WILLIAMSVILLE, N.Y., Sept. 13, 2024 (GLOBE NEWSWIRE) -- Today, the National Fuel Gas Company ("National Fuel" or the "Company") (NYSE: NFG) Board of Directors approved a regular quarterly dividend of 51.5 cents per share on the Company's common stock. The dividend is payable October 15, 2024, to stockholders of record at the close of business on September 30, 2024. The Company has approximately 91.1 million shares of common stock outstanding. It has no preferred stock outstanding. National Fuel is a diversi ...

WILLIAMSVILLE, N.Y., Sept. 09, 2024 (GLOBE NEWSWIRE) -- National Fuel Gas Company (National Fuel or the Company, NYSE: NFG) today released its 2023 Corporate Responsibility Report (Report), detailing the Company's policies, practices and performance metrics in key corporate responsibility and sustainability areas. An electronic version of the report is available by clicking here. "At National Fuel, we are committed to being a responsible corporate partner in the communities where we live and work," said Dav ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find comp ...

Monty Rakusen Dear readers/followers, In this article, I'll be updating my thesis on National Fuel Gas (NYSE:NFG), a company I reviewed roughly 2 years ago. Since that review, and my position which is around 0.11%, it has significantly underperformed. This has been one of my less successful investments in the energy sector, where I have typically done rather well for myself. I managed to snag Enbridge (ENB) at a superb valuation, and some other energy companies as well. But NFG, that one was a dud. Since my ...

It has been about a month since the last earnings report for National Fuel Gas (NFG) . Shares have added about 0.3% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is National Fuel Gas due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. National Fuel Gas Q3 Earnings Bea ...

Investors might want to bet on National Fuel Gas (NFG) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of ...

For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. National Fuel Gas (NFG) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. National Fuel Gas is one of 105 individual stocks in the Utilities sector. Collectively, these companies sit at #7 in the Zacks Sector ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and ...

财务数据和关键指标变化 - 第三季度公司录得GAAP亏损5400万美元或每股0.59美元,主要是由于天然气价格下降导致Seneca资产计提了非现金减值费用,每股1.58美元 [25] - 剔除减值费用和其他一些影响可比性的项目,第三季度经调整的营业利润为每股0.99美元 [25] - 受益于公司的套期保值策略,公司的监管业务增长抵消了天然气价格下降的大部分影响 [27] 各条业务线数据和关键指标变化 - 公用事业业务受益于近期的费率调整,宾夕法尼亚州的利润增加,纽约州的系统现代化项目也带来了收入增长 [26] - 管道和储存业务受益于Supply Corp费率案的全面实施,预计将增加约5600万美元的年度收入 [27] - 非监管业务方面,天然气价格下降是一个不利因素,但公司的套期保值策略限制了整体影响,第三季度套期保值交易带来了7500万美元的收益 [27] - Seneca的产量同比增加2%至97 Bcf,主要得益于向东部开发区的转型,该区域的井效果超出预期 [28] 各个市场数据和关键指标变化 - 公司预计2025财年天然气价格(NYMEX)将平均为3.25美元/MMBtu,阿巴拉契亚地区现货价格将平均为2.30美元 [38] - 如果价格上涨0.25美元,预计每股收益将增加约0.35美元;如果价格下跌0.25美元,每股收益将减少约0.30美元 [39] 公司战略和发展方向及行业竞争 - 公司预计未来3年内每年实现10%以上的合并收益复合年增长率,各主要业务板块都将贡献增长 [11] - 监管业务预计未来3年内每股收益年均增长7%-10%,主要来自费率案和现代化项目带来的资产基础增长 [12][13] - 非监管上游和集输业务的增长前景更好,Seneca的1-2钻机计划将带来低至中个位数的产量和集输吞吐量增长,更重要的是天然气价格有望大幅改善 [14] - 公司预计未来几个月内天然气需求将大幅增长,受益于LNG出口项目投产和天然气发电需求上升 [15][23] - 公司将继续执行套期保值策略,为未来收益提供确定性 [16] - 随着向东部开发区的转型,公司的非监管业务将实现资本效率提升和自由现金流大幅增长 [17][18] 管理层对经营环境和未来前景的评论 - 管理层对公司未来3年内实现10%以上合并收益复合年增长率表示乐观 [11] - 管理层认为天然气行业的未来前景光明,公司的资产组合和运营执行能力将使其能够长期提供关键能源供应 [22][23] - 管理层对公司的监管业务和非监管业务的未来增长前景表示乐观 [12][14] 其他重要信息 - 公司董事会批准每股增加0.08美元或4%的股息,这是公司连续54年增加股息 [19] - 公司启动了2亿美元的股票回购计划,截至目前已完成约4500万美元的回购,减少了近1%的总股数 [20][21] - 公司预计2025财年每股收益将达5.75-6.25美元,较2024财年增长约19% [34] - 公司2025财年资本支出预计为8.85-9.7亿美元,与2024财年基本持平 [40][41][42] - 公司的资产负债表状况良好,预计到2025财年末,其信用指标将维持在当前水平附近 [43] 问答环节重要的提问和回答 问题1 **Zach Parham 提问** 询问公司在作业效率和成本方面的改善情况 [62][63] **Justin Loweth 回答** 公司在Tioga地区的作业效率和成本控制方面取得了显著进步,主要得益于向东部开发区转型的规划优化和执行改善 [63][64][66][67] 问题2 **Greta Drefke 提问** 询问公司对并购机会和天然气市场前景的看法 [72][74] **Dave Bauer 回答** 公司对并购机会保持乐观,尤其是在监管资产方面,同时也关注一些小规模的上游资产整合机会 [73] 公司认为短期天然气市场面临挑战,但长期来看随着LNG出口增加,价格将会回升,公司的套期保值策略有助于应对价格波动 [75][76] 问题3 **John Daniel 提问** 询问公司是否需要大幅增加钻井活动来满足未来的天然气需求增长 [79][80] **Justin Loweth 回答** 公司有充足的资源和灵活性来应对未来需求增长,将密切关注市场动态并做好准备 [80][81][83]

