National Fuel Q1 GAAP EPS $1.44 vs $1.84 YoY; FY guidance cut to $4.90-$5.20

NATIONAL FUEL GAS CO

2024-Q1 EPS reported $1.44 revenue$525,361,000

GAAP net income $133.0M ($1.44/sh) vs $169.7M ($1.84/sh) prior year; adjusted $135.2M ($1.46/sh).
E&P segment produced 100.8 Bcf (+11% YoY); Gathering segment earnings +17% on higher throughput.
Utility earnings +11% from Pennsylvania rate case settlement; customer margin up $4.7M.
FY2024 EPS guidance revised to $4.90-$5.20 (down $0.60 from prior midpoint), assuming NYMEX gas at $2.40/MMBtu.
Capex guidance increased to $885M-$1,000M due to NY REQAA prevailing wage costs, expected recoverable.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NATIONAL FUEL GAS CO reported first quarter of its 2024 fiscal year results: net income $133.0 million, EPS $1.44 per share. Guidance lowered.

Period: first quarter of its 2024 fiscal year
Net income: $133.0 million
EPS: $1.44 per share
Guidance: lowered
Result: reported results

Exact text from the filing

National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE:NFG) today announced consolidated results for the first quarter of its 2024 fiscal year. FISCAL 2024 FIRST QUARTER SUMMARY • GAAP net income of $133.0 million, or $1.44 per share, compared to GAAP net income of $169.7 million, or $1.84 per share, in the prior year.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

NATIONAL FUEL GAS CO filing history →

Source: SEC EDGAR

accession 0000070145-24-000004

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.