earnings
confidence high
sentiment neutral
materiality 0.85
National Fuel Q4 EPS $0.80 vs $1.71 prior year; FY 2024 guidance $5.40-$5.90
NATIONAL FUEL GAS CO
2023-FY EPS reported
$5.17
revenue$2,173,771,000
- Q4 GAAP net income $73.7M ($0.80 diluted) from $158.1M ($1.71) prior year; adjusted EPS $0.78 vs $1.19.
- Full-year FY 2023 GAAP EPS $5.17, adjusted $5.17 vs $5.88 prior year; operating cash flow $1.24B, free cash flow $275M.
- FY 2024 guidance raised to $5.40-$5.90 diluted; assumes NYMEX $3.25/MMBtu; 69% of Appalachian production hedged.
- Dividend increased 4.2% to $1.98/share annual rate, marking 53rd consecutive annual increase.
- Seneca added 670 Bcfe reserves; total proved reserves up 9% to 4,536 Bcfe; 198% reserve replacement.