National Fuel Gas (NYSE: NFG) reported Q2 EPS of $1.11, $0.05 better than the analyst estimate of $1.06.

FISCAL 2018 SECOND QUARTER SUMMARY

• GAAP earnings of $91.8 million, or $1.06 per share, compared to $89.3 million, or $1.04 per share, in the prior year
• Excluding a $4.0 million, or $0.05 per share, adjustment to the initial remeasurement of deferred taxes from federal tax reform, Adjusted Operating Results were $95.8 million, or $1.11 per share (see non-GAAP reconciliation below)
• Consolidated Adjusted EBITDA of $217.9 million (non-GAAP reconciliation on page 24)
• Net natural gas and oil production of 46.1 Bcfe, up 1% from the prior year and up 15% from the first quarter
• Average natural gas prices, after the impact of hedging, of $2.52 per Mcf, down $0.44 per Mcf from the prior year
• Average oil prices, after the impact of hedging, of $58.31 per Bbl, up $5.39 per Bbl from the prior year
• Utility segment earnings increased 30% on colder weather in Pennsylvania and new rates in New York
• Due to the reduction in the fiscal 2018 federal statutory rate as a result of the 2017 Tax Reform Act, the Company realized net earnings benefit for the quarter of $10.3 million, or $0.11 per share

For earnings history and earnings-related data on National Fuel Gas (NFG) click here.