SCANA Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Reports Impairment Loss for the Third Quarter Ended September 30, 2017; Reaffirms Earnings Guidance for the Full Year of 2017
For the nine months, the company reported total operating revenues of $3,249 million compared to $3,171 million a year ago. Operating income was $685 million compared to $900 million a year ago. Income before income tax expense was $468 million compared to $682 million a year ago. Net income was $326 million or $2.28 per share compared to $471 million or $3.29 per share a year ago.
For the third quarter ended September 30, 2017, the company reported impairment loss of $210 million.
For 2017, the company reaffirmed earnings guidance for the full year of 2017 GAAP-Adjusted Weather-Normalized earnings per share of $4.15 to $4.35, with an internal target of $4.25 per share. This measure excludes the impact of abnormal weather and the impairment loss associated with the abandoned new nuclear project.