SCANA Corp. (SCG) Reports Q1 EPS of $1.19, Reaffirms 2017 Guidance

SCANA Corp. (NYSE: SCG) reported Q1 EPS of $1.19, versus $1.23 reported last year. Revenue for the quarter came in at $1.17 billion, versus $1.17 billion reported last year.

GUIDANCE:

SCANA Corp. sees FY2017 EPS of $4.15-$4.35.

"For 2017, the Company reaffirms its guidance for 2017 GAAP-Adjusted Weather-Normalized earnings per share of $4.15 to $4.35, with an internal target of $4.25 per share."

"In addition to the GAAP basis long-term growth rate guidance above, the Company estimates 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 based on 2016 GAAP-Adjusted Weather-Normalized earnings per share of $3.97. 2016 GAAP-Adjusted Weather-Normalized earnings per share reflect downward adjustments of 28 cents per share pre-tax and a tax effect of 9 cents per share for a net of tax 19 cents per share to normalize weather in the electric business. "

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

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