<ARTICLE> UT <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS OF PIEDMONT NATURAL GAS FOR THE NINE MONTHS ENDED JULY 31, 1996, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> OCT-31-1996 <PERIOD-START> NOV-01-1995 <PERIOD-END> JUL-31-1996 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 845,406 <OTHER-PROPERTY-AND-INVEST> 26,970 <TOTAL-CURRENT-ASSETS> 115,994 <TOTAL-DEFERRED-CHARGES> 16,195 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 1,004,565 <COMMON> 242,855 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 157,385 <TOTAL-COMMON-STOCKHOLDERS-EQ> 400,240 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 357,000 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 10,000 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 237,325 <TOT-CAPITALIZATION-AND-LIAB> 1,004,565 <GROSS-OPERATING-REVENUE> 594,376 <INCOME-TAX-EXPENSE> 34,206 <OTHER-OPERATING-EXPENSES> 483,300 <TOTAL-OPERATING-EXPENSES> 517,506 <OPERATING-INCOME-LOSS> 76,870 <OTHER-INCOME-NET> 4,877 <INCOME-BEFORE-INTEREST-EXPEN> 81,747 <TOTAL-INTEREST-EXPENSE> 23,524 <NET-INCOME> 58,223 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 58,223 <COMMON-STOCK-DIVIDENDS> 24,853 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 70,959 <EPS-PRIMARY> 2.00 <EPS-DILUTED> 0