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WILLIAMSVILLE, N.Y. (AP) _ National Fuel Gas Co. (NFG) on Thursday reported fiscal first-quarter net income of $77.8 million.
On a per-share basis, the Williamsville, New York-based company said it had net income of 85 cents. Earnings, adjusted for one-time gains and costs, came to $1.06 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The energy company posted revenue of $441.2 million in the period.
National Fuel Gas expects full-year earnings in the range of $3.65 to $3.95 per share.
National Fuel Gas shares have risen slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $41.32, a decline of 4.5% in the last 12 months.