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National Fuel Gas Q1 Earnings Beat Estimates, Revenues Increase Y/Y
ZACKS· 2025-01-30 12:11
Core Insights - National Fuel Gas Company (NFG) reported first-quarter fiscal 2025 adjusted operating earnings of $1.66 per share, exceeding the Zacks Consensus Estimate of $1.57 by 5.7% and increasing 13.7% from $1.46 in the same quarter last year [1] - Total revenues for NFG were $549.5 million, missing the Zacks Consensus Estimate of $594 million by 7.5%, but reflecting a 4.6% increase from $525.4 million in the prior year [2] - The company has raised its guidance for fiscal 2025 adjusted earnings per share to a range of $6.50-$7.00, up from the previous $5.50-$6.00, driven by higher forecasted natural gas prices and improved segment outlooks [7] Financial Performance - NFG's total operating expenses rose 45.6% year over year to $463.3 million, primarily due to increased purchased gas costs and asset impairments [4] - Operating income decreased to $86.2 million from $207.1 million in the year-ago quarter [4] - Interest expense on long-term debt increased by 17.2% to $33.4 million compared to $28.5 million in the previous year [4] Segment Performance - Utility segment revenues increased by 13.1% to $228.4 million from $201.9 million in the prior year [2] - Exploration and Production revenues decreased by 2% to $248.9 million from $254 million year over year [3] - Pipeline and Storage revenues grew by 4% to $72.2 million from $69.4 million in the year-ago quarter [3] Production and Cash Flow - Seneca produced 97.7 billion cubic feet (Bcf) of natural gas, a decrease of 3 Bcf or 3% from the prior year, attributed to the timing of new well turn-in line dates [5] - As of December 31, 2024, NFG had cash and temporary cash investments of $48.7 million, up from $38.2 million as of September 30, 2024 [6] - Net cash provided by operating activities for the first three months of fiscal 2025 was $220.1 million, down from $270.9 million in the same period last year [6] Guidance and Future Outlook - NFG expects capital expenditures for fiscal 2025 to be between $885-$960 million, slightly lower than the previous range of $885-$970 million [8] - The production guidance for fiscal 2025 is now set at 410-425 Bcf, an increase of 7.5 Bcf or 2% at the midpoint compared to the previous estimate of 400-420 Bcf [8]
National Fuel Gas (NFG) Q1 Earnings Surpass Estimates
ZACKS· 2025-01-29 23:57
National Fuel Gas (NFG) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.73%. A quarter ago, it was expected that this energy company would post earnings of $0.83 per share when it actually produced earnings of $0.77, delivering a surprise of -7.23%.Over the last four quarters, the c ...
National Fuel Reports First Quarter Earnings
Globenewswire· 2025-01-29 21:45
WILLIAMSVILLE, N.Y., Jan. 29, 2025 (GLOBE NEWSWIRE) -- National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE:NFG) today announced consolidated results for the first quarter of its 2025 fiscal year. FISCAL 2025 FIRST QUARTER SUMMARY GAAP net income of $45.0 million (or $0.49 per share), which includes $104.6 million in non-cash, after-tax impairment charges in the Exploration & Production segment, compared to GAAP net income of $133.0 million (or $1.44 per share) in the prior year.Adjusted opera ...
Why National Fuel Gas (NFG) is a Top Momentum Stock for the Long-Term
ZACKS· 2025-01-28 15:56
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores. What are t ...
What Makes National Fuel Gas (NFG) a Strong Momentum Stock: Buy Now?
ZACKS· 2025-01-17 18:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
NFG or AESI: Which Is the Better Value Stock Right Now?
ZACKS· 2025-01-17 17:41
Core Viewpoint - National Fuel Gas (NFG) is currently positioned as a more attractive investment compared to Atlas Energy Solutions Inc. (AESI) based on various valuation metrics and earnings outlook [1][3][6] Valuation Metrics - NFG has a forward P/E ratio of 10.97, significantly lower than AESI's forward P/E of 16.38, indicating that NFG may be undervalued [5] - The PEG ratio for NFG is 1.01, while AESI's PEG ratio is considerably higher at 7.25, suggesting NFG has a better balance between price and expected earnings growth [5] - NFG's P/B ratio stands at 2.18, compared to AESI's P/B of 2.59, further supporting NFG's valuation advantage [6] Earnings Outlook - NFG holds a Zacks Rank of 1 (Strong Buy), reflecting positive earnings estimate revisions, while AESI has a Zacks Rank of 5 (Strong Sell), indicating a less favorable earnings outlook [3][6] - The solid earnings outlook for NFG contributes to its superior value grade of B, in contrast to AESI's value grade of F [6]
Is National Fuel Gas Company (NFG) Stock Outpacing Its Oils-Energy Peers This Year?
ZACKS· 2025-01-17 15:41
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has National Fuel Gas (NFG) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.National Fuel Gas is one of 249 companies in the Oils-Energy group. The Oils-Energy group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank ...
National Fuel First Quarter Fiscal 2025 Earnings Conference Call Update
Newsfilter· 2025-01-15 20:09
WILLIAMSVILLE, N.Y., Jan. 15, 2025 (GLOBE NEWSWIRE) -- National Fuel Gas Company (NYSE:NFG) today has updated the time of its first quarter fiscal 2025 earnings conference call on Thursday, January 30, 2025 to 9:00 a.m. ET. As a reminder, participants must pre-register to join this conference using the Participant Registration link. A webcast link to the conference call will be provided under the Events Calendar on the NFG Investor Relations website at investor.nationalfuelgas.com. A replay will be availabl ...
Why National Fuel Gas (NFG) is a Great Dividend Stock Right Now
ZACKS· 2025-01-13 17:45
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by i ...
National Fuel Schedules First Quarter Fiscal 2025 Earnings Conference Call
Globenewswire· 2025-01-08 15:30
WILLIAMSVILLE, N.Y., Jan. 08, 2025 (GLOBE NEWSWIRE) -- National Fuel Gas Company (NYSE: NFG) today announced it will release its first quarter fiscal 2025 earnings results on Wednesday, January 29, 2025 after market close. A conference call to discuss the results will be held on Thursday, January 30, 2025 beginning at 10:00 a.m. ET. Prepared remarks from the executive team are planned for approximately 20 minutes followed by a question and answer session. All participants must pre-register to join this conf ...