New shipPiedmont Natural Gas Co
Saw revenue fall 16.9% in FY2016 to $1.1 billion, operating margin 19.6% against a 33.8% median for natural gas distribution, equity 28.9% of assets, and dividend per share up 7 years running.
Last filing8-K · Item 1.01 Entry into a Material Definitive Agreement, 10 Nov 2026
Edgarette’s full reading · exposure, experience, soundness, credibility, range
🫧 Edgar looked up PIEDMONT NATURAL GAS CO INC. Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-11-10. 3 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $1.1B (FY2016), total debt $1.8B. Experience: revenue down 16.9% on the year, down 11.9% a year over 2 years; operating margin 19.6%, up from 19.0%. Soundness: equity 28.9% of assets, return on equity 11.7%, payout 58.9% of profit, dividend per share up 7 years running. Credibility: 3 audited years, moderate weight. Range: 80% of past cases like this landed between $781.9M and $1.2B next year (method v3, set from 4,599 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (12 filers, $50M+ revenue, natural gas distribution): operating margin 19.6% against a 33.8% median; growth -16.9% against 17.1%.
Read from its own SEC filings · nothing written, nothing inferred
Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.
Cash
| Cash flow (op · inv · fin · free) | — · −$374M · $68M · — |
| Investment book (cash · short · long) | $17M · — · — · current ratio 0.59 |
The figures, as filed
| Fiscal year end | 2016-10-31 |
| Revenue | $1.1B |
| Revenue, on the year | −16.9% |
| Revenue, a year over the record | −11.9% |
| Operating margin | 19.6% |
| Operating margin, prior year | 19.0% |
| Net margin | 16.8% |
| Research and development | not filed separately |
| Total debt | $1.8B |
| Equity of assets | 28.9% |
| Return on equity | 11.7% |
| Payout of profit | 58.9% |
| Dividend per share | $1.31 · up 7 years running |
| Earnings per share | — |
| Book value per share | — |
| Revenue per share | — |
| Shares outstanding | — |
| Audited years read | 3 |
Peers: the median of 12 filers with $50M+ revenue in natural gas distribution.
Classic signals · fiscal 2016Altman Z″ not covered: a regulated utility runs negative working capital by design, which the model reads as distressPiotroski F 3 of 9 3 of 5 tested 2000Beneish M not enough filed detail (needs receivables, cost of revenue, PP&E, depreciation, SG&A for two years)Sloan accruals needs net income, operating cash and two years of assetsDuPont ROE 12.6% = margin 16.8% × turns 0.21 × leverage 3.51
What a terminal subscription used to buy, a filing and arithmetic now give anyone. Published method, from the same filings. Display only: nothing here moves the range or its receipt. Why? →
Health HarborPiedmont Natural Gas Co sails as: New ship
Health watch · 12 monthsquiet · none of the watched events filed
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an operating loss; negative free cash flow outside regulated utilities; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 8-K · 2026-11-10 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits
- 10-Q · 2026-11-05
- 10-Q · 2026-08-04
- 10-Q · 2026-05-05
- 8-K · 2026-04-01 · 2.01 Completion of Acquisition or Disposition of Assets; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-03-16 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits
Measured, not prophesiedSuccess tools: score it, compare it, see its fieldFour questions. Scored against the SEC filings of the companies in your field.
Each benchmark is the median of SEC filers in your industry code, from their own audited filings, read on the filing boards. Reporting, not investment advice.
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · Open in Excel (CSV) · Ten-year table (CSV) ·