Reports Q1 revenue $658.86M, consensus $602.22M. David P. Bauer, President and CEO, stated: "First, I want to share my appreciation for the exceptional performance of our employees during Winter Storm Elliott in Buffalo, NY. In the face of extreme weather conditions, they went the extra mile to ensure that safe, reliable natural gas service continued uninterrupted when it was needed most. Despite this weather challenge, National Fuel had a terrific start to FY23, with all four segments contributing to a 24% increase in adjusted operating results. Our upstream business led the way, with 11% growth in Appalachian natural gas production and the tailwind of strong natural gas pricing, driving a large portion of the increase over last year."
Published first on TheFly
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