National Fuel Gas ( (NFG) ) has released its Q4 earnings. Here is a breakdown of the information National Fuel Gas presented to its investors.
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National Fuel Gas Company, based in Williamsville, NY, operates as an integrated energy company with segments in exploration and production, pipeline and storage, gathering, and utility services, primarily focused on natural gas in the Appalachian region.
In its latest financial report for the fourth quarter and full fiscal year of 2024, National Fuel Gas announced a GAAP net loss of $167.6 million, primarily due to significant non-cash impairment charges. Despite this, the company reported adjusted operating results of $70.5 million for the quarter, showcasing resilience in its core operations.
Key financial highlights include a 54th consecutive dividend increase and substantial hedging-related gains in its exploration and production segment. The utility segment also filed a joint proposal for a rate increase in New York, potentially enhancing future revenue streams. The pipeline and storage segment saw a revenue increase due to a rate case settlement, while the gathering segment reported a rise in throughput and revenues.
Looking ahead, National Fuel Gas projects its fiscal 2025 adjusted operating results to range between $5.50 and $6.00 per share, accounting for anticipated lower natural gas prices. The company remains focused on strategic projects and operational efficiencies to drive long-term growth and shareholder value.
