National Fuel Gas Q4 adjusted EPS flat year over year; completes Ohio gas utility acquisition

National Fuel Gas

Wed 21:58

Overview
US natural gas utility's fiscal Q4 adjusted EPS was flat yr/yr at $1.22
GAAP EPS for fiscal Q4 fell to $1.02 from $1.18 a year ago
Company completed Ohio gas utility acquisition and plans to spin off upstream business

Outlook
National Fuel Gas sees fiscal 2027 adjusted EPS of $6.00 to $6.40
IUG expects fiscal 2027 production of 400 to 435 Bcf
Utility and Pipeline & Storage segment earnings expected to increase in 2027 due to acquisitions and new projects

Result Drivers
HIGHER REALIZED NATURAL GAS PRICES - Co said higher realized natural gas prices, after hedging, contributed to increased adjusted earnings in the Integrated Upstream and Gathering segment
LOWER PRODUCTION VOLUMES - Co said lower production volumes in Integrated Upstream and Gathering segment partially offset earnings gains
HIGHER CUSTOMER MARGIN - Co said Utility segment earnings benefited from higher customer margin, driven by usage, New York rate settlement, and Pennsylvania improvement charge

Company press release: ID:nGNXxj3hV

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Diluted EPS
 
$1.02
 
Q4 Net Income
 
$97.51 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the natural gas utilities peer group is "buy"
Wall Street's median 12-month price target for National Fuel Gas Company is $95.00, about 24.1% above its November 4 closing price of $76.54
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Nov 4 - Atmos Energy sets annual EPS guidance at $9.05-$9.25, above 2026 levels
Nov 4 - Southwest Gas Q3 profit beats estimates on rate hikes, lower interest expense
Nov 2 - ONE Gas Q3 revenue falls short of estimates; lifts adj EPS guidance for 2026

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)