National Fuel Gas First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
National Fuel Gas (NYSE:NFG) First Quarter 2024 Results
Key Financial Results
Revenue: US$525.4m (down 20% from 1Q 2023).
Net income: US$133.0m (down 22% from 1Q 2023).
Profit margin: 25% (in line with 1Q 2023).
EPS: US$1.45 (down from US$1.85 in 1Q 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 21%. Earnings per share (EPS) exceeded analyst estimates by 9.0%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Gas Utilities industry in the US.
Performance of the American Gas Utilities industry.
The company's shares are up 2.7% from a week ago.
Valuation
National Fuel Gas' financial results now indicate the company's shares could present an opportunity based on 6 important indicators. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.
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