National Fuel Gas (NFG) Reports Acquisition of Shell's (RDS-A) Integrated Upstream & Midstream Assets in Pennsylvania

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Go back to National Fuel Gas (NFG) Reports Acquisition of Shell's (RDS-A) Integrated Upstream & Midstream Assets in Pennsylvania

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

April 30, 2020 4:56 PM EDT

National Fuel Gas (NYSE: NFG) reported Q2 EPS of $0.97, in-line with the analyst estimate of $0.97.

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 release
Adjusted operating results of $84.2 million, or $0.97 per share, compared to $92.9 million, or $1.07 per share, in the prior year (see non-GAAP reconciliation on page 2)
Adjusted EBITDA of $231.1... More