National Fuel Gas Earnings: Here’s Why Shares are Up Now
National Fuel Gas Co. (NYSE:NFG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.03%.
National Fuel Gas Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 27.78% to $0.69 in the quarter versus EPS of $0.54 in the year-earlier quarter.
Revenue: Rose 33.8% to $440 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: National Fuel Gas Co. reported adjusted EPS income of $0.69 per share. By that measure, the company beat the mean analyst estimate of $0.65. It beat the average revenue estimate of $411.51 million.
Quoting Management: Ronald J. Tanski, President and Chief Executive Officer of National Fuel Gas Company, stated: “As we look forward to fiscal 2014, we are in a great position to achieve continued success. With our solid financial position and considerable growth opportunities, we will remain focused on developing Seneca’s oil and natural gas reserves and building out our pipeline infrastructure to get those reserves to market. We believe that these assets will produce long-term value for our shareholders.”
Key Stats (on next page)…