业绩总结 - NFG的总证明储量为4.5万亿立方英尺，截至2023年9月30日[17] - 2023财年报告的GAAP净收入为232,275千美元，较2022财年的306,064千美元下降了24%[110] - 2023财年调整后的EBITDA为611,782千美元，较2022财年的656,310千美元下降了7%[110] - 2024年第二季度报告的GAAP净亏损为54,158千美元，而2023年同期为盈利92,620千美元[111] - 2024年截至6月30日的自由现金流为188,622千美元，2023年同期为362,273千美元[113] 用户数据 - NFG的公用事业部门在纽约和宾夕法尼亚州共服务54万客户[19] - 纽约地区的总客户数约为540,000，宾夕法尼亚地区约为214,000[74] 未来展望 - NFG计划在2025财年实现超过10%的调整后每股收益（EPS）增长[24] - 更新的2024财年每股收益指导为5.00至5.10美元[95] - 初步2025财年每股收益指导为5.75至6.25美元，较2024财年增长19%[95] - 预计2023财年到2025财年，基础费率年均增长率为5%-7%[34] 新产品和新技术研发 - 预计到2025年底，RNG（可再生天然气）产量将达到386,000 Mcf/年[89] - 预计“提奥加通道项目”将提供每年约1500万美元的收入，资本成本约为1亿美元[70] 市场扩张和并购 - NFG在阿巴拉契亚地区拥有约120万净英亩的上游开发权，当前净产量约为每日1.1亿立方英尺[17] - 西部开发区（WDA）潜在的马塞勒斯页岩和尤蒂卡页岩井位超过600个和500个[50] 财务状况 - 截至2024年6月30日，总资本化为58亿美元，债务占比46%，股本占比54%[43] - 2024财年净债务与调整后EBITDA比率为2.14倍，显示出强劲的财务状况[42] - 2024财年资本支出预计为8.85亿至9.7亿美元，2025财年为9.5亿至10.5亿美元[40] 负面信息 - 2024年第二季度的油气资产减值影响为200,696千美元，税务影响为55,686千美元[111] - 2023财年所得税费用为87,796千美元，较2022财年的43,898千美元增加了100%[110] 其他新策略和有价值的信息 - NFG自2010年以来在基础设施投资方面累计达到27亿美元[16] - 公司的运输能力达到每日750,000 Dth[50] - 预计2024财年和2025财年，第三方收入将达到1000万至1500万美元[49]