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

By Reuters News


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:


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.)

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