Earnings Call Summary | National Fuel Gas(NFG.US) Q2 2024 Earnings Conference
Earnings Call Summary | National Fuel Gas(NFG.US) Q2 2024 Earnings Conference
The following is a summary of the National Fuel Gas Company (NFG) Q2 2024 Earnings Call Transcript:
以下是國家燃氣公司（NFG）2024年第二季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
National Fuel reported Q2 operating results of $1.79 per share, a 16% increase from the same quarter last year.
Growth in the company's regulated businesses and in Seneca's production drove this increase, despite a challenging natural gas price environment.
Earnings for the Pipeline and Storage segment increased by 29%, driven by a significant growth in revenues due to the settlement reached in the Supply Corporation rate case.
The February settlement solved a rate case filed last summer, introducing new rates designed to enhance annual revenues by $56 million.
National Fuel公佈的第二季度經營業績爲每股1.79美元，比去年同期增長16％。
儘管天然氣價格環境充滿挑戰，但該公司受監管業務和塞內卡產量的增長推動了這一增長。
管道和存儲板塊的收益增長了29％，這得益於供應公司利率案中達成的和解所導致的收入大幅增長。
2月份的和解協議解決了去年夏天提起的利率訴訟，引入了旨在將年收入增加5600萬美元的新稅率。
Business Progress:
業務進展：
National Fuel is undertaking various rate-making initiatives expected to boost earnings and free cash flow.
The company plans to file another rate case within the next year, driven by the anticipated level of modernization investment at the Supply Corp and increasing costs related to compliance with new regulations.
The New York rate case requests a $89 million increment in annual revenue, and the rates are estimated to take effect on October 1st this year.
Driven by planned modernization investments, expansion of FERC-regulated assets, and development of the Tioga Pathway Project, National Fuel's regulated businesses are positioned for long-term growth.
The company has successfully transitioned towards Eastern Development Area (EDA) within non-regulated operations, with projected production growth from more than 20 wells recently inlined in the EDA.
Due to strong financial performance and the positive outlook for the company's integrated businesses, National Fuel has initiated a $200 million share buyback program.
National Fuel正在採取各種費率制定計劃，預計將增加收益和自由現金流。
受供應公司預期的現代化投資水平以及與遵守新法規相關的成本增加的推動，該公司計劃在明年內再次提起利率訴訟。
紐約稅率案例要求增加8900萬美元的年收入，該稅率預計將於今年10月1日生效。
在計劃中的現代化投資、擴大受FERC監管的資產以及Tioga Pathway項目的開發的推動下，National Fuel的受監管業務有望實現長期增長。
該公司已在不受監管的業務範圍內成功過渡到東部開發區（EDA），EDA最近預計將增加20多口油井的產量。
由於強勁的財務表現以及公司綜合業務的前景樂觀，National Fuel啓動了一項2億美元的股票回購計劃。
More details: National Fuel Gas IR
更多詳情： 國家燃氣紅外線
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。