AP NEWS

National Fuel Gas: Fiscal 1Q Earnings Snapshot

January 30, 2020 GMT

WILLIAMSVILLE, N.Y. (AP) _ National Fuel Gas Co. (NFG) on Thursday reported fiscal first-quarter net income of $86.6 million.

On a per-share basis, the Williamsville, New York-based company said it had net income of $1. Earnings, adjusted for non-recurring costs, came to $1.01 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.

The energy company posted revenue of $444.2 million in the period.

National Fuel Gas expects full-year earnings to be $2.95 to $3.15 per share.

National Fuel Gas shares have fallen roughly 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $42.01, a drop of 27% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NFG at https://www.zacks.com/ap/NFG