman, President and CEO	214 N TRYON STREET, CHARLOTTE NC 28202
Phillip D Wright	director	17988 EDISON AVE., CHESTERFIELD MO 63005
Holding Frank B Jr	director	4300 SIX FORKS ROAD, RALEIGH NC 27609
Vicki W Mcelreath	director	PO BOX 33068, CHARLOTTE NC 28233
Minor M Shaw	director	PO BOX 6721, C/O MICCO CORP, GREENVILLE SC 29606
John W Harris	director	PO BOX 26532, RICHMOND VA 23261
Kim R Cocklin	officer: Vice President	C/O ATMOS ENERGY CORPORATION, PO BOX 650205, DALLAS TX 75256