SCANA Corporation reported consolidated earnings of $114 million for the first quarter of 2009, comparable to earnings of $109 million in the first quarter of 2008. Earnings were positively impacted by lower operating and maintenance expenses and favorable weather, offsetting factors such as lower natural gas margins. By business line, South Carolina Electric & Gas earned $62 million, PSNC Energy earned $30 million, and SCANA Energy earned $22 million. The company affirmed its guidance for 2009 earnings between $2.65 to $2.95 per share.
progress energy 2Q 02earnings release Finalfinance25
Progress Energy reported second quarter 2002 earnings per share of $0.56, or $0.83 excluding non-operating items. This was in line with guidance. Key highlights included reaching long-term rate agreements in Florida and North Carolina that stabilize rates through 2005 and 2007 respectively. For 2002, the company expects ongoing earnings between $3.90-$4.00 per share, within previous guidance despite industrial slowdowns impacting some regions.
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- Progress Energy reported ongoing quarterly earnings of $1.53 per share and GAAP earnings of $0.71 per share. It expects 2002 ongoing earnings to be within its target range of $3.90 to $4.00 per share.
- It announced an agreement to sell NCNG to Piedmont Natural Gas for $425 million, which will be used to pay down debt.
- For 2003, it expects 3% earnings growth over 2002 through cost management, sales growth at its electric utilities, and additional revenues from its non-regulated business.
1) Burlington Northern Santa Fe Corporation reported earnings of $0.40 per share for the first quarter of 2003, before a cumulative effect adjustment of $0.10 per share for a change in accounting principle.
2) Freight revenues increased 3% to $2.2 billion compared to the first quarter of 2002, while operating expenses rose $103 million to $1.89 billion due to a $90 million increase in fuel costs.
3) Operating income was $346 million for the quarter, down from $380 million in the prior year due to higher fuel costs, and the operating ratio rose to 84.3% from 82.2% in 2002.
Progress Energy reported 2004 ongoing earnings of $3.06 per share and GAAP earnings of $3.13 per share. For the fourth quarter, ongoing earnings were $0.62 per share and GAAP earnings were $0.80 per share. For 2005, ongoing earnings guidance was set at $2.90 to $3.20 per share. Key drivers for 2005 earnings included customer growth and usage offset by higher O&M costs and the sale of Progress Rail. Significant events in 2004 included hurricane impacts, regulatory filings, and asset sales.
Duke Energy reported second quarter 2003 earnings per share of $0.46, including $0.16 from asset sales. Performance was impacted by cooler weather reducing electricity demand. Total first half 2003 earnings were $0.71 per share, including a $0.18 accounting change charge. Duke exceeded its $1.5 billion asset sale target and expects full-year earnings between $1.35-$1.60 per share.
Burlington Northern Santa Fe Corporation reported record third quarter 2004 revenues of $2.74 billion, a 16% increase over 2003. Operating expenses increased due to a $465 million charge to update estimates for asbestos and environmental liabilities. Net income was $2 million compared to $203 million in 2003. Freight volumes increased 12% across consumer, industrial, coal, and agricultural products.
Progress Energy reported third quarter 2004 ongoing earnings of $1.01 per share compared to $1.28 per share in the third quarter of 2003. GAAP earnings were $1.25 per share compared to $1.33 per share. Earnings from core utility businesses were strong but offset by lower synthetic fuel production tax credits. Hurricane damage restoration costs totaled $379 million. Progress Energy reaffirmed 2004 ongoing earnings guidance of $2.95 to $3.10 per share and announced developments in an IRS audit of synthetic fuel tax credits.
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Progress Energy reported first quarter earnings per share of $0.62, and $0.77 excluding one-time items. A rate settlement in Florida contributed $0.10 per share in retroactive revenue. Progress Energy reaffirmed its 2002 EPS guidance of $3.90 to $4.10. Several factors including mild weather, economic conditions, and debt issuance impacted the year-over-year EPS difference of $0.11.
progress energy 2Q 02earnings release Finalfinance25
Progress Energy reported second quarter 2002 earnings per share of $0.56, or $0.83 excluding non-operating items. This was in line with guidance. Key highlights included reaching long-term rate agreements in Florida and North Carolina that stabilize rates through 2005 and 2007 respectively. For 2002, the company expects ongoing earnings between $3.90-$4.00 per share, within previous guidance despite industrial slowdowns impacting some regions.
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- Progress Energy reported ongoing quarterly earnings of $1.53 per share and GAAP earnings of $0.71 per share. It expects 2002 ongoing earnings to be within its target range of $3.90 to $4.00 per share.
- It announced an agreement to sell NCNG to Piedmont Natural Gas for $425 million, which will be used to pay down debt.
- For 2003, it expects 3% earnings growth over 2002 through cost management, sales growth at its electric utilities, and additional revenues from its non-regulated business.
1) Burlington Northern Santa Fe Corporation reported earnings of $0.40 per share for the first quarter of 2003, before a cumulative effect adjustment of $0.10 per share for a change in accounting principle.
2) Freight revenues increased 3% to $2.2 billion compared to the first quarter of 2002, while operating expenses rose $103 million to $1.89 billion due to a $90 million increase in fuel costs.
3) Operating income was $346 million for the quarter, down from $380 million in the prior year due to higher fuel costs, and the operating ratio rose to 84.3% from 82.2% in 2002.
Progress Energy reported 2004 ongoing earnings of $3.06 per share and GAAP earnings of $3.13 per share. For the fourth quarter, ongoing earnings were $0.62 per share and GAAP earnings were $0.80 per share. For 2005, ongoing earnings guidance was set at $2.90 to $3.20 per share. Key drivers for 2005 earnings included customer growth and usage offset by higher O&M costs and the sale of Progress Rail. Significant events in 2004 included hurricane impacts, regulatory filings, and asset sales.
Duke Energy reported second quarter 2003 earnings per share of $0.46, including $0.16 from asset sales. Performance was impacted by cooler weather reducing electricity demand. Total first half 2003 earnings were $0.71 per share, including a $0.18 accounting change charge. Duke exceeded its $1.5 billion asset sale target and expects full-year earnings between $1.35-$1.60 per share.
Burlington Northern Santa Fe Corporation reported record third quarter 2004 revenues of $2.74 billion, a 16% increase over 2003. Operating expenses increased due to a $465 million charge to update estimates for asbestos and environmental liabilities. Net income was $2 million compared to $203 million in 2003. Freight volumes increased 12% across consumer, industrial, coal, and agricultural products.
Progress Energy reported third quarter 2004 ongoing earnings of $1.01 per share compared to $1.28 per share in the third quarter of 2003. GAAP earnings were $1.25 per share compared to $1.33 per share. Earnings from core utility businesses were strong but offset by lower synthetic fuel production tax credits. Hurricane damage restoration costs totaled $379 million. Progress Energy reaffirmed 2004 ongoing earnings guidance of $2.95 to $3.10 per share and announced developments in an IRS audit of synthetic fuel tax credits.
progress energy 1Q 02 earnings releaseFinal_allfinance25
Progress Energy reported first quarter earnings per share of $0.62, and $0.77 excluding one-time items. A rate settlement in Florida contributed $0.10 per share in retroactive revenue. Progress Energy reaffirmed its 2002 EPS guidance of $3.90 to $4.10. Several factors including mild weather, economic conditions, and debt issuance impacted the year-over-year EPS difference of $0.11.
