<ARTICLE> UT <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS OF PIEDMONT NATURAL GAS FOR THE SIX MONTHS ENDED APRIL 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> OCT-31-1999 <PERIOD-START> NOV-01-1998 <PERIOD-END> APR-30-1999 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 989,527 <OTHER-PROPERTY-AND-INVEST> 25,932 <TOTAL-CURRENT-ASSETS> 150,068 <TOTAL-DEFERRED-CHARGES> 26,313 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 1,191,840 <COMMON> 289,175 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 233,102 <TOTAL-COMMON-STOCKHOLDERS-EQ> 522,277 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 371,000 <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> 288,563 <TOT-CAPITALIZATION-AND-LIAB> 1,191,840 <GROSS-OPERATING-REVENUE> 494,989 <INCOME-TAX-EXPENSE> 47,806 <OTHER-OPERATING-EXPENSES> 357,475 <TOTAL-OPERATING-EXPENSES> 405,281 <OPERATING-INCOME-LOSS> 89,708 <OTHER-INCOME-NET> 1,791 <INCOME-BEFORE-INTEREST-EXPEN> 91,499 <TOTAL-INTEREST-EXPENSE> 16,268 <NET-INCOME> 75,231 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 75,231 <COMMON-STOCK-DIVIDENDS> 20,688 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 102,773 <EPS-BASIC> 2.44 <EPS-DILUTED> 2.42