National Fuel Gas Co. (NFG) shares surged 5.35% in pre-market trading on Thursday, following the company's better-than-expected first quarter fiscal 2025 earnings results and raised full-year guidance.
For the quarter ended December 31, 2024, NFG reported adjusted earnings per share of $1.66, beating the consensus estimate of $1.53. However, revenue of $549.48 million missed expectations but grew 4.6% year-over-year.
Driven by higher forecasted natural gas prices and improved outlook across segments, NFG raised its fiscal 2025 adjusted EPS guidance to the range of $6.50-$7.00 from the previous $5.50-$6.00. The company also increased its production guidance for the year.
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