trending Market Intelligence /marketintelligence/en/news-insights/trending/akknr842qucmsksavaqjba2 content esgSubNav
In This List

National Fuel fiscal Q1 'strong' on back of utility, pipe, storage subsidiaries

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


National Fuel fiscal Q1 'strong' on back of utility, pipe, storage subsidiaries

National Fuel Gas Co. on Feb. 1 reported consolidated income of $198.7 million, or $2.30 per share, for the fiscal first quarter, up from $88.9 million, or $1.04 per share, in the prior-year period.

The S&P Capital IQ GAAP EPS consensus estimate for the quarter was 82 cents.

Operating results for the quarter came in at $87.7 million, or $1.02 per share, which excludes the $111.0 million, or $1.29 per share, reduction in tax expense due to the remeasurement of deferred taxes. This was down from $88.9 million, or $1.04 per share reported in the year-ago quarter. Adjusted EBITDA was reported at $197.8 million for the fiscal quarter, down from $228.3 million in the year-ago period

National Fuel's exploration and production segment, Seneca Resources Corp., reported net income of $106.7 million, or $1.24 per share, rising from $35.1 million, or 41 cents per share, in the prior-year quarter.

National Fuel President and CEO Ronald Tanski attributed the company's strong start to the fiscal year in part to the performance of its utility and pipeline and storage subsidiaries.