National Fuel Gas Full Year 2024 Earnings: Misses Expectations

Simply Wall St

November 12, 2024

National Fuel Gas (NYSE:NFG) Full Year 2024 Results

Key Financial Results

Revenue: US$1.94b (down 11% from FY 2023).
Net income: US$77.5m (down 84% from FY 2023).
Profit margin: 4.0% (down from 22% in FY 2023).
EPS: US$0.84 (down from US$5.20 in FY 2023).

revenue-and-expenses-breakdown — NYSE:NFG Revenue and Expenses Breakdown November 12th 2024

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

National Fuel Gas Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 72%.

The primary driver behind last 12 months revenue was the Exploration and Production segment contributing a total revenue of US$961.1m (49% of total revenue). The most substantial expense, totaling US$651.3m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how NFG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Gas Utilities industry in the US.

Performance of the American Gas Utilities industry.

The company's shares are up 2.8% from a week ago.

Risk Analysis

You should learn about the 5 warning signs we've spotted with National Fuel Gas (including 1 which is significant).

Valuation is complex, but we're here to simplify it.

Discover if National Fuel Gas might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.