National Fuel Gas ( (NFG) ) has released its Q2 earnings. Here is a breakdown of the information National Fuel Gas presented to its investors.
National Fuel Gas Company, a diversified energy company operating in the natural gas sector, has reported its second quarter earnings for fiscal year 2025, showcasing significant growth across its various segments. The company operates through four main segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility, with a strong presence in the Appalachian region.
In its latest earnings report, National Fuel Gas Company announced a GAAP net income of $216 million, translating to $2.37 per share, marking a 32% increase per share compared to the previous year. The adjusted operating results were slightly higher at $218 million or $2.39 per share, reflecting a 34% increase per share year-over-year. The company’s Seneca Resources unit achieved record natural gas production, driven by strong performance in the Eastern Development Area.
Key financial highlights include a 44% increase in net income for the Utility segment, attributed to a rate settlement in New York, and a 5% increase in net income for the Pipeline & Storage segment. The company also issued $1 billion in new notes to refinance existing debt, resulting in a minor after-tax loss. National Fuel Gas has raised its fiscal 2025 adjusted earnings guidance, now expecting earnings per share between $6.75 and $7.05.
Looking ahead, National Fuel Gas Company remains optimistic about its growth prospects, supported by its integrated natural gas business model and strategic investments in infrastructure modernization. The company is well-positioned to navigate economic uncertainties while continuing to deliver value to shareholders.