National Fuel Gas Q1 Earnings Beat Estimates, Gas Production Up

National Fuel Gas Company NFG reported first-quarter fiscal 2026 adjusted operating earnings of $2.06 per share, which beat the Zacks Consensus Estimate of $1.91 by 7.85%. The bottom line also increased 24.1% from the year-ago quarter’s reported figure of $1.66.GAAP earnings for the quarter were $1.98 per share, up 304.1% from 49 cents in the year-ago quarter.NFG’s Total RevenuesNFG reported sales of $651.5 million, which beat the Zacks Consensus Estimate of $647 million by 0.7%. The top line also increased 18.6% from the prior-year recorded figure of $549.5 million.The year-over-year increase in revenues was due to strong contributions from all segments.National Fuel Gas Company Price, Consensus and EPS Surprise National Fuel Gas Company price-consensus-eps-surprise-chart | National Fuel Gas Company QuoteNFG’s Segmental RevenuesUtility: Revenues totaled $259.05 million, up 13.4% from $228.4 million in the year-ago quarter.Integrated upstream and Gathering and Other: Revenues totaled $323.2 million, up 28.1% from $252.4 million in the year-ago quarter.Pipeline and Storage: Revenues amounted to $69.2 million, reflecting a 0.6% increase from $68.8 million recorded in the year-ago quarter.Highlights of NFG’s Q1 ReleaseTotal operating expenses were $375.4 million, down 18.9% from $463.3 million in the year-ago quarter.Operating income totaled $276.1 million, up 220.3% from $86.2 million in the year-ago quarter. Interest expense on long-term debt totaled $33.5 million compared with $33.4 million in the year-ago quarter.During the fiscal first quarter, Seneca produced 109 billion cubic feet (Bcf) of natural gas, reflecting an increase of 11 Bcf, or 12%, from the prior-year level. The year-over-year increase in production volumes was due to new Utica pads turned in line in Tioga County.NFG’s Q1 Financial HighlightsAs of Dec. 31, 2025, National Fuel Gas had cash and temporary cash investments of $271.4 million compared with $43.2 million as of Sept. 30, 2025.Net cash provided by operating activities for first-quarter fiscal 2026 totaled $274.9 million compared with $220.1 million in the previous year quarter.NFG’s GuidanceNational Fuel Gas reiterated guidance for adjusted earnings per share for fiscal 2026 between $7.60 and $8.10.  The acquisition of CenterPoint Energy’s Ohio natural gas utility business is expected to close in fourth-quarter fiscal 2026 and is not anticipated to affect fiscal 2026 guidance.The company expects capital expenditure for fiscal 2026 to be in the $0.96-$1.07 billion range.Production for fiscal 2026 is expected to be in the range of 440-455 Bcf.NFG’s Zacks RankNational Fuel Gas currently carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Upcoming ReleasesTotalEnergies SE TTE to report fourth-quarter 2025 earnings per share on Feb. 11, 2026, and the Zacks Consensus Estimate is pegged at $1.80s, which indicates an increase of 5.88% in the past 60 days.TTE’s long-term (three to five years) earnings growth rate is currently pinned at 2.66%. The Zacks Consensus Estimate for 2025 EPS is pegged at $7.15, indicating an increase of 0.7% in the past 60 days. Devon Energy Corp. DVN to report fourth-quarter 2025 earnings per share on Feb. 17, 2026, and the Zacks Consensus Estimate is pegged at 86 cents, which implies a decline of 4.4% in the past 60 days. DVN’s long-term earnings growth rate is currently pinned at 3.28%. The Zacks Consensus Estimate for 2025 EPS is pegged at $3.94, indicating a decline of 1.25% in the past 60 days. ONEOK Inc. OKE to report fourth-quarter 2025 earnings per share on Feb. 23, 2026, and the Zacks Consensus Estimate is pegged at $1.48, which indicates a decline of 2.63% in the past 60 days. OKE’s long-term earnings growth rate is currently pinned at 3.06%. The Zacks Consensus Estimate for 2025 EPS is pegged at $5.31, indicating a decline of 0.56% in the past 60 days. #1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Devon Energy Corporation (DVN): Free Stock Analysis Report ONEOK, Inc. (OKE): Free Stock Analysis Report National Fuel Gas Company (NFG): Free Stock Analysis Report TotalEnergies SE Sponsored ADR (TTE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks