Stock Analysis
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National Fuel Gas Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
National Fuel Gas (NYSE:NFG) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$629.9m (down 12% from 2Q 2023).
- Net income: US$166.3m (up 18% from 2Q 2023).
- Profit margin: 26% (up from 20% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: US$1.81 (up from US$1.54 in 2Q 2023).
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 18%. Earnings per share (EPS) exceeded analyst estimates by 28%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Gas Utilities industry in the US.
Performance of the American Gas Utilities industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for National Fuel Gas that you should be aware of.
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About NYSE:NFG
Average dividend payer and fair value.