This document provides an overview and analysis of Sempra Energy's financial condition and results of operations for 2004. Key points include:
- Net income increased 37.9% to $895 million in 2004 due to improved results at Sempra Commodities and Sempra Generation.
- Major events in 2004 that impacted financial results included acquisitions, LNG business development, California energy crisis litigation, and regulatory decisions affecting utility rates.
- The California Utilities division saw higher natural gas revenues and costs due to rising gas prices, while electric revenues declined slightly as fuel and purchase costs rose.
Progress Energy reported its fourth quarter and full year 2003 financial results. For 2003, ongoing earnings were $3.56 per share and GAAP earnings were $3.30 per share. For Q4 2003, ongoing earnings were $0.82 per share and GAAP earnings were $0.42 per share. Progress Energy set its 2004 ongoing earnings guidance range at $3.50 to $3.65 per share. Significant events in 2003 included strong performance of the company's nuclear power plants, new franchise agreements in Florida, and receiving an emergency response award for its response to the 2002 ice storm.
Burlington Northern Santa Fe reported record second quarter earnings in 2004, with EPS of $0.67, up 24% from the second quarter of 2003. Freight revenues increased 17% to a record $2.64 billion, driven by a 2% average price increase and record volumes. Operating income increased 23% to $508 million while the operating ratio improved to 80.7%. The company also announced a 13% increase in its quarterly dividend.
Burlington Northern Santa Fe reported third quarter 2003 earnings of $0.55 per share, an 8% increase over third quarter 2002 earnings of $0.51 per share. Freight revenues increased 4% to a record $2.37 billion due to strong volumes in consumer products and industrial products. Operating expenses increased 4% due to a 21% rise in fuel costs. Operating income rose 3% to $430 million and the operating ratio was 81.8% compared to 81.6% in the prior year.
The document is Burlington Northern Santa Fe Corporation's third quarter 2001 investors' report. Key points:
- Earnings per share were $0.58 compared to $0.64 in third quarter 2000. Freight revenues were $2.31 billion, even with last year.
- Operating expenses were higher by $69 million due to increased compensation, benefits, and fuel costs. Operating income was $502 million versus $571 million in 2000.
- 4.1 million shares were repurchased in the quarter, bringing the total under the buyback program to 101.1 million shares.
- The report provides financial statements and statistics on revenues, expenses, operations, and capital expenditures for
Progress Energy reported third quarter ongoing earnings of $1.28 per share and year-to-date ongoing earnings of $2.74 per share. Earnings were lowered due to unfavorable weather and a slow economic recovery, prompting a reduction in 2003 earnings guidance to $3.50 to $3.60 per share. Additionally, the IRS rejected challenges to Progress Energy's Colona synthetic fuels facility, bringing the tax audit closer to resolution. Progress Energy also announced several asset sales and operational updates across its business segments.
This document provides an annual investors' report for Burlington Northern Santa Fe Corporation for 2002. It includes:
1) Key financial highlights for Q4 2002 including $0.54 earnings per share, $2.27 billion in freight revenues, and $436 million in operating income.
2) Annual 2002 results including $2.00 earnings per share, $8.87 billion in freight revenues, and $1.66 billion in operating income.
3) Details of common stock repurchases totaling approximately 116 million shares under their repurchase program.
Burlington Northern Santa Fe reported earnings of $0.54 per share for the second quarter of 2003, up slightly from $0.51 per share in the second quarter of 2002. Freight revenues increased 3.7% to $2.26 billion due to a 4.6% rise in shipments handled. However, operating income was flat at $412 million as fuel expenses increased $56 million compared to the previous year. The company also repurchased 2 million shares during the quarter as part of its share buyback program.
The document provides a summary of Sempra Energy's 2003 financial report. It discusses key events in 2003 including favorable tax resolutions, contract decisions, and regulatory proceedings. It provides an overview of Sempra Energy and its business units, including the California Utilities (SoCalGas and SDG&E), Sempra Energy Global Enterprises, and Sempra Energy Financial. The summary discusses operating results, factors affecting comparisons between 2002 and 2003, ratemaking for the California Utilities, natural gas and electric revenues and costs, and volumes and revenues by customer class for the California Utilities.
1) The document provides cautionary statements regarding Southern Company's forward-looking financial information for 2009, noting various factors that could cause actual results to differ from expectations.
2) It summarizes drivers of earnings growth between 2007 and 2008, and provides Southern Company's capital expenditure forecast and major projects for 2009-2011.
3) Southern Company aims for long-term average earnings per share growth of 6% annually and provides earnings per share guidance of $2.30 to $2.45 for 2009.
Progress Energy reported first quarter 2005 results, with ongoing earnings of $0.52 per share and GAAP earnings of $0.38 per share. Core ongoing earnings, which exclude synthetic fuels, were $0.53 per share, up from $0.45 per share in the prior year. Approximately 1,450 employees elected to retire under a voluntary enhanced retirement program. Progress Energy reaffirmed its 2005 ongoing earnings guidance of $2.90 to $3.20 per share.
Marathon Oil Corporation reported financial results for the third quarter of 2005, with net income of $770 million compared to $222 million in the third quarter of 2004. Revenues increased to $17.2 billion from $12.3 billion. Exploration and production income increased due to higher oil and gas prices, though production was slightly below guidance due to Gulf of Mexico hurricanes. Refining and marketing income also increased due to strong performance despite hurricane impacts. The company continued major investments across all segments and production is recovering from the hurricanes.
Burlington Northern Santa Fe reported earnings of $0.51 per share for Q2 2002, up slightly from $0.50 per share in Q2 2001. Freight revenues were $2.18 billion, down 3% from the previous year, with declines in coal, agricultural products, and industrial products offsetting growth in consumer products. Operating expenses decreased 2% despite lower fuel prices, helping maintain the operating ratio at 81.4%. The company also repurchased 4.2 million shares during the quarter.
DTE Energy reported strong financial results for the first quarter of 2002, with net income of $200 million, a 44% increase over the previous year. Earnings per share increased 27% to $1.24. The results were driven by higher earnings from non-regulated businesses and the addition of DTE Energy's gas distribution business. Despite challenges like a mild winter and slow economic recovery, the company reaffirmed its full-year earnings target of $3.70 to $4.00 per share due to the diversity of its businesses.
DTE Energy reported strong third quarter 2006 earnings of $188 million compared to $4 million in third quarter 2005. Operating earnings, which exclude non-recurring items, were $255 million in third quarter 2006 compared to $5 million in third quarter 2005. All of DTE Energy's business segments experienced increased operating earnings except for Gas Utility which typically has a seasonal loss in the third quarter. DTE Energy tightened its full year 2006 operating earnings guidance excluding synthetic fuels to be between $2.42 to $2.53 per share.
DTE Energy reported lower second quarter earnings compared to the previous year, but operating earnings were higher. While the electric and gas utilities saw improved earnings, the non-utility businesses had lower earnings due to accounting deferrals and oil hedging losses. However, DTE Energy reaffirmed its full-year operating earnings guidance.
