---
schema_version: "secwatch.filing_event.v1"
accession: "0000070145-24-000004"
form_type: "8-K"
ticker: "NFG"
cik: "0000070145"
company_name: "NATIONAL FUEL GAS CO"
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T06:03:40.284571+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000070145-24-000004
- form_type: 8-K
- ticker: NFG
- cik: 0000070145
- company_name: NATIONAL FUEL GAS CO
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70145/000007014524000004/0000070145-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70145/000007014524000004/nfg-20240207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070145-24-000004
- JSON: https://secwatch.observer/filing/0000070145-24-000004.json
- Plain text: https://secwatch.observer/filing/0000070145-24-000004.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/70145/000007014524000004/0000070145-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.