National Fuel Gas Q4 Earnings Lag Estimates, Sales Increase Y/Y

National Fuel Gas Company NFG reported fourth-quarter fiscal 2024 adjusted operating earnings of 77 cents per share, which missed the Zacks Consensus Estimate of 83 cents by 7.2%. The bottom line also decreased 1.3% from the year-ago quarter’s reported figure of 78 cents.NFG reported fiscal 2024 earnings of $5.01 per share compared with $5.17 in fiscal 2023, reflecting a year-over-year decrease of 3.1%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.NFG’s Total Revenues NFG reported sales of $372.1 million, which missed the Zacks Consensus Estimate of $482 million by 22.9%. However, the top line rose 0.8% from the prior-year recorded figure of $368.9 million.NFG reported total revenues of $1.94 billion in fiscal 2024 compared with $2.17 billion in fiscal 2023, highlighting a year-over-year decrease of 10.5%.National Fuel Gas Company Price, Consensus and EPS Surprise National Fuel Gas Company price-consensus-eps-surprise-chart | National Fuel Gas Company QuoteNFG’s Segmental Revenues Utility: Revenues in the fourth quarter of fiscal 2024 totaled $79.8 million, up 1.2% from $78.9 million in the year-ago quarter.Pipeline and Storage and Gathering: Revenues amounted to $70.7 million, reflecting a 1.4% increase from $69.7 million in the year-ago quarter.Exploration and Production and Other Revenues: Revenues in the fourth quarter of fiscal 2024 totaled $221.5 million, up 0.5% from $220.4 million in the year-ago quarter.Highlights of NFG’s Q4 Release Total operating expenses increased 133.4% to $568.6 million year over year. This was due to higher operation and maintenance expenses.The operating loss was $196.6 million against an income of $125.3 million in the year-ago quarter.Interest expenses totaled $33 million, up 16% from the year-ago figure of $28.5 million.The Exploration & Production segment produced 91.9 billion cubic feet (Bcf) of natural gas, down 2% year over year. The company voluntarily curtailed 1.5 Bcf of production due to low in-basin pricing during the quarter.NFG’s Financial Highlights As of Sept. 30, 2024, National Fuel Gas had cash and temporary cash investments of $38.2 million compared with $55.4 million as of Sept. 30, 2023.Net cash provided by operating activities for fiscal 2024 totaled $1.07 billion compared with $1.24 billion in the year-ago period.Total capital expenditures in fiscal 2024 totaled $0.93 billion compared with $1.01 billion in fiscal 2023.NFG’s Guidance NFG updated its fiscal 2025 earnings projection to the range of $5.50-$6.00 per share from the previously anticipated $5.75-$6.25 range. The Zacks Consensus Estimate is pegged at $5.69 per share.The company still expects its capital expenditure for fiscal 2025 to be in the range of $885-970 million. It expects production volume in the band of 400-420 Bcf for the same year.NFG’s Zacks Rank National Fuel Gas currently has a Zacks Rank #5 (Strong Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.An Upcoming Release NewJersey Resources NJR is scheduled to report fiscal fourth-quarter results on Nov. 25 after market close. The Zacks Consensus Estimate for earnings is pegged at 89 cents per share, which indicates a year-over-year improvement of 196.7%.The Zacks Consensus Estimate for sales is pegged at $407 million, which calls for a year-over-year improvement of 22.8%.Recent Releases Southwest Gas Holdings Inc. SWX recorded third-quarter 2024 operating earnings of 9 cents per share, which beat the Zacks Consensus Estimate of 7 cents by 28.6%. However, the bottom line decreased 47.1% from the year-ago quarter’s 17 cents.Operating revenues totaled $1.08 billion, which missed the Zacks Consensus Estimate of $1.13 billion by 4.8%. The top line decreased 7.7% from $1.17 billion reported in the prior-year quarter.ONE Gas, Inc. OGS reported third-quarter 2024 operating earnings per share (EPS) of 34 cents, which lagged the Zacks Consensus Estimate of 41 cents by 17.1%. The figure also came in 24.4% lower than the year-ago quarter’s earnings of 45 cents per share.ONE Gas recorded revenues of $340.4 million, which missed the Zacks Consensus Estimate of $363 million by 6.3%. However, the top line increased 1.4% from $335.8 million in the prior-year quarter.Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. 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