secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL FUEL GAS CO (NFG)
CIK:        0000070145
Form:       8-K
Filed at:   2023-02-03T23:59:59+00:00
Accession:  0000070145-23-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70145/000007014523000007/0000070145-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70145/000007014523000007/nfg-20230202.htm
  HTML page:      https://secwatch.observer/filing/0000070145-23-000007

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