1. Burlington Northern Santa Fe reported first quarter 2002 earnings of $0.45 per share, up from $0.34 per share in first quarter 2001, which included non-recurring losses.
2. Freight revenues decreased 6% to $2.14 billion due to softer demand across all major product sectors and mild winter weather reducing coal shipments.
3. Operating expenses decreased 4% to $1.8 billion due to reductions in fuel costs, compensation, and equipment rents, partially offsetting the revenue decline.
1) TCF Financial Corporation reported first quarter 2009 diluted earnings per share of $0.17, down from $0.38 in the first quarter of 2008. Net income for the quarter was $26.6 million, down 43.8% from the prior year.
2) Total deposits increased by over $1 billion compared to the previous quarter due to successful marketing strategies, however this excess liquidity lowered the net interest margin to 3.66%.
3) Banking fees declined from the prior year due to lower transaction volumes, while the leasing business saw a 4.3% revenue increase. Card revenues were flat with the prior periods.
The document lists various services that SUSU (Southampton University Student Union) can provide for students, including website hosting, email addresses, mailing lists, printing, design services, media resources, and bookable resources. It also mentions that SUSU will have new online voting available for student elections in 2010.
1) Sandy Spring Bancorp reported net income of $1.0 million for Q1 2009, down from $8.2 million in Q1 2008.
2) The provision for loan and lease losses was $10.6 million for Q1 2009 due to risk rating downgrades and specific reserves for residential real estate development loans.
3) Noninterest expenses decreased 2% from Q1 2008 and customer funding sources increased 8% from both Q1 and Q4 2008 due to growth in money market accounts.
- Invesco reported its first quarter 2009 results with total AUM of $348.2 billion, down from $357.2 billion at the end of 2008.
- Net long-term flows were positive $0.7 billion for the quarter, continuing the trend of improved flows. Institutional money market AUM increased by $8.6 billion.
- Net operating income was $67.6 million for Q1 2009, down from $91.5 million in Q4 2008, and net operating margin was 16.5% versus 19.0% the prior quarter.
Nexen delivered solid first quarter results in 2009 despite low oil prices. Highlights include $557 million in cash flow, production of 252,000 boe/d which was 9% higher than the previous quarter, and exploration success in the UK North Sea. The Long Lake upgrader started production of Premium Synthetic Crude and reservoir performance is improving. Nexen's financial position remains strong with $3.3 billion in liquidity. Development continues on projects such as Long Lake, Ettrick, Longhorn and Usan, which are economic in the current price environment.
This document provides an overview and analysis of Sempra Energy's financial condition and results of operations for 2004. Key points include:
- Net income increased 37.9% to $895 million in 2004 due to improved results at Sempra Commodities and Sempra Generation.
- Major events in 2004 that impacted financial results included acquisitions, LNG business development, California energy crisis litigation, and regulatory decisions affecting utility rates.
- The California Utilities division saw higher natural gas revenues and costs due to rising gas prices, while electric revenues declined slightly as fuel and purchase costs rose.
Progress Energy reported its fourth quarter and full year 2003 financial results. For 2003, ongoing earnings were $3.56 per share and GAAP earnings were $3.30 per share. For Q4 2003, ongoing earnings were $0.82 per share and GAAP earnings were $0.42 per share. Progress Energy set its 2004 ongoing earnings guidance range at $3.50 to $3.65 per share. Significant events in 2003 included strong performance of the company's nuclear power plants, new franchise agreements in Florida, and receiving an emergency response award for its response to the 2002 ice storm.
Burlington Northern Santa Fe reported record second quarter earnings in 2004, with EPS of $0.67, up 24% from the second quarter of 2003. Freight revenues increased 17% to a record $2.64 billion, driven by a 2% average price increase and record volumes. Operating income increased 23% to $508 million while the operating ratio improved to 80.7%. The company also announced a 13% increase in its quarterly dividend.
Burlington Northern Santa Fe reported third quarter 2003 earnings of $0.55 per share, an 8% increase over third quarter 2002 earnings of $0.51 per share. Freight revenues increased 4% to a record $2.37 billion due to strong volumes in consumer products and industrial products. Operating expenses increased 4% due to a 21% rise in fuel costs. Operating income rose 3% to $430 million and the operating ratio was 81.8% compared to 81.6% in the prior year.
The document is Burlington Northern Santa Fe Corporation's third quarter 2001 investors' report. Key points:
- Earnings per share were $0.58 compared to $0.64 in third quarter 2000. Freight revenues were $2.31 billion, even with last year.
- Operating expenses were higher by $69 million due to increased compensation, benefits, and fuel costs. Operating income was $502 million versus $571 million in 2000.
- 4.1 million shares were repurchased in the quarter, bringing the total under the buyback program to 101.1 million shares.
- The report provides financial statements and statistics on revenues, expenses, operations, and capital expenditures for
Progress Energy reported third quarter ongoing earnings of $1.28 per share and year-to-date ongoing earnings of $2.74 per share. Earnings were lowered due to unfavorable weather and a slow economic recovery, prompting a reduction in 2003 earnings guidance to $3.50 to $3.60 per share. Additionally, the IRS rejected challenges to Progress Energy's Colona synthetic fuels facility, bringing the tax audit closer to resolution. Progress Energy also announced several asset sales and operational updates across its business segments.
This document provides an annual investors' report for Burlington Northern Santa Fe Corporation for 2002. It includes:
1) Key financial highlights for Q4 2002 including $0.54 earnings per share, $2.27 billion in freight revenues, and $436 million in operating income.
2) Annual 2002 results including $2.00 earnings per share, $8.87 billion in freight revenues, and $1.66 billion in operating income.
3) Details of common stock repurchases totaling approximately 116 million shares under their repurchase program.
Burlington Northern Santa Fe reported earnings of $0.54 per share for the second quarter of 2003, up slightly from $0.51 per share in the second quarter of 2002. Freight revenues increased 3.7% to $2.26 billion due to a 4.6% rise in shipments handled. However, operating income was flat at $412 million as fuel expenses increased $56 million compared to the previous year. The company also repurchased 2 million shares during the quarter as part of its share buyback program.
The document provides a summary of Sempra Energy's 2003 financial report. It discusses key events in 2003 including favorable tax resolutions, contract decisions, and regulatory proceedings. It provides an overview of Sempra Energy and its business units, including the California Utilities (SoCalGas and SDG&E), Sempra Energy Global Enterprises, and Sempra Energy Financial. The summary discusses operating results, factors affecting comparisons between 2002 and 2003, ratemaking for the California Utilities, natural gas and electric revenues and costs, and volumes and revenues by customer class for the California Utilities.
1) The document provides cautionary statements regarding Southern Company's forward-looking financial information for 2009, noting various factors that could cause actual results to differ from expectations.
2) It summarizes drivers of earnings growth between 2007 and 2008, and provides Southern Company's capital expenditure forecast and major projects for 2009-2011.
3) Southern Company aims for long-term average earnings per share growth of 6% annually and provides earnings per share guidance of $2.30 to $2.45 for 2009.
