SCANA Corp. (SCG) Tops Q3 EPS by 22c

SCANA Corp. (NYSE: SCG) reported Q3 EPS of $1.32, $0.22 better than the analyst estimate of $1.10. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.16 billion.

SCANA Corp.reaffirms its targeted average annual growth rate for GAAP-Adjusted Weather-Normalized earnings per share to be 4 to 6 percent over the next 3 to 5 years. The Company previously reset its base year for this outlook to 2015 GAAP-Adjusted Weather-Normalized earnings per share of $3.73 (reflecting downward adjustments of 12 cents per share pre-tax and a tax effect of 4 cents per share for a net of tax 8 cents per share to normalize weather in the electric business and $2.39 per share pre-tax and a tax effect of $.98 for a net of tax $1.41 per share to remove the gains on the sales of CGT and SCI). The Company also reaffirms its guidance for 2016 GAAP-Adjusted Weather-Normalized earnings per share of $3.90 to $4.10, with an internal target of $4.00 per share.

For earnings history and earnings-related data on SCANA Corp. (SCG) click here.

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