National Fuel Gas Co. (NFG) Reports In-Line Q1 EPS

National Fuel Gas Co. (NYSE: NFG) reported Q1 EPS of $0.89, in-line with the analyst estimate of $0.89. Revenue for the quarter came in at $552.3 million versus the consensus estimate of $617.07 million.

The Company is updating its earnings guidance for fiscal 2012 to reflect actual results for the six months ended March 31, 2012, and a change in assumed natural gas prices for the second half of fiscal 2012. The revised GAAP earnings range is $2.30 to $2.45 per share. This includes forecast oil and gas production for fiscal 2012 for the Exploration and Production segment in the range between 81 and 90 Bcfe, hedges currently in place, and NYMEX equivalent flat commodity pricing on non-hedged volumes exclusive of basis differential of $2.25 per MMBtu for natural gas and $100 per Bbl for crude oil. (Consensus is $2.43)

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

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