Revenue Growth - Utility revenues increased to $343,574,000 for the three months ended March 31, 2025, compared to $290,198,000 for the same period in 2024, representing a growth of 18.4%[11] - Exploration and production revenues rose to $311,958,000 for the three months ended March 31, 2025, up from $264,614,000 in 2024, marking an increase of 17.9%[11] - Total revenues for the quarter ended March 31, 2025, were $729.95 million, a significant increase compared to $629.94 million for the same quarter in 2024, reflecting a year-over-year growth of approximately 15.9%[43][45]. - For the six months ended March 31, 2025, total revenues were $1.28 billion, up from $1.15 billion in the same period in 2024, representing an increase of approximately 10.7%[44][46]. Net Income and Earnings - Net income available for common stock for the three months ended March 31, 2025, was $216,358,000, compared to $166,272,000 in 2024, reflecting a year-over-year increase of 30.2%[12] - Earnings per common share (diluted) increased to $2.37 for the three months ended March 31, 2025, from $1.80 in 2024, a rise of 31.7%[11] - Net Income Available for Common Stock for the six months ended March 31, 2025, was $261,344,000, down from $299,292,000 for the same period in 2024, representing a decrease of about 12.7%[19]. Operating Performance - Operating income for the three months ended March 31, 2025, was $317,252,000, compared to $250,623,000 in 2024, representing a growth of 26.5%[11] - Segment profit for the Exploration and Production segment was $97.83 million for the quarter ended March 31, 2025, compared to $62.07 million in the same quarter of 2024, reflecting a year-over-year increase of approximately 57.7%[83][85]. Assets and Liabilities - Total assets as of March 31, 2025, were $8,479,963,000, compared to $8,319,770,000 as of September 30, 2024, indicating an increase of 1.9%[15] - Long-Term Debt increased from $2,188,243,000 in September 2024 to $2,381,126,000 in March 2025, an increase of approximately 8.8%[17]. - As of March 31, 2025, total net assets amounted to $58,102,000, while total liabilities were $201,464,000, resulting in total net liabilities of $(143,317,000)[50]. Cash Flow and Capital Expenditures - Net Cash Provided by Operating Activities decreased to $473,870,000 for the six months ended March 31, 2025, compared to $586,261,000 for the same period in 2024, a decline of approximately 19.2%[19]. - Capital Expenditures for the six months ended March 31, 2025, were $434,260,000, down from $481,958,000 in 2024, reflecting a decrease of about 9.9%[19]. Dividends and Shareholder Equity - The company declared dividends per common share of $0.515 for the three months ended March 31, 2025, compared to $0.495 in 2024, an increase of 4%[11]. - Total Comprehensive Shareholders' Equity decreased from $2,848,343,000 in September 2024 to $2,765,611,000 in March 2025, a decline of approximately 2.9%[17]. Impairments and Other Charges - The company reported a comprehensive income of $69,536,000 for the three months ended March 31, 2025, down from $174,231,000 in 2024, a decrease of 60%[12]. - The company recorded an impairment charge of $33,453,000 for water disposal assets during the six months ended March 31, 2024[51]. - The company recognized a deferred income tax benefit of $29.2 million related to the non-cash impairment charge for the quarter ended December 31, 2024[29]. Regulatory and Rate Orders - The 2024 Rate Order approved by the NYPSC authorizes a revenue requirement increase of $57.3 million in fiscal 2025, with additional increases of $15.8 million in fiscal 2026 and $12.7 million in fiscal 2027[91]. - The revenue decoupling and weather normalization adjustment mechanisms were approved in the 2024 Rate Order[92]. - Empire is required to file a Section 4 rate case by May 31, 2031, and cannot file a new rate case before April 30, 2027[96]. Financial Instruments and Derivatives - The company recorded a derivative financial instruments revenue of $(7.83) million for the quarter, indicating a loss in this area[43]. - For the three months ended March 31, 2025, the total derivative loss was $209.046 million, compared to a gain of $71.164 million for the same period in 2024, indicating a significant decline in performance[64]. - As of March 31, 2025, the fair market value of derivative financial instrument liabilities with a credit-risk related contingency feature was $147.3 million, with no hedging collateral deposits required[66].

