National Fuel Gas Co. (NFG) reported earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $44.99 million, or $0.49 per share. This compares with $133.02 million, or $1.44 per share, last year.
Excluding items, National Fuel Gas Co. reported adjusted earnings of $151.94 million or $1.66 per share for the period.
Analysts on average had expected the company to earn $1.56 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.6% to $549.48 million from $525.36 million last year.
National Fuel Gas Co. earnings at a glance (GAAP) :
-Earnings: $44.99 Mln. vs. $133.02 Mln. last year.
-EPS: $0.49 vs. $1.44 last year.
-Revenue: $549.48 Mln vs. $525.36 Mln last year.
-Guidance:
Full year EPS guidance: $6.50 to $7.00
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