National Fuel Gas Full Year 2024 Earnings: Misses Expectations

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).

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).

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