Progress Energy reported first quarter 2005 results, with ongoing earnings of $0.52 per share and GAAP earnings of $0.38 per share. Core ongoing earnings, which exclude synthetic fuels, were $0.53 per share, up from $0.45 per share in the prior year. Approximately 1,450 employees elected to retire under a voluntary enhanced retirement program. Progress Energy reaffirmed its 2005 ongoing earnings guidance of $2.90 to $3.20 per share.
Marathon Oil Corporation reported financial results for the third quarter of 2005, with net income of $770 million compared to $222 million in the third quarter of 2004. Revenues increased to $17.2 billion from $12.3 billion. Exploration and production income increased due to higher oil and gas prices, though production was slightly below guidance due to Gulf of Mexico hurricanes. Refining and marketing income also increased due to strong performance despite hurricane impacts. The company continued major investments across all segments and production is recovering from the hurricanes.
Burlington Northern Santa Fe reported earnings of $0.51 per share for Q2 2002, up slightly from $0.50 per share in Q2 2001. Freight revenues were $2.18 billion, down 3% from the previous year, with declines in coal, agricultural products, and industrial products offsetting growth in consumer products. Operating expenses decreased 2% despite lower fuel prices, helping maintain the operating ratio at 81.4%. The company also repurchased 4.2 million shares during the quarter.
DTE Energy reported strong financial results for the first quarter of 2002, with net income of $200 million, a 44% increase over the previous year. Earnings per share increased 27% to $1.24. The results were driven by higher earnings from non-regulated businesses and the addition of DTE Energy's gas distribution business. Despite challenges like a mild winter and slow economic recovery, the company reaffirmed its full-year earnings target of $3.70 to $4.00 per share due to the diversity of its businesses.
DTE Energy reported strong third quarter 2006 earnings of $188 million compared to $4 million in third quarter 2005. Operating earnings, which exclude non-recurring items, were $255 million in third quarter 2006 compared to $5 million in third quarter 2005. All of DTE Energy's business segments experienced increased operating earnings except for Gas Utility which typically has a seasonal loss in the third quarter. DTE Energy tightened its full year 2006 operating earnings guidance excluding synthetic fuels to be between $2.42 to $2.53 per share.
DTE Energy reported lower second quarter earnings compared to the previous year, but operating earnings were higher. While the electric and gas utilities saw improved earnings, the non-utility businesses had lower earnings due to accounting deferrals and oil hedging losses. However, DTE Energy reaffirmed its full-year operating earnings guidance.
1. Burlington Northern Santa Fe reported first quarter 2002 earnings of $0.45 per share, up from $0.34 per share in first quarter 2001, which included non-recurring losses.
2. Freight revenues decreased 6% to $2.14 billion due to softer demand across all major product sectors and mild winter weather reducing coal shipments.
3. Operating expenses decreased 4% to $1.8 billion due to reductions in fuel costs, compensation, and equipment rents, partially offsetting the revenue decline.
1) TCF Financial Corporation reported first quarter 2009 diluted earnings per share of $0.17, down from $0.38 in the first quarter of 2008. Net income for the quarter was $26.6 million, down 43.8% from the prior year.
2) Total deposits increased by over $1 billion compared to the previous quarter due to successful marketing strategies, however this excess liquidity lowered the net interest margin to 3.66%.
3) Banking fees declined from the prior year due to lower transaction volumes, while the leasing business saw a 4.3% revenue increase. Card revenues were flat with the prior periods.
The document lists various services that SUSU (Southampton University Student Union) can provide for students, including website hosting, email addresses, mailing lists, printing, design services, media resources, and bookable resources. It also mentions that SUSU will have new online voting available for student elections in 2010.
1) Sandy Spring Bancorp reported net income of $1.0 million for Q1 2009, down from $8.2 million in Q1 2008.
2) The provision for loan and lease losses was $10.6 million for Q1 2009 due to risk rating downgrades and specific reserves for residential real estate development loans.
3) Noninterest expenses decreased 2% from Q1 2008 and customer funding sources increased 8% from both Q1 and Q4 2008 due to growth in money market accounts.
- Invesco reported its first quarter 2009 results with total AUM of $348.2 billion, down from $357.2 billion at the end of 2008.
- Net long-term flows were positive $0.7 billion for the quarter, continuing the trend of improved flows. Institutional money market AUM increased by $8.6 billion.
- Net operating income was $67.6 million for Q1 2009, down from $91.5 million in Q4 2008, and net operating margin was 16.5% versus 19.0% the prior quarter.
Nexen delivered solid first quarter results in 2009 despite low oil prices. Highlights include $557 million in cash flow, production of 252,000 boe/d which was 9% higher than the previous quarter, and exploration success in the UK North Sea. The Long Lake upgrader started production of Premium Synthetic Crude and reservoir performance is improving. Nexen's financial position remains strong with $3.3 billion in liquidity. Development continues on projects such as Long Lake, Ettrick, Longhorn and Usan, which are economic in the current price environment.
Datalink Corporation reported financial results for the second quarter of 2009 with the following highlights:
- Revenues for Q2 2009 were $43.7 million, down 11.7% from $49.7 million in Q2 2008. However, revenues increased 9.6% sequentially from Q1 2009.
- Net income for Q2 2009 was $283,000 or $0.02 per share, compared to net income of $979,000 or $0.08 per share in Q2 2008.
- Non-GAAP net income for Q2 2009 was $595,000 or $0.05 per share, compared to $1.3 million or $0.10 per
First Financial Bankshares reported higher first quarter earnings compared to the same period last year. Net interest income increased 7% and the net interest margin rose to 4.76% from 4.58% a year ago. Noninterest income declined due to lower trust and service charge fees, partly offset by higher gains on the sale of student loans. Nonperforming assets increased to 95 basis points of loans and foreclosed assets but remain below peer banks.
Southern Company reported higher earnings in the first quarter of 2003 compared to the same period the previous year, driven by increased electricity demand due to cold weather and customer growth in the Southeast. Total revenues were $2.55 billion compared to $2.21 billion in the first quarter of 2002. The company also expects to realize a one-time $88 million gain in the second quarter from terminating wholesale power contracts with Dynegy. Looking ahead, Southern Company plans to focus on its regulated infrastructure businesses serving over 4 million customers, completing 4,000 MW of additional competitive generation by 2005, and expanding its portfolio of products and services for energy consumers.
Southern Company reported second quarter earnings of $432 million, or $0.60 per share, compared to $332 million, or $0.47 per share in the second quarter of 2002. Results included an after-tax gain of $88 million from terminating wholesale power contracts with Dynegy. Earnings for the first six months of 2003 were $730 million compared to $556 million in the same period in 2002. Customer growth was 1.6% higher than the prior year. Mild weather reduced retail electricity demand but boosted wholesale sales. Southern Company remains on track to meet financial and operational targets for the year.
Ballard Power Systems reported its first quarter 2009 results. Total product shipments decreased 32% from the previous year due to weak demand. Revenue declined 50% due to lower automotive sector business. The net loss increased compared to the prior year, which included significant one-time gains. Ballard confirmed its full year guidance and expects shipments and revenues to increase in the second half of 2009.
Progress Energy reported strong financial results for the first quarter of 2003. They reported ongoing earnings of $0.79 per share and GAAP earnings of $0.89 per share. Additionally, they acquired 195 billion cubic feet of natural gas reserves and agreed to acquire a full-requirements power supply agreement. The company saw increased earnings due to favorable weather, customer growth and lower interest expenses, though earnings were partially offset by a rate reduction in Florida.
