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

You still need to take note of risks, for example - National Fuel Gas has 2 warning signs we think you should be aware of.

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