---
schema_version: "secwatch.filing_event.v1"
accession: "0000070145-23-000007"
form_type: "8-K"
ticker: "NFG"
cik: "0000070145"
company_name: "NATIONAL FUEL GAS CO"
filed_at: "2023-02-03T23:59:59+00:00"
generated_at: "2026-06-20T01:26:35.704515+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# National Fuel reports Q1 EPS $1.84, up 28%; cuts FY23 guidance to $5.35-$5.75 on lower gas prices

## Summary
- GAAP net income $169.7M ($1.84/diluted share) vs $132.4M ($1.44) year ago, up 28% per share.
- Adjusted operating results $1.84/share, up 24% from $1.48; adjusted EBITDA $351M, +18%.
- E&P segment: Appalachian production 90.6 Bcfe (+11% YoY); avg realized gas price $3.02/Mcf (+$0.50).
- Fiscal 2023 EPS guidance revised to $5.35-$5.75, down $1.10 from prior midpoint due to lower NYMEX price assumption ($3.25/MMBtu vs prior $5.17).
- Pipeline & Storage segment EBITDA $64.5M (+13%); Gathering EBITDA $46.7M (+6%); Utility EBITDA $51.6M (-1%).

## SEC filing metadata
- accession: 0000070145-23-000007
- form_type: 8-K
- ticker: NFG
- cik: 0000070145
- company_name: NATIONAL FUEL GAS CO
- filed_at: 2023-02-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70145/000007014523000007/0000070145-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70145/000007014523000007/nfg-20230202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070145-23-000007
- JSON: https://secwatch.observer/filing/0000070145-23-000007.json
- Plain text: https://secwatch.observer/filing/0000070145-23-000007.txt

## Key facts
- Earnings Releases
  NATIONAL FUEL GAS CO reported the quarter ended December 31, 2022 results: net income $169.7 million, EPS $1.84 per share. Guidance lowered.
  - Period: the quarter ended December 31, 2022
  - Net income: $169.7 million
  - EPS: $1.84 per share
  - Guidance: lowered
  - Result: reported results
  source text: GAAP net income of $169.7 million, or $1.84 per share, compared to GAAP net income of $132.4 million, or $1.44 per share, in the prior year, an increase of 28% per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/70145/000007014523000007/0000070145-23-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.