National Fuel Gas (NFG) Reports In-Line Q2 EPS; Revised FY20 EPS Mid-Point Below Consensus

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Go back to National Fuel Gas (NFG) Reports In-Line Q2 EPS; Revised FY20 EPS Mid-Point Below Consensus

National Fuel Reports Second Quarter Earnings

April 30, 2020 4:46 PM EDT

WILLIAMSVILLE, N.Y., April 30, 2020 (GLOBE NEWSWIRE) -- National Fuel Gas Company (National Fuel or the Company) (NYSE: NFG) today announced consolidated results for the second quarter of its 2020 fiscal year and for the six months ended March 31, 2020.

FISCAL 2020 SECOND QUARTER SUMMARY

GAAP net loss of $106.1 million, or $1.23 per share, compared to GAAP net income of $90.6 million, or $1.04 per share, in the prior year, which includes a $129.3 million after-tax impairment of oil and gas properties and a $56.8 million deferred tax valuation allowance described in further detail in this releaseAdjusted... More