earnings
confidence high
sentiment neutral
materiality 0.75
National Fuel Q3 adjusted EPS $1.01 vs $1.54 YoY; FY24 guide midpoint $5.75
NATIONAL FUEL GAS CO
2023-Q3 EPS reported
$4.37
revenue$1,804,824,000
- GAAP net income $92.6M ($1.00/diluted share) vs $108.2M ($1.17) in prior-year quarter.
- Adjusted operating results $93.4M ($1.01/sh) vs $141.9M ($1.54/sh).
- E&P production 94.7 Bcfe (+7% YoY); acquired ~36,000 net acres for $138.9M.
- PA PUC approved $23M annual base rate increase for Utility segment effective Aug 1, 2023.
- FY2024 guidance initiated $5.50-$6.00/sh (midpoint $5.75, +11% vs FY23 midpoint).