secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL FUEL GAS CO (NFG)
CIK:        0000070145
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000070145-23-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70145/000007014523000014/0000070145-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70145/000007014523000014/nfg-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000070145-23-000014

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