National Fuel Gas Company (NFG) reported second-quarter fiscal 2025 adjusted operating earnings of $2.39 per share, which surpassed the Zacks Consensus Estimate of $2.18 by 9.6%. The bottom line also increased 33.5% from the year-ago quarter’s reported figure of $1.79. (See the Zacks Earnings Calendar to stay ahead of market-making news.)GAAP earnings for the quarter were $2.37 per share compared with $1.80 in the year-ago quarter.NFG’s Total RevenuesNFG reported sales of $730 million, which missed the Zack ...

National Fuel Gas Company (NFG) Q2 2025 Earnings Call May 01, 2025 09:00 AM ET Speaker0 I'll now hand it over to your host, Natalie Fisher, Director of Investor Relations. Please go ahead. Speaker1 Thank you, Alex, and good morning. We appreciate you joining us on today's conference call for a discussion of last evening's earnings release. With us on the call from National Fuel Gas Company are Dave Bauer, President and Chief Executive Officer Tim Silverstein, Treasurer and Chief Financial Officer and Justin ...

Exhibit 99 Release Date: Immediate April 30, 2025 Natalie M. Fischer 6363 Main Street/Williamsville, NY 14221 Investor Relations 716-857-7315 Timothy J. Silverstein Chief Financial Officer 716-857-6987 NATIONAL FUEL REPORTS SECOND QUARTER EARNINGS WILLIAMSVILLE, N.Y.: National Fuel Gas Company ("National Fuel" or the "Company") (NYSE:NFG) today announced consolidated results for the second quarter of its 2025 fiscal year. FISCAL 2025 SECOND QUARTER SUMMARY MANAGEMENT COMMENTS David P. Bauer, President and C ...

National Fuel Gas (NFG) came out with quarterly earnings of $2.39 per share, beating the Zacks Consensus Estimate of $2.18 per share. This compares to earnings of $1.79 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.63%. A quarter ago, it was expected that this energy company would post earnings of $1.57 per share when it actually produced earnings of $1.66, delivering a surprise of 5.73%.Over the last four quarters, the co ...

Investor Presentation Fiscal 2025 – 2nd Quarter Update April 30, 2025 Fiscal 2025 Q2 Update 1 National Fuel Gas Company Fiscal 2025 Q2 Update 2 • Company Overview (3) • Why National Fuel? (8) • Financial Overview (13) • Business Highlights (17) • Supplemental Information • Segment Information (24) • Guidance & Other Financial Information (46) Company Overview Corporate HQ: Buffalo, NY ~2,300 employees NYSE: NFG Market Cap: ~$7.1B 122 Years of consecutive dividend payments 54 Years of consecutive dividend in ...

National Fuel Gas Company (NFG) is scheduled to release fiscal second-quarter 2025 results on April 30, after market close. The company delivered an earnings surprise of 5.7% in the last reported quarter. (See the Zacks Earnings Calendar to stay ahead of market-making news.)Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Key Factors That May Impact NFG's Q2 ResultsNational Fuel Gas received approval on Dec. 19, 2024, from the New York Public Service Commission to ...

National Fuel Gas Company (NYSE: NFG ) is due to report its Q2 ’25 earnings on the 30 th of April after the market closes, so I wanted to go over briefly what to expect from theMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.Analyst’s Disclosure: I/we have no stock, ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? ...

Core Viewpoint - Investors are seeking growth stocks that can deliver above-average growth and exceptional returns, but identifying such stocks can be challenging due to inherent volatility and risks [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score system helps identify promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - National Fuel Gas (NFG) is highlighted as a recommended stock with a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is a critical factor for attracting investor attention, with double-digit growth being particularly desirable [3] - National Fuel Gas has a historical EPS growth rate of 13.7%, but projected EPS growth for this year is expected to be 37.7%, significantly higher than the industry average of 15.7% [4] Group 3: Cash Flow Growth - Higher-than-average cash flow growth is essential for growth-oriented companies, allowing them to expand without relying on external funding [5] - National Fuel Gas has a year-over-year cash flow growth of 3.8%, outperforming the industry average of -2% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 9.9%, compared to the industry average of 8.9% [6] Group 4: Earnings Estimate Revisions - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements [7] - National Fuel Gas has seen upward revisions in current-year earnings estimates, with the Zacks Consensus Estimate increasing by 3.9% over the past month [8] Group 5: Overall Positioning - National Fuel Gas has achieved a Growth Score of B and a Zacks Rank 1 due to positive earnings estimate revisions, positioning it well for potential outperformance [10]