<ARTICLE> UT
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF PIEDMONT NATURAL GAS FOR THE THREE MONTHS ENDED JANUARY
31, 1995, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          OCT-31-1995
<PERIOD-START>                             NOV-01-1994
<PERIOD-END>                               JAN-31-1995
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                      750,490
<OTHER-PROPERTY-AND-INVEST>                     25,461
<TOTAL-CURRENT-ASSETS>                         173,317
<TOTAL-DEFERRED-CHARGES>                        13,268
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                                 962,536
<COMMON>                                       191,474
<CAPITAL-SURPLUS-PAID-IN>                            0
<RETAINED-EARNINGS>                            137,693
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 329,167
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<LONG-TERM-DEBT-NET>                           313,000
<SHORT-TERM-NOTES>                              64,000
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                    5,000
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                 251,369
<TOT-CAPITALIZATION-AND-LIAB>                  962,536
<GROSS-OPERATING-REVENUE>                      202,476
<INCOME-TAX-EXPENSE>                            17,841
<OTHER-OPERATING-EXPENSES>                     149,265
<TOTAL-OPERATING-EXPENSES>                     167,106
<OPERATING-INCOME-LOSS>                         35,370
<OTHER-INCOME-NET>                               2,605
<INCOME-BEFORE-INTEREST-EXPEN>                  37,975
<TOTAL-INTEREST-EXPENSE>                         7,742
<NET-INCOME>                                    30,233
<PREFERRED-STOCK-DIVIDENDS>                          0
<EARNINGS-AVAILABLE-FOR-COMM>                   30,233
<COMMON-STOCK-DIVIDENDS>                         6,939
<TOTAL-INTEREST-ON-BONDS>                            0
<CASH-FLOW-OPERATIONS>                          28,554
<EPS-PRIMARY>                                     1.13
<EPS-DILUTED>                                        0