Quick Facts

National Fuel Gas Posts Higher Q2 Profit

National Fuel Gas Co. (NFG) reported net income for the second quarter of $85.7 million or $1.02 per share, compared to $67.4 million or $0.81 per share for the year-ago quarter.

Operating revenue for the second quarter rose to $597.83 million from $552.31 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.97 per share on revenue of $618.31 million for the second quarter. Analysts' estimates typically exclude special items.

The company raised its fiscal 2013 earnings guidance to a range of $2.95 to $3.10 per share from its prior guidance of $2.75 to $3.00 per share. Analysts currently expect the company to earn $2.91 per share for the fiscal year 2013.

by RTTNews Staff Writer

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