SCANA Q3 Profit Rises - Quick Facts

(RTTNews) - South Carolina-based SCANA Corp. (SCG) Thursday announced higher earnings of $144 million, or $1.01 per share for the third quarter 2014, compared with $131 million, or $0.94 per share, last year. On average, six analysts polled by Thomson-Reuters estimated the company's earnings to be $0.98 for the quarter. Analysts' estimates typically exclude one-time items.

Year-over-year, quarterly total operating revenues improved to $1.12 billion from $1.05 billion. Three analysts projected revenues of $1.13 billion.

"Electric margins continue to increase as expected due to customer growth and financing cost recovery through the Base Load Review Act," said Jimmy Addison, Executive Vice President and Chief Financial Officer. He added, "Additionally, abnormal weather contributed $0.07 per share to electric margins in the quarter and $0.23 per share to electric margins year to date."