DTE Energy reported strong third quarter 2006 earnings of $188 million compared to $4 million in third quarter 2005. Operating earnings, which exclude non-recurring items, were $255 million in third quarter 2006 compared to $5 million in third quarter 2005. All of DTE Energy's business segments experienced increased operating earnings except for Gas Utility which typically has a seasonal loss in the third quarter. DTE Energy tightened its full year 2006 operating earnings guidance excluding synthetic fuels to be between $2.42 to $2.53 per share.
Progress Energy reported 2005 ongoing earnings per share of $3.33, exceeding guidance. Fourth quarter ongoing earnings were $0.71 per share. Key highlights included resolving an IRS issue regarding synthetic fuel tax credits and providing 2006 ongoing earnings guidance of $3.15 to $3.35 per share. Both regulated utility segments benefited from higher margins though also incurred higher operating costs. Progress Ventures saw lower commercial operations margins.
This document provides an overview and analysis of Sempra Energy's financial condition and results of operations for 2004. Key points include:
- Net income increased 37.9% to $895 million in 2004 due to improved results at Sempra Commodities and Sempra Generation.
- Major events in 2004 that impacted financial results included acquisitions, LNG business development, increased profits from market volatility, and regulatory decisions affecting utility rates.
- The California Utilities segment saw higher natural gas revenues and costs due to rising gas prices, while electric revenues declined due to regulatory changes affecting procurement.
PPG Industries reported their third quarter 2008 financial results. Despite challenges like hurricanes, an auto industry slowdown, and higher costs, PPG achieved double-digit sales and earnings growth in most business segments. They completed the sale of their automotive glass business and announced a restructuring to reduce costs. Strong cash generation allowed them to reduce debt by over $650 million for the year so far.
Oceaneering International reported record first quarter earnings for the period ending March 31, 2009. Revenue was $435 million and net income was $44.3 million, or $0.80 per share. This was an increase from the same period in 2008 due to growth in ROV and Subsea Projects operating profits. While first quarter results exceeded guidance, earnings are expected to decline for the rest of the year relative to 2008 due to anticipated decreases in demand, though the ROV business is expected to achieve profit growth. Full year 2009 EPS guidance was raised to a range of $3.10 to $3.60.
- KBR announced third quarter 2007 results with net income of $63 million compared to $7 million in third quarter 2006. Income from continuing operations was $60 million compared to a $8 million loss in 2006.
- Revenue was $2.2 billion, flat compared to third quarter 2006. Operating income was $102 million compared to $66 million in 2006, helped by gains on asset sales and Iraq work.
- The company was awarded several new contracts totaling over $13 billion and backlog grew 25% over the quarter. Management was pleased with results and business reorganization.
- KBR announced third quarter 2007 results with net income of $63 million compared to $7 million in third quarter 2006. Income from continuing operations was $60 million compared to a $8 million loss in 2006.
- Revenue was $2.2 billion, flat compared to third quarter 2006. Operating income was $102 million compared to $66 million in 2006, helped by gains on asset sales and Iraq work.
- The company was awarded several new contracts totaling over $13 billion and backlog grew 25% over the quarter. Management was pleased with results and business reorganization.
Spectra Energy reported third quarter 2007 results with ongoing net income of $240 million, up 32% from the prior year. Key highlights included strong performance from US Transmission and Distribution businesses, as well as progress on their $3 billion 2007-2009 capital investment program with $625-650 million expected to be completed by the end of 2007. Management remains confident in meeting 2007 financial goals and delivering steady growth and attractive dividends.
DTE Energy reported second quarter 2007 earnings of $385 million, up from a loss of $33 million in the second quarter of 2006. Operating earnings were $101 million for the quarter, an increase from an operating loss of $1 million in the prior year. The sale of the company's Antrim Shale gas exploration business and increased non-utility earnings contributed to the earnings growth. DTE Energy also reported year-to-date cash flow from operations of approximately $998 million, a 12% increase from the previous year. The company reiterated its 2007 operating earnings guidance excluding synthetic fuel of $450-485 million and including synthetic fuel of $150-215 million.
DTE Energy reported second quarter 2007 earnings of $385 million, up from a loss of $33 million in the second quarter of 2006. Operating earnings were $101 million for the quarter, an increase from an operating loss of $1 million in the prior year. The sale of the company's Antrim Shale gas business and increased non-utility earnings contributed to the earnings growth. DTE Energy also reported year-to-date cash flow from operations of approximately $998 million, a 12% increase from the previous year. The company reiterated its 2007 operating earnings guidance excluding synthetic fuel of $450-485 million and including synthetic fuel of $150-215 million.
air products & chemicals Q1 FY 09 earningsfinance26
- Air Products reported net income of $69 million for the fiscal first quarter ended December 31, 2008, down from $263.7 million in the prior year. Excluding one-time charges, income was $206 million, down 21% from the prior year.
- Revenues declined 9% to $2.195 billion due to weaker volumes across segments from deteriorating economic conditions. Operating income fell 24% to $288 million.
- The company expects second quarter EPS to be between $0.80-$0.90 and full year EPS to be between $4.00-$4.30, excluding one-time charges.
DTE Energy announced its 2007 financial results. Reported earnings were $971 million or $5.70 per share, up from $433 million or $2.43 per share in 2006. This was largely driven by asset sales. Operating earnings, which exclude asset sales, were $2.82 per share, down slightly from $2.89 per share in 2006. For 2008, DTE Energy expects operating earnings between $2.70 to $3.10 per share and continues its focus on investments in its utility businesses.
DTE Energy announced its 2007 financial results. Reported earnings were $971 million or $5.70 per share, up from $433 million or $2.43 per share in 2006. This was largely driven by asset sales. Operating earnings excluding special items were $2.82 per share, down slightly from $2.89 per share in 2006. DTE Energy expects over 80% of its earnings to come from its utility businesses going forward and provided 2008 operating earnings guidance of $2.70 to $3.10 per share.
- The document summarizes Vectren Corporation's 2009 1st quarter earnings conference call.
- Vectren reported 1st quarter 2009 earnings of $72.8 million, or $0.90 per share, compared to $64.0 million, or $0.84 per share in 2008.
- Earnings were driven by strong utility performance despite lower customer usage from economic conditions, and increased nonutility earnings from energy marketing, coal mining, and infrastructure services.
SanDisk announced financial results for the first quarter of 2009, with total revenue declining 22% year-over-year to $659 million and a GAAP net loss of $208 million. However, key metrics like total megabytes sold and average retail card capacity increased compared to the previous year. The company also completed a restructuring of manufacturing joint ventures with Toshiba, improving its financial position with $277 million in cash proceeds and reduced equipment lease obligations. While results improved from the previous quarter, the company remained cautiously optimistic about continued recovery in the second quarter.
Southern Company reported second quarter 2004 earnings of $352 million, or $0.48 per share, matching analyst expectations. This was comparable to adjusted earnings of $349 million, or $0.49 per share, in the second quarter of 2003. Warmer weather and customer growth contributed positively to earnings, though this was partly offset by increased expenses related to maintenance projects. For the first six months of 2004, earnings were $683 million, or $0.93 per share, up from adjusted earnings of $647 million, or $0.90 per share, in the same period of 2003. The company reaffirmed its 2004 EPS guidance range of $1.94-$1.99.
