Consensus is for FY23 EPS $5.83. The company said, "National Fuel is revising its FY23 earnings guidance to reflect the results of the Q1, along with updated forecast assumptions and projections. The Company is now projecting that earnings will be within the range of $5.35-$5.75 per share, a decrease of $1.10 per share from the midpoint of the Company’s prior guidance range. The decrease from the Company’s prior earnings guidance primarily reflects the impact of lower natural gas price expectations, as the rest of the Company’s assumptions and projections are largely unchanged. The Company is now assuming that NYMEX natural gas prices will average $3.25 per MMBtu for the remainder of FY23, a decrease of $1.92 per MMBtu from the $5.17 per MMBtu average assumed in the previous guidance over the remaining nine months of the fiscal year. For guidance purposes, the Company’s updated natural gas price projections approximate the current NYMEX forward curve and consider the impact of local sales point differentials and new physical firm sales, transportation, and financial hedge contracts. The Exploration and Production segment’s FY23 net production guidance range of 370 to 390 Bcfe remains unchanged. Seneca currently has firm sales contracts in place for approximately 90% of its projected remaining FY23 production, limiting its exposure to in-basin markets. Approximately 68% of Seneca’s expected remaining production is either matched by a financial hedge, including a combination of swaps and no-cost collars, or was entered into at a fixed price."
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