SCANA Corp. (SCG) Misses Q2 EPS by 48c

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Go back to SCANA Corp. (SCG) Misses Q2 EPS by 48c

SCANA Reports Financial Results for Second Quarter 2018

August 2, 2018 7:30 AM EDT

CAYCE, S.C., Aug. 2, 2018 /PRNewswire/ -- SCANA Corporation (NYSE: SCG) today announced earnings for the second quarter of 2018 of $8 million, or 6 cents per share, compared to earnings of $121 million, or 85 cents per share, for the second quarter of 2017.  The decrease in earnings is primarily attributable to rate-reduction credits for billed and unbilled electric revenues for the period of April 1, 2018 through June 30, 2018.  These credits accounted for a decrease in the quarter of $109 million, or 61 cents per share, and are a result of the order issued by the Public Service Commission... More