National Fuel Gas Shares Preliminary FY25 EPS Guidance Of $5.75-$6.25 Vs $6.29 Est.
Portfolio Pulse from Benzinga Newsdesk
National Fuel Gas (NFG) has issued preliminary fiscal 2025 earnings guidance of $5.75-$6.25 per share, compared to the $6.29 estimate. The company expects modest long-term production growth and reduced capital expenditures in its non-regulated segments, driven by higher natural gas prices. Regulated segments are projected to see revenue growth due to recent rate cases and continued investments in system modernization. Overall, NFG anticipates stable and predictable returns for shareholders.
July 31, 2024 | 8:54 pm
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National Fuel Gas (NFG) has issued preliminary fiscal 2025 earnings guidance of $5.75-$6.25 per share, compared to the $6.29 estimate. The company expects modest long-term production growth and reduced capital expenditures in its non-regulated segments, driven by higher natural gas prices. Regulated segments are projected to see revenue growth due to recent rate cases and continued investments in system modernization.
The preliminary earnings guidance for fiscal 2025 is slightly below the estimate but still represents a significant increase from the revised fiscal 2024 guidance. The company's strategy of focusing on higher natural gas prices, reduced capital expenditures, and revenue growth from rate cases is likely to positively impact its stock price in the short term.
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