secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL FUEL GAS CO (NFG)
CIK:        0000070145
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000070145-23-000034
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

National Fuel Q4 EPS $0.80 vs $1.71 prior year; FY 2024 guidance $5.40-$5.90
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70145/000007014523000034/0000070145-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70145/000007014523000034/nfg-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000070145-23-000034

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