National Fuel Gas Co NFG.N reported quarterly adjusted earnings of $1.64 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 99 cents. The mean expectation of five analysts for the quarter was for earnings of $1.50 per share. Wall Street expected results to range from $1.39 to $1.68 per share.
Revenue rose 27.4% to $531.83 million from a year ago; analysts expected $599.31 million.
National Fuel Gas Co's reported EPS for the quarter was $1.64.
The company reported quarterly net income of $149.82 million.
National Fuel Gas Co shares had risen by 3.7% this quarter and gained 44.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 9.8% in the last three months.
In the last 30 days, two analysts negatively revised earnings estimates
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 $98.00, about 9.9% above its last closing price of $88.32
This summary was machine generated from LSEG data July 30 at 11:23 p.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)