---
schema_version: "secwatch.filing_event.v1"
accession: "0000070145-23-000014"
form_type: "8-K"
ticker: "NFG"
cik: "0000070145"
company_name: "NATIONAL FUEL GAS CO"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:27:09.819898+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# National Fuel Q2 EPS $1.53 vs $1.82 YoY; cuts FY guide to $5.10-$5.40; buys PA assets for $127M

## Summary
- GAAP EPS $1.53, adjusted $1.54 per share; net income $140.9M vs $167.3M prior year.
- Fiscal 2023 guidance revised to $5.10-$5.40 EPS (midpoint -$0.30) on lower NYMEX gas price assumption of $2.50/MMBtu.
- Acquiring ~30,000 net acres in Tioga/Potter counties, PA from Southwestern Energy for $127M; expected close June 1, 2023.
- E&P production 93.3 Bcfe, +7% YoY; Appalachian production up 12% to 93.2 Bcfe.
- Year-to-date cash from operations $711M, up 67% from $426M; capex guidance reaffirmed at $525-$575M.

## SEC filing metadata
- accession: 0000070145-23-000014
- form_type: 8-K
- ticker: NFG
- cik: 0000070145
- company_name: NATIONAL FUEL GAS CO
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/70145/000007014523000014/0000070145-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70145/000007014523000014/nfg-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070145-23-000014
- JSON: https://secwatch.observer/filing/0000070145-23-000014.json
- Plain text: https://secwatch.observer/filing/0000070145-23-000014.txt

## Key facts
- Earnings Releases
  NATIONAL FUEL GAS CO reported second quarter of its 2023 fiscal year and for the six months ended March 31, 2023 results: net income $140.9 million, or $1.53 per share. Guidance lowered.
  - Period: second quarter of its 2023 fiscal year and for the six months ended March 31, 2023
  - Net income: $140.9 million, or $1.53 per share
  - Guidance: lowered
  - Result: reported results
  source text: National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE:NFG) today announced consolidated results for the second quarter of its 2023 fiscal year and for the six months ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/70145/000007014523000014/0000070145-23-000014-index.htm

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