Similar to Q1 2009 Earning report of Scana Corp. (20)
Daimler reported its Q3 2009 results, with the automotive market continuing to experience a slump. Key points include:
- Group sales were €19.3 billion in Q3, with an EBIT of €0.5 billion excluding special items.
- Mercedes-Benz Cars achieved a positive EBIT of €355 million in Q3 due to the availability of new models and cost measures.
- Daimler Trucks reported an EBIT loss of €127 million in Q3 due to weak demand and charges from repositioning.
- Daimler aims to further improve earnings in Q4 through new models and ongoing efficiency programs.
A. Schulman reported fiscal fourth-quarter and full-year 2009 results, with strong margins and excellent liquidity. For the quarter, gross margins reached 16.3% compared to 12.1% last year. North America approached break-even despite lower volumes. Cash on hand exceeded $228 million with over $300 million available in credit lines. For the full year, net sales were $1.28 billion, down 35.5% from last year. Gross margins increased to 13.3% from 11.8% last year, and income from continuing operations was $11.2 million.
BB&T Corporation presented its fourth quarter 2009 investor presentation. The presentation highlighted BB&T's strategic acquisition of Colonial Bank, which enhanced its franchise in key Southeastern markets. The Colonial transaction was deemed financially attractive and expected to be accretive to earnings, exceeding BB&T's merger criteria. BB&T has a proven track record of successfully integrating acquisitions and anticipated achieving annual cost savings of $170 million from the Colonial deal.
Brown & Brown Inc. reported a 1% increase in net income for the third quarter of 2009 compared to the same period in 2008. Total revenue decreased 1% for the quarter. Net income for the first nine months of 2009 was up slightly compared to the same period last year, while total revenue increased slightly. The company stated that results reflected a challenging operating environment with declines in insurable exposure units and soft market rates.
Boston Scientific reported financial results for the third quarter of 2009. Net sales increased 3% to $2.025 billion and adjusted EPS was $0.19. Reported GAAP EPS was $0.13. The company maintained its leadership in the worldwide DES market with a 41% share. Worldwide CRM product sales increased 8% and Endosurgery sales increased 8%. Guidance for Q4 2009 estimates net sales of $2.025-$2.125 billion and adjusted EPS of $0.17-$0.21. Full year 2009 guidance estimates net sales of $8.134-$8.234 billion and adjusted EPS of $0.75-$0.79.
Boston Scientific reported financial results for the third quarter of 2009. Net sales increased 3% to $2.025 billion and adjusted EPS was $0.19. Reported GAAP EPS was $0.13. The company maintained its leadership in the worldwide DES market with a 41% share. Worldwide CRM product sales increased 8% and Endosurgery sales increased 8%. Guidance for Q4 2009 estimates net sales of $2.025-$2.125 billion and adjusted EPS of $0.17-$0.21. Full year 2009 guidance estimates net sales of $8.134-$8.234 billion and adjusted EPS of $0.75-$0.79.
This document is Atheros Communications' quarterly report filed with the SEC for the quarter ended September 30, 2009. It includes Atheros' condensed consolidated financial statements, with assets of $676 million and liabilities of $103 million. It also provides management's discussion of the company's financial condition and operating results, and discusses risks including the economic downturn and competition in the wireless LAN market. The report includes certifications of the CEO and CFO regarding financial controls.
- The document is Apple Inc.'s Form 10-Q quarterly report filed with the SEC for the quarter ended June 27, 2009.
- It provides Apple's condensed consolidated financial statements and notes to the financial statements for the quarter.
- The financial statements show that Apple's net sales increased 12% to $8.3 billion for the quarter compared to $7.5 billion in the same quarter the previous year, while net income increased 15% to $1.2 billion from $1.1 billion.
Hancock Holding Company announced its financial results for the third quarter of 2009. Net income increased 10.7% from the previous quarter to $15.2 million. Key factors were lower loan loss provisions and an expanded net interest margin. Non-performing assets rose slightly while net charge-offs decreased. Total assets declined 3.4% but the company remained well capitalized, with tangible equity ratio rising to 8.71%.
This document provides an agenda and highlights for Walgreen Co.'s 4th quarter and fiscal year 2009 conference call with investors. It includes introductions, a discussion of 4Q and FY performance and strategies, financial results, and a Q&A session. Key metrics highlighted are 7.6% sales growth and a 1.5% decline in net earnings for 4Q, and 7.3% sales growth and a 7% decline in net earnings for FY2009. The document also outlines Walgreen's strategies around healthcare reform, the flu season, and expanding their business model.
1) Infosys Technologies reported financial results for the quarter ending September 30, 2009, with revenues of $1.154 billion, a 5.1% decline from the previous year. Net income was $317 million, a 0.9% decline.
2) For the quarter ending December 31, 2009, Infosys expects revenues between $1.155-1.165 billion, a 1.4-0.5% decline from the previous year, and earnings per share of $0.50, a 13.8% decline.
3) For the full fiscal year ending March 31, 2010, Infosys expects revenues between $4.60-4.62 billion, a 1
Marriott International reported financial results for the third quarter of 2009. Key highlights include:
- Revenue declined to $2.5 billion compared to $3 billion in Q3 2008 due to weaker demand.
- Net income declined 57% to $53 million compared to the prior year.
- REVPAR declined 23.5% worldwide and 20.6% in North America.
- The company added 79 new properties and expects to open over 33,000 new rooms in 2009.
PepsiCo held its 2009 Q3 earnings call on October 8, 2009. In the call, PepsiCo reaffirmed its guidance for 2009 of mid-to-high single digit constant currency net revenue and core EPS growth. PepsiCo also set a 2010 target of 11-13% core constant currency EPS growth, assuming the closing of acquisitions of PBG and PAS in early 2010. PepsiCo reported 5% constant currency net revenue growth and 8% core constant currency EPS growth in Q3 2009. PepsiCo highlighted investments planned for 2010 in areas such as R&D, emerging markets, brands, IT infrastructure, sustainability, and developing its employees.
- Alcoa held its 3rd quarter 2009 earnings conference call on October 7, 2009
- The call discussed Alcoa's financial results for the 3rd quarter of 2009 as well as the current state and outlook of the aluminum market
- Key highlights included income from continuing operations of $73 million, revenue up 9% sequentially, and initiatives offsetting currency and energy headwinds
The Pepsi Bottling Group reported third quarter 2009 results. Comparable diluted EPS was $1.06 and reported diluted EPS was $1.14. Currency neutral operating income grew 10% compared to the prior year on a comparable basis, while reported operating income declined 4% due to foreign exchange impacts. The company remains on track to achieve full-year 2009 guidance of $2.30-$2.40 diluted EPS at the high end of the range and has raised operating free cash flow guidance to approximately $550 million.
- Jean Coutu Group reported an increase in sales and revenues for the second quarter of 2010 compared to the same period last year. Total sales increased 7.7% to $549 million while revenues from franchising increased 7.3% to $608.7 million.
- Net earnings for the quarter were $14.9 million compared to a net loss of $39.1 million in the previous year. Earnings per share were $0.07 compared to a loss per share of $0.16 last year.
