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National Fuel Gas First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

National Fuel Gas (NYSE:NFG) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$525.4m (down 20% from 1Q 2023).

  • Net income: US$133.0m (down 22% from 1Q 2023).

  • Profit margin: 25% (in line with 1Q 2023).

  • EPS: US$1.45 (down from US$1.85 in 1Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

National Fuel Gas EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 21%. Earnings per share (EPS) exceeded analyst estimates by 9.0%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Gas Utilities industry in the US.

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Performance of the American Gas Utilities industry.

The company's shares are up 2.7% from a week ago.

Valuation

National Fuel Gas' financial results now indicate the company's shares could present an opportunity based on 6 important indicators. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.