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Gabelli Utilities AAA Message Board

  • artusaj artusaj Feb 13, 2013 1:56 PM Flag

    NATIONAL FUEL GAS HITS A NEW 52 WEEK HIGH

    WHAT IS PROPELING IT.

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    • Nat gas prices and another cold blast heading into the Northeast this weekend...

      This is what I m thinking is moving NFG... from the latest earnings report...

      "The Utility segment operations are carried out by National Fuel Gas Distribution Corporation (“Distribution”), which sells or transports natural gas to customers located in western New York and northwestern Pennsylvania.

      The Utility segment’s earnings of $22.9 million, or $0.27 per share, for the quarter ended December 31, 2012, increased $3.5 million or $0.04 per share. Colder weather and lower operating expenses were the primary reasons for the increase in earnings in the current year’s first quarter. Temperatures in Pennsylvania were 10.3 percent colder in the current year’s first quarter than the first quarter of 2012, which had a significant impact on Pennsylvania earnings. In New York, the colder weather did not have a significant impact on earnings for the quarter because the impact of weather variations is mitigated by that jurisdiction’s weather normalization clause."

 
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9.46+0.06(+0.64%)5:40 PMEDT