- Rite Aid also reported financial results for the second quarter, with revenues of $6.3 billion and a net loss of $116 million. Rite Aid revised its guidance
Minerva plc presented preliminary results for the year ended 30 June 2009. Key points included successfully restructuring and extending £750 million in loan facilities with no scheduled maturities in the current or next fiscal year. Development projects such as The Walbrook and St. Botolphs were on time and on budget. Tenant interest was improving for office developments in London's financial district despite a difficult real estate market.
This document is Worthington Industries' quarterly report filed with the SEC for the quarter ended August 31, 2009. It includes financial statements and notes for the quarter, as well as a discussion of financial results by management. Some key details include:
- Net sales for the quarter were $417.5 million, down from $913.2 million in the prior year quarter. The company reported a net loss of $4.5 million compared to net income of $79.7 million in the previous year.
- Inventories totaled $232.9 million as of August 31, 2009, down from $270.6 million as of May 31, 2009 as the company worked to reduce inventory levels.
The document provides the agenda and highlights from Walgreen Co.'s 4th quarter and fiscal year 2009 conference call with analysts held on September 29, 2009. It discusses 4th quarter and fiscal year financial results including net sales growth of 7.6% and 7.3% respectively, adjusted earnings per share of $0.44 and $2.02, and prescription sales growth. The document also summarizes Walgreen's strategies around healthcare reform, the H1N1 flu pandemic, expanding health services and 90-day prescriptions to lower costs.
This document is TRC Companies Inc's annual report on Form 10-K for the fiscal year ending June 30, 2009. It provides an overview of the company's business operations, financial highlights, services offered, clients, competition, backlog, employees, contracts with government agencies, regulatory matters, properties, legal proceedings, and financial data. Key information includes descriptions of TRC's engineering, environmental and construction management services, major clients in transportation, energy and development sectors, and discussions of financial results, market risks, and legal cases.
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Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
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Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
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After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
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My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
1. For Immediate Release
Media Contact: Investor Contacts:
Eric Boomhower Bryan Hatchell Betty Best
(803) 217-7701 (803) 217-7458 (803) 217-7587
eboomhower@scana.com bhatchell@scana.com bbest@scana.com
SCANA Reports Financial Results for First Quarter 2009
Columbia, SC, April 23, 2009...SCANA Corporation (NYSE: SCG) today reported consolidated
earnings for the first quarter of 2009 of $114 million, or $.94 per share, compared to $109 million, or
$.94 per share, for the first quarter of 2008.
“We are very pleased with our first quarter financial results,” said Jimmy Addison, senior vice president
and chief financial officer. “Favorable weather and lower operating and maintenance expenses
effectively offset several negative factors, including lower natural gas margins, lower industrial and off-
system electric margins and dilution.”
FINANCIAL RESULTS BY MAJOR LINES OF BUSINESS
South Carolina Electric & Gas Company
South Carolina Electric & Gas Company (SCE&G), SCANA’s principal subsidiary, reported earnings
in the first quarter of 2009 of $62 million, or $.51 per share, compared to $60 million, or $.51 per
share, in the same quarter last year. These breakeven results are due primarily to lower operating
and maintenance expenses and favorable weather in our electric service territory, which offset the
negative impact of lower natural gas margins, lower industrial and off-system electric margins and
dilution. At March 31, 2009, SCE&G was serving approximately 652,000 electric customers and
approximately 309,000 natural gas customers, up 1.4 percent and 1.3 percent, respectively, from the
same time last year.
PSNC Energy
PSNC Energy, SCANA’s retail natural gas subsidiary headquartered in Gastonia, North Carolina,
reported earnings of $30 million, or $.25 per share, in the first quarter of 2009, compared to $28
million, or $.24 per share, in the first quarter of 2008. The slight improvement was driven by the
implementation of new rates effective in November 2008. At March 31, 2009, PSNC Energy was
serving approximately 469,000 natural gas customers, an increase of 1.8 percent over the last twelve
months.
2. SCANA Energy
SCANA Energy, the Company’s retail natural gas marketing business in Georgia, reported earnings
of $22 million, or $.18 per share, in the first quarter of 2009, compared to $22 million, or $.19 per
share, in the first quarter of 2008. This decline in earnings per share is due primarily to dilution. At
March 31, 2009, SCANA Energy was serving approximately 465,000 customers in Georgia,
maintaining its position as the second largest natural gas marketer in the state.
Carolina Gas Transmission
Carolina Gas Transmission Corporation reported earnings in the first quarter of 2009 of $2 million, or
$.02 per share, unchanged compared to the first quarter of 2008.
Corporate and Other Non-Regulated
SCANA’s corporate and other businesses, which include SCANA Communications, ServiceCare,
SCANA Energy Marketing and the holding company, reported a loss of $3 million, or $.02 per share
in the first quarter of 2009, unchanged compared to the first quarter of 2008.
2009 EARNINGS OUTLOOK
The Company affirms its previous guidance that 2009 earnings will be in the range of $2.65 to $2.95
per share. This estimate assumes normal weather for the remainder of the year in the Company’s
electric and natural gas service areas and excludes any potential impacts from changes in accounting
principles and certain gains or losses from investing activities, litigation, and sales of assets. Other
factors and risks that could impact future earnings are discussed in the Company’s filings with the
Securities and Exchange Commission and below under the Safe Harbor Statement. The Company
expects an average annual earnings growth rate of 4 to 6 percent over the next 3 to 5 years.
CONFERENCE CALL NOTICE
SCANA will host its quarterly conference call for security analysts at 2:00 p.m. Eastern Daylight Time
on Thursday, April 23, 2009. The call-in numbers for the conference call are 1-866-543-6403
(US/Canada) and 1-617-213-8896 (International). The passcode is 45796252. Participants should
call in 5 to 10 minutes prior to the scheduled start time. A replay of the conference call will be
available approximately 2 hours after conclusion of the call through May 7, 2009. The telephone
replay numbers are 1-888-286-8010 (US/Canada) and 1-617-801-6888 (International). The passcode
for the telephone replay is 33570867.
All interested persons, including investors, media and the general public, may listen to a live web cast
of the conference call at the Company’s web site at www.scana.com. Participants should go to the
web site at least 5 to 10 minutes prior to the call start time and follow the instructions. A replay of the
conference call and a transcript will also be available on the Company’s web site approximately 2
hours after conclusion of the call through May 7, 2009.
PROFILE
SCANA Corporation, a Fortune 500 company headquartered in Columbia, SC, is an energy-based
holding company principally engaged, through subsidiaries, in electric and natural gas utility
operations and other energy-related businesses. The Company serves approximately 652,000
electric customers in South Carolina and more than 1.2 million natural gas customers in South
Carolina, North Carolina and Georgia. Information about SCANA and its businesses is available on
the Company’s web site at www.scana.com.
