National Fuel Gas ( (NFG) ) has released its Q1 earnings. Here is a breakdown of the information National Fuel Gas presented to its investors.
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National Fuel Gas Company is an integrated energy company operating in the Exploration and Production, Pipeline and Storage, Gathering, and Utility sectors, primarily focusing on natural gas in the Appalachian region.
In its latest earnings report for the first quarter of fiscal 2025, National Fuel Gas Company reported a GAAP net income of $45.0 million, a significant decrease from the previous year’s $133.0 million, due to non-cash impairment charges. However, the company saw an increase in adjusted operating results, reaching $151.9 million, up by 14% from last year.
Key highlights include a 35% increase in net income in the Pipeline & Storage segment and a 22% rise in the Utility segment’s net income, driven by rate case settlements in New York. The Exploration & Production segment also benefited from hedging gains, offsetting a decrease in natural gas prices. The company repurchased $34 million of common stock, advancing its share buyback program.
Looking ahead, National Fuel Gas Company has raised its adjusted earnings guidance for fiscal 2025 to $6.50 to $7.00 per share, reflecting higher natural gas prices and improved operational efficiencies. The company remains optimistic about its growth prospects, supported by ongoing developments in its regulated segments and upstream operations.