earnings
confidence high
sentiment positive
materiality 0.75
National Fuel Q2 GAAP EPS $1.80 (+18% YoY); FY2024 guidance $4.75-$5.05
NATIONAL FUEL GAS CO
2024-Q2 EPS reported
$3.24
revenue$1,155,301,000
- GAAP net income $166.3M ($1.80 EPS) vs $140.9M ($1.53 EPS) prior year.
- Adjusted operating results $165.3M ($1.79 EPS), up 16% per share YoY.
- Pipeline & Storage revenue +$12.9M (+14%) driven by Supply Corp rate case settlement.
- E&P production 103 Bcf (+10% YoY); Gathering throughput +15%, revenue +12%.
- FY2024 EPS guidance revised to $4.75-$5.05; capex lowered to $885-$980M; new $200M buyback.