National Fuel Gas Co. (NFG) reported a profit for its second quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $216.36 million, or $2.37 per share. This compares with $166.27 million, or $1.80 per share, last year.
Excluding items, National Fuel Gas Co. reported adjusted earnings of $218.33 million or $2.39 per share for the period.
Analysts on average had expected the company to earn $2.21 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 15.9% to $729.95 million from $629.94 million last year.
National Fuel Gas Co. earnings at a glance (GAAP) :
-Earnings: $216.36 Mln. vs. $166.27 Mln. last year.
-EPS: $2.37 vs. $1.80 last year.
-Revenue: $729.95 Mln vs. $629.94 Mln last year.
-Guidance:
Full year EPS guidance: $6.75 to $7.05
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