Overview

* National Fuel fiscal Q3 EPS of $1.64, compared to a loss from last year

* Adjusted EPS rose 66% yr/yr, driven by higher production and prices

* In Q2 Co announced a 4% dividend increase, marking 55 years of increases

Outlook

* National Fuel revises midpoint of its FY 2025 EPS guidance to $6.80-$6.95

* Company expects prelim FY 2026 EPS to increase 20% from FY 2025

* National Fuel projects FY 2026 production to rise 6% at midpoint

Result Drivers

* NATURAL GAS PRICES - Higher realized natural gas prices contributed to increased earnings in the Exploration and Production segment

* WELL PERFORMANCE - Strong well performance in the Eastern Development Area drove record natural gas production

* RATE ADJUSTMENTS - Utility segment earnings rose due to new rates in the New York rate case settlement

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $1.64

Q3 Net $149.82

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the natural gas utilities peer group is "buy"

* Wall Street's median 12-month price target for National Fuel Gas Co ( NFG ) is $98.00, about 10.4% above its July 29 closing price of $87.83

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)