---
schema_version: "secwatch.filing_event.v1"
accession: "0000070145-25-000004"
form_type: "8-K"
ticker: "NFG"
cik: "0000070145"
company_name: "NATIONAL FUEL GAS CO"
filed_at: "2025-01-30T23:59:59+00:00"
generated_at: "2026-05-27T05:59:53.810352+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NFG Q1 GAAP EPS $0.49 on $141.8M impairment; adjusted EPS $1.66 (+14%); raises FY25 EPS guidance to $6.50-$7.00

## Summary
- GAAP net income $45.0M ($0.49 EPS) vs $133.0M ($1.44) prior year; includes $141.8M pre-tax ceiling-test impairment.
- Adjusted operating results $151.9M ($1.66 EPS), up $16.7M (+14%) YoY, driven by regulated segments and hedging gains.
- Pipeline & Storage net income +$8.4M (35%) on Supply Corp rate settlement; Utility net income +$5.9M (22%) on NY rate settlement.
- FY25 adjusted EPS guidance raised to $6.50-$7.00; NYMEX assumption now $3.50/MMBtu (up $0.70); production guidance raised to 410-425 Bcfe.
- Repurchased $34M of stock in Q1; total $99M under $200M buyback program.

## SEC filing metadata
- accession: 0000070145-25-000004
- form_type: 8-K
- ticker: NFG
- cik: 0000070145
- company_name: NATIONAL FUEL GAS CO
- filed_at: 2025-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70145/000007014525000004/0000070145-25-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70145/000007014525000004/nfg-20250129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070145-25-000004
- JSON: https://secwatch.observer/filing/0000070145-25-000004.json
- Plain text: https://secwatch.observer/filing/0000070145-25-000004.txt

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