National Fuel Gas Co reports results for the quarter ended in June - Earnings Summary

National Fuel Gas

01/08/2024 04:05

* National Fuel Gas Co  NFG.N  reported quarterly adjusted
earnings of 99 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $1.01.  The mean expectation of four analysts for the
quarter was for earnings of 96 cents per share. Wall Street
expected results to range from 88 cents to $1.12 per share.
    * Revenue fell 2.6% to $417.44 million from a year ago;
analysts
expected $536.36 million. 
    * National Fuel Gas Co's reported EPS for the quarter was a
loss
of 59 cents​.
    * The company reported a quarterly loss of $54.16 million.
    * National Fuel Gas Co shares had risen by 7.9% this
quarter and
gained 16.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the natural gas
utilities peer group is also "buy"

Wall Street's median 12-month price target for National Fuel Gas
Co is $71.00 
This summary was machine generated from LSEG data August 1 at
03:04 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.96           0.99           Beat
 Mar. 31 2024      1.51           1.79           Beat
 Dec. 31 2023      1.33           1.46           Beat
 Sep. 30 2023      0.84           0.78           Missed