---
schema_version: "secwatch.filing_event.v1"
accession: "0000070145-25-000012"
form_type: "8-K"
ticker: "NFG"
cik: "0000070145"
company_name: "NATIONAL FUEL GAS CO"
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T01:24:47.918352+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# National Fuel reports Q2 GAAP EPS $2.37, adj. EPS $2.39; raises FY25 guidance

## Summary
- 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.

## SEC filing metadata
- accession: 0000070145-25-000012
- form_type: 8-K
- ticker: NFG
- cik: 0000070145
- company_name: NATIONAL FUEL GAS CO
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/70145/000007014525000012/0000070145-25-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70145/000007014525000012/nfg-20250430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070145-25-000012
- JSON: https://secwatch.observer/filing/0000070145-25-000012.json
- Plain text: https://secwatch.observer/filing/0000070145-25-000012.txt

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