Stock Track | National Fuel Gas Plunges as Earnings Miss Expectations

Stock Track

2024/11/07

Shares of National Fuel Gas Co. (NFG) plummeted by 5.11% on Wednesday after the company reported disappointing quarterly results, falling short of analysts' expectations.

For the quarter ended September 30, 2024, National Fuel Gas reported adjusted earnings per share of $0.77, missing the consensus estimate of $0.84 from Wall Street analysts. This also marks a decline from the same quarter last year, when the company posted EPS of $0.78.

Revenue for the quarter rose 0.8% year-over-year to $372.07 million, but fell significantly short of the $524.69 million analysts had anticipated. The company also reported a net loss of $167.62 million, or $1.84 per share.

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(NFG) plummeted by 5.11% on Wednesday after the company reported disappointing quarterly results, falling short of analysts' expectations.</p>\n\n<p>For the quarter ended September 30, 2024, National Fuel Gas reported adjusted earnings per share of $0.77, missing the consensus estimate of $0.84 from Wall Street analysts. This also marks a decline from the same quarter last year, when the company posted EPS of $0.78.</p>\n\n<p>Revenue for the quarter rose 0.8% year-over-year to $372.07 million, but fell significantly short of the $524.69 million analysts had anticipated. 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