secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL FUEL GAS CO (NFG)
CIK:        0000070145
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000070145-24-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70145/000007014524000004/0000070145-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70145/000007014524000004/nfg-20240207.htm
  HTML page:      https://secwatch.observer/filing/0000070145-24-000004

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