# PIEDMONT NATURAL GAS CO INC · Edgar & Edgarette company card

> Piedmont 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. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 78460 · fiscal year ended 2016-10-31 · 3 audited years read · [page](https://www.pops4.com/boards/company/78460) · [JSON](https://www.pops4.com/boards/company/78460.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $1.1B |
| Revenue growth, 1 year | -16.9% |
| Revenue growth per year | -11.9% |
| Operating margin | 19.6% (prior year 19.0%) |
| Net margin | 16.8% |
| Operating cash flow | — |
| Capital spending | $522M |
| Free cash flow | — |
| Cash | $17M |
| Long-term debt | $1.8B |
| Total assets | $5.7B |
| Total equity | $1.6B |
| Equity ÷ assets | 28.9% |
| Return on equity | 11.7% |
| Dividend per share | $1.31 |
| Dividend years rising | 7 |

## Readings, computed from those figures

- Piotroski F: 3 of 9 (3 of 5 tested)
- Health Harbor boat: New ship · no warning signs

## Edgarette's reading

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%.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 8-K · filed 2026-11-10 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/78460/000110465926124699/0001104659-26-124699-index.htm)
- 10-Q · filed 2026-11-05 · [filing](https://www.sec.gov/Archives/edgar/data/78460/000132616026000051/0001326160-26-000051-index.htm)
- 10-Q · filed 2026-08-04 · [filing](https://www.sec.gov/Archives/edgar/data/78460/000132616026000040/0001326160-26-000040-index.htm)
- 10-Q · filed 2026-05-05 · [filing](https://www.sec.gov/Archives/edgar/data/78460/000132616026000026/0001326160-26-000026-index.htm)
- 8-K · filed 2026-04-01 · 2.01 Completion of Acquisition or Disposition of Assets; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/78460/000110465926038007/0001104659-26-038007-index.htm)
- 8-K · filed 2026-03-16 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/78460/000110465926028490/0001104659-26-028490-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000078460.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=78460

## Cite

POPS4, Edgar & Edgarette: PIEDMONT NATURAL GAS CO INC company card, from the company's own SEC filings, accessed 2026-11-11, https://www.pops4.com/boards/company/78460. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

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.