3. SAFE HARBOR STATEMENT
Statements included in this press release which are not statements of historical fact are intended to
be, and are hereby identified as, “forward-looking statements” for purposes of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements include, but are not limited to, statements concerning key
earnings drivers, customer growth, environmental regulations and expenditures, leverage ratio,
projections for pension fund contributions, financing activities, access to sources of capital, impacts of
the adoption of new accounting rules, estimated construction and other expenditures. In some cases,
forward-looking statements can be identified by terminology such as “may,” “will,” “could,” “should,”
“expects,” “plans,” “anticipates,” “believes,” “estimates,” “projects,” “predicts,” “potential” or “continue”
or the negative of these terms or other similar terminology. Readers are cautioned that any such
forward-looking statements are not guarantees of future performance and involve a number of risks
and uncertainties, and that actual results could differ materially from those indicated by such forward-
looking statements. Important factors that could cause actual results to differ materially from those
indicated by such forward-looking statements include, but are not limited to, the following: (1) the
information is of a preliminary nature and may be subject to further and/or continuing review and
adjustment; (2) regulatory actions, particularly changes in rate regulation and environmental
regulations; (3) current and future litigation; (4) changes in the economy, especially in areas served
by subsidiaries of SCANA Corporation (SCANA); (5) the impact of competition from other energy
suppliers, including competition from alternate fuels in industrial interruptible markets; (6) growth
opportunities for SCANA’s regulated and diversified subsidiaries; (7) the results of short- and long-
term financing efforts, including future prospects for obtaining access to capital markets and other
sources of liquidity; (8) changes in SCANA’s or its subsidiaries’ accounting rules and accounting
policies; (9) the effects of weather, including drought, especially in areas where the Company’s
generation and transmission facilities are located and in areas served by SCANA's subsidiaries; (10)
payment by counterparties as and when due; (11) the results of efforts to license, site, construct and
finance facilities for baseload electric generation; (12) the availability of fuels such as coal, natural
gas and enriched uranium used to produce electricity; the availability of purchased power and natural
gas for distribution; the level and volatility of future market prices for such fuels and purchased power;
and the ability to recover the costs for such fuels and purchased power; (13) performance of
SCANA’s pension plan assets; (14) inflation; (15) compliance with regulations; and (16) the other
risks and uncertainties described from time to time in the periodic reports filed by SCANA or South
Carolina Electric & Gas Company (SCE&G) with the United States Securities and Exchange
Commission (SEC). The Company disclaims any obligation to update any forward-looking
statements.
###
4. FINANCIAL AND OPERATING INFORMATION
Condensed Consolidated Statements of Income
(Millions, except per share amounts) (Unaudited)
Quarter Ended March 31,
2009 2008
Operating Revenues:
Electric $497 $488
Gas-Regulated 422 482
Gas-Nonregulated 424 563
Total Operating Revenues 1,343 1,533
Operating Expenses:
Fuel Used in Electric Generation 185 177
Purchased Power 5 5
Gas Purchased for Resale - Regulated 275 337
Gas Purchased for Resale - Nonregulated 369 501
Other Operation and Maintenance 158 177
Depreciation and Amortization 83 80
Other Taxes 45 43
Total Operating Expenses 1,120 1,320
Operating Income 223 213
Other Income, Net 11 12
Interest Charges, Net (58) (53)
Income Tax Expense (61) (62)
Earnings from Equity Method Investments 1 1
Preferred Stock Cash Dividends of SCE&G (2) (2)
Net Income $114 $109
Common Stock Data:
Wgt. Avg. Common Shares Outstanding 120.9 116.7
Basic & Diluted Reported Earnings Per Share $.94 $.94
Condensed Consolidated Balance Sheets
(Millions) (Unaudited)
March 31, December 31,
2009 2008
ASSETS:
Utility Plant, Net $8,433 $8,305
Nonutility Property and Investments, Net 331 316
Total Current Assets 1,693 1,836
Total Regulatory Assets and Deferred Debits 1,140 1,045
Total $11,597 $11,502
CAPITALIZATION AND LIABILITIES:
Capitalization:
Common Equity $3,235 $3,045
Preferred Stock 113 113
Long-Term Debt, Net 4,524 4,361
Total Capitalization 7,872 7,519
Current Liabilities:
Short-Term Borrowings 106 80
Current Portion of Long-Term Debt 50 144
Other 713 931
Total Current Liabilities 869 1,155
Total Regulatory Liabilities and Deferred Credits 2,856 2,828
Total $11,597 $11,502
5. Variances in Earnings per Share:
(Unaudited)
Quarter Ended March 31,
2008 Basic & Diluted Reported Earnings per Share $.94
Variances:
Electric Margin .00
Natural Gas Margin (.03)
Operation & Maintenance Expense .10
Depreciation (.01)
Property Taxes (.01)
Dilution (.04)
Other (.01)
Variance in Reported Earnings per Share .00
2009 Basic & Diluted Reported Earnings per Share $.94
Earnings per Share by Company:
(Unaudited)
Quarter Ended March 31,
2009 2008
South Carolina Electric & Gas $.51 $.51
PSNC Energy .25 .24
SCANA Energy-Georgia .18 .19
Carolina Gas Transmission .02 .02
Corporate and Other Nonregulated, Net (.02) (.02)
Basic and Diluted Reported Earnings per Share $.94 $.94
Consolidated Operating Statistics:
Quarter Ended March 31,
2009 2008 % Change
Electric Operations:
Sales (Million KWH):
Residential 1,939 1,816 6.8
Commercial 1,686 1,709 (1.3)
Industrial 1,266 1,553 (18.5)
Other 131 128 2.3
Total Retail Sales 5,022 5,206 (3.5)
Wholesale 460 634 (27.4)
Total Sales 5,482 5,840 (6.1)
Customers (Period-End, Thousands) 652 643 1.4
Natural Gas Operations:
Sales (Thousand Dekatherms):
Residential 33,256 32,255 3.1
Commercial 15,007 14,589 2.9
Industrial 38,002 40,825 (6.9)
Total Retail Sales 86,265 87,669 (1.6)
Sales for Resale 3,565 3,086 15.5
Transportation Volumes 38,722 41,309 (6.3)
Total Sales 128,552 132,064 (2.7)
6. Customers (Period-End, Thousands) 1,244 1,257 (1.0)
Security Credit Ratings (as of 04/23/09):
Moody’s Standard & Poor’s (1) Fitch (2)
SCANA Corporation:
Senior Unsecured Baa1 BBB A-
Outlook Stable Stable Negative
South Carolina
Electric & Gas Company:
Senior Secured A2 A- A+
Senior Unsecured A3 BBB+ A
Commercial Paper P-2 A-2 F-2
Outlook Stable Stable Negative
PSNC Energy:
Senior Unsecured A3 BBB+ A
Commercial Paper P-2 A-2 F-2
Outlook Stable Stable Negative
South Carolina Fuel Company:
Commercial Paper P-2 A-2 F-2
Note (1): On April 22, 2009, S&P downgraded SCANA and its rated subsidiaries one notch with the exception of SCE&G
Senior Secured Debt (First Mortgage Bonds), short-term debt at SCANA, and short-term debt at its rated
subsidiaries, which all remain the same. S&P also revised its long-term ratings Outlook from Negative to Stable.
Note (2): On August 4, 2008, Fitch affirmed its long-term ratings on SCANA, SCE&G, PSNC Energy and SCFC and revised
all short-term ratings on SCANA and its rated subsidiaries to F-2. Fitch also revised its long-term ratings Outlook
from Stable to Negative.