Last $66.66 USD
Change Today -0.40 / -0.60%
Volume 866.6K
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As of 8:04 PM 10/17/14 All times are local (Market data is delayed by at least 15 minutes).

national fuel gas co (NFG) Key Developments

National Fuel Declares Quarterly Dividend, Payable Oct. 15, 2014

National Fuel Gas Company announced that its board of directors approved payment of a regular quarterly dividend of 38.5 cents per share on the company's common stock. The dividend is payable Oct. 15, 2014, to shareholders of record at the close of business on Sept. 30, 2014. The company has approximately 84.1 million shares of common stock outstanding. It has no preferred stock outstanding.

National Fuel Gas Company Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014; Revised Earnings Guidance for the Full Year of 2014; Provides Production Guidance for the Fiscal 2014 and 2015; Provides Earnings Guidance for 2015

National Fuel Gas Company reported unaudited earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported operating income of $127,013,000, income before income taxes of $105,627,000, net income available for common stock was $64,520,000 or $0.76 diluted per share on operating revenues of $440,144,000 against operating income of $127,004,000, income before income taxes of $104,183,000, net income available for common stock was $58,495,000 or $0.69 diluted per share on operating revenues of $440,008,000 for the same period a year ago. Adjusted EBITDA was $219,661,000 against $215,146,000 for the same period a year ago. For the nine months, the company reported operating income of $467,669,000, income before income taxes of $404,610,000, net income available for common stock was $241,983,000 or $2.85 diluted per share on operating revenues of $1,746,458,000 against operating income of $421,202,000, income before income taxes of $356,582,000, net income available for common stock was $212,159,000 or $2.52 diluted per share on operating revenues of $1,490,688,000 for the same period a year ago. Net cash provided by operating activities was $725,569,000 against $587,233,000 for the same period a year ago. Capital expenditures were $609,427,000 against $513,399,000 for the same period a year ago. Adjusted EBITDA was $748,407,000 against $661,705,000 for the same period a year ago. The company is updating and narrowing its GAAP earnings guidance range for fiscal 2014 to a range of $3.40 to $3.50 per share. The previous earnings guidance had been a range of $3.40 to $3.55 per share. The capital expenditures and dividend will exceed cash from operations by about $175 million to $200 million in fiscal 2014. This guidance includes forecast oil and gas production for fiscal 2014 in the range between 160 to 168 Bcfe (previous guidance 155 to 165 Bcfe), hedges currently in place and a flat NYMEX price of $4.00 per MMBtu for natural gas and $95 per Bbl for crude oil for unhedged production for the remainder of the fiscal year. The company's preliminary GAAP earnings guidance for fiscal 2015 is in the range of $3.30 to $3.60 per share. The fiscal 2015 earnings guidance includes oil and gas production for the Exploration and Production segment in the range of 180 to 220 Bcfe and is based on an assumed flat NYMEX price of $4.25 per MMBtu for natural gas and $95 per Bbl for crude oil.

National Fuel Gas Company Presents at The Enercom Oil & Gas Conference, Aug-20-2014 11:20 AM

National Fuel Gas Company Presents at The Enercom Oil & Gas Conference, Aug-20-2014 11:20 AM. Venue: The Westin Denver Downtown, 1672 Lawrence St, Denver, Colorado, United States.

National Fuel Gas Company, Q3 2014 Earnings Call, Aug 08, 2014

National Fuel Gas Company, Q3 2014 Earnings Call, Aug 08, 2014

National Fuel Gas Company Amends By-Laws

On June 12, 2014, the Board of Directors of National Fuel Gas Company amended the company’s By-Laws, effective as of that date. The Board amended the final sentence of Article II Section 1 of the By-Laws to remove restrictions on third party compensation of candidates for election to the Board. Third party compensation of members of the Board remains prohibited, subject to the exception set in that Section. The Board also adopted a resolution expressing the Board’s intent to ask the company’s stockholders to ratify, approve and adopt Article II Section 1 of the By-Laws at the next meeting of the company’s stockholders.

 

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