National Fuel Gas Co. (NFG) Releases Earnings Results, Beats Expectations By $0.03 EPS

National Fuel Gas Co. (NFG) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.68 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.65. The company posted revenue of $335.60 million in the period, compared to analysts expectations of $388.67 million. The company’s revenue was down -1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

National Fuel Gas Co. closed down -0.24 points or -0.43% at $55.28 with 2,04,270 shares getting traded on Tusday. Post opening the session at $55.61, the shares hit an intraday low of $54.95 and an intraday high of $55.75 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 27, 2016, Paula M Ciprich (Sr VP, Gen Counsel & Sec) sold 15,000 shares at $56.05 per share price. According to the SEC, on Mar 21, 2016, John R Pustulka (Chief Operating Officer) sold 9,600 shares at $50.31 per share price. On Mar 10, 2016, David F Smith (director) sold 45,000 shares at $48.23 per share price, according to the Form-4 filing with the securities and exchange commission.

National Fuel Gas Company is a holding company. The Company is an energy company engaged in the production gathering transportation distribution and marketing of natural gas. The Company operates through five segments: Exploration and Production including operations carried out through its subsidiary Seneca Resources Corporation; Pipeline and Storage including operations carried out through its subsidiaries National Fuel Gas Supply Corporation and Empire Pipeline Inc.; Gathering including operations carried out through subsidiaries of National Fuel Gas Midstream Corporation; Utility including operations are carried out