National Fuel Reports First Quarter Earnings
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National Fuel Gas (NFG) Tops Q1 EPS by 4c; Lowers FY20 EPS Guidance, 'Decrease in Expected Earnings due to Decline in Natural Gas Prices'
January 30, 2020 4:55 PM ESTNational Fuel Gas (NYSE: NFG) reported Q1 EPS of $1.01, $0.04 better than the analyst estimate of $0.97.
FISCAL 2020 FIRST QUARTER SUMMARY
GAAP earnings of $86.6 million, or $1.00 per share, compared to $102.7 million, or $1.18 per share, in the prior yearAdjusted operating results of $87.4 million, or $1.01 per share, compared to $97.5 million, or $1.12 per share, in the prior year (see non-GAAP reconciliation below)Adjusted EBITDA of $222.9 million, an increase of $3.5 million from $219.4 million in the prior year (non-GAAP reconciliation on page 21)E&P segment net production of 58.4 Bcfe, an increase of 19% from the prior... More