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Last $53.96 USD
Change Today -0.41 / -0.75%
Volume 593.7K
NFG On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

national fuel gas co (NFG) Snapshot

Open
$54.21
Previous Close
$54.37
Day High
$54.27
Day Low
$53.38
52 Week High
09/2/14 - $77.05
52 Week Low
08/24/15 - $50.82
Market Cap
4.6B
Average Volume 10 Days
510.9K
EPS TTM
$3.21
Shares Outstanding
84.6M
EX-Date
06/26/15
P/E TM
16.8x
Dividend
$1.58
Dividend Yield
2.87%
Current Stock Chart for NATIONAL FUEL GAS CO (NFG)

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national fuel gas co (NFG) Details

National Fuel Gas Company operates as a diversified energy company in the United States. Its Utility segment sells natural gas or provides natural gas transportation services to approximately 737,800 customers in Buffalo, Niagara Falls, and Jamestown, New York; and Erie and Sharon, Pennsylvania. The company’s Exploration and Production segment explores for, develops, and produces natural gas and oil reserves in California in the Appalachian region of the United States, and in Kansas. As of September 30, 2014, this segment had proved developed and undeveloped reserves of 38,477 thousand barrels of oil and 1,682,884 million cubic feet of natural gas. Its Energy Marketing segment markets natural gas to industrial, wholesale, commercial, public authority, and residential customers primarily in Western and Central New York and Northwestern Pennsylvania. The company’s Pipeline and Storage segment provides interstate natural gas transportation and storage services through an integrated gas pipeline system extending from Southwestern Pennsylvania to the New York-Canadian border, and eastward to Ellisburg and Leidy, Pennsylvania; and owns and operates 27 underground natural gas storage fields, as well as four other underground natural gas storage fields. This segment also transports natural gas for Distribution Corporation, as well as for other utilities, industrial customers, and power producers in New York State; and owns and operates the Empire Pipeline, a 249-mile integrated pipeline system. Its Gathering segment builds, owns, and operates natural gas processing and pipeline gathering facilities in the Appalachian region. As of September 30, 2014, the company also owned approximately 93,000 acres of timber property and manages an additional 3,000 acres of timber cutting rights. National Fuel Gas Company was founded in 1902 and is based in Williamsville, New York.

2,010 Employees
Last Reported Date: 11/21/14
Founded in 1902

national fuel gas co (NFG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $845.6K
Principal Financial Officer and Treasurer
Total Annual Compensation: $343.5K
Senior Vice President and President of Seneca...
Total Annual Compensation: $617.5K
Senior Vice President and President of Nation...
Total Annual Compensation: $518.8K
President of National Fuel Gas Supply Corpora...
Total Annual Compensation: $500.5K
Compensation as of Fiscal Year 2014.

national fuel gas co (NFG) Key Developments

National Fuel Gas Company Announces Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended June 30, 2015; Revises Earnings Guidance for the Full Year of 2015; Provides Earnings Guidance for the Full Year of 2016

National Fuel Gas Company announced unaudited consolidated earnings and production results for the third quarter and nine months ended June 30, 2015. For the quarter, the company reported operating revenues of $339,815,000 compared to $440,144,000 a year ago. Operating loss was $489,214,000 compared to operating income of $127,013,000 a year ago. Loss before income taxes was $510,041,000 compared to income before income taxes of $105,627,000 a year ago. Net loss available for common stock was $293,134,000 or $3.44 per diluted share compared to net income available for common stock of $64,520,000 or $0.76 per diluted share a year ago. Adjusted EBITDA was $179,363,000 compared to $219,661,000 a year ago. The decrease in net result was mainly due to lower earnings in the Exploration and Production segment, largely due to a $339.8 million non-cash charge to write down the value of Seneca Resources Corporation's oil and natural gas reserves. Excluding Seneca's writedown and other items impacting comparability, consolidated earnings before items impacting comparability (Operating Results) for the third quarter were $46.7 million, or $0.55 per share, compared to $61.8 million, or $0.73 per share, in the prior year's third quarter. For the nine months, the company reported operating revenues of $1,459,851,000 compared to $1,746,458,000 a year ago. Operating loss was $284,321,000 compared to operating income of $467,669,000 a year ago. Loss before income taxes was $348,334,000 compared to income before income taxes of $404,610,000 a year ago. Net loss available for common stock was $191,724,000 or $2.25 per diluted share compared to net income available for common stock of $241,983,000 or $2.85 per diluted share a year ago. Net cash provided by operating activities was $712,636,000 compared to $725,569,000 a year ago. Capital expenditures were $718,965,000 compared to $609,427,000 a year ago. Adjusted EBITDA was $690,037,000 compared to $748,407,000 a year ago. The decrease in net result mainly due to lower earnings in the Exploration and Production segment, largely due to $409.3 million of non-cash charges to write down the value of Seneca's oil and natural gas reserves. Operating Results for the nine months ended June 30, 2015, were $217.6 million, or $2.55 per share, compared to $241.9 million, or $2.86 per share, in the same period of the prior year. For the quarter, the company reported gas production of 31,637 MMcf compared to 35,874 MMcf a year ago. Oil production was 759,000 Barrels compared to 783,000 Barrels a year ago. Total production was 36,191 Mmcfe compared to 40,572 Mmcfe a year ago. For the quarter, the company reported gas production of 106,596 MMcf compared to 101,043 MMcf a year ago. Oil production was 2,256,000 Barrels compared to 2,253,000 Barrels a year ago. Total production was 120,132 Mmcfe compared to 114,561 Mmcfe a year ago. The company is updating and narrowing its earnings guidance range for fiscal 2015 to a range of $2.90 to $3.00 per share exclusive of any ceiling test impairment charges. The previous earnings guidance had been a range of $2.75 to $2.90 per share. This guidance reflects actual third quarter results, forecast oil and gas production for fiscal 2015 of 155 to 160 Bcfe (previous guidance range was 155 to 175 Bcfe), a full year DD&A rate for the Company's Exploration and Production segment of $1.55 per Mcfe (previous range of $1.55 to $1.65 per Mcfe), firm sales and hedges currently in place, and a flat NYMEX price of $2.75 per MMBtu for natural gas and $50 per Bbl for crude oil for unhedged production for the remainder of the fiscal year. At the midpoint, the decrease in production is attributable to price related curtailments experienced during the third quarter and an assumption that the Company does not sell any natural gas production in the spot market during the fourth quarter. The company's preliminary earnings guidance for fiscal 2016 is in the range of $3.00 to $3.30 per share, exclusive of any ceiling test impairment charges.

National Fuel Gas Company, Q3 2015 Earnings Call, Aug 07, 2015

National Fuel Gas Company, Q3 2015 Earnings Call, Aug 07, 2015

National Fuel Gas Company Elects Joseph N. Jaggers as New Director for Corporate Board

Members of the National Fuel Gas Company Board of Directors elected Joseph N. Jaggers as a new director. His term began on June 11. Joseph N. Jaggers is President, Chief Executive Officer and Chairman of Jagged Peak Energy LLC.

 

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Industry Analysis

NFG

Industry Average

Valuation NFG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.5x
Price/Book 2.0x
Price/Cash Flow 19.6x
TEV/Sales 1.2x
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