earnings
confidence high
sentiment positive
materiality 0.85
National Fuel reports Q2 GAAP EPS $2.37, adj. EPS $2.39; raises FY25 guidance
NATIONAL FUEL GAS CO
2025-Q2 EPS
reported $2.86
vs consensus $1.51
▲ beat
(+89.0%)
- GAAP net income $216M ($2.37/sh) vs $166M ($1.80/sh) prior year; adjusted operating results $218M ($2.39/sh), up 34% per share.
- Seneca produced record 105.5 Bcf natural gas in Q2, up 3% YoY; realized price $2.94/Mcf, up $0.38.
- Utility segment net income $63.5M, up 44% YoY driven by New York rate settlement effective Oct 2024.
- Fiscal 2025 adjusted EPS guidance raised to $6.75-$7.05 (midpoint +$0.15); assumes NYMEX $3.50 for rest of year.
- Issued $1B of new 5- and 10-year notes, refinanced $950M early redemption; after-tax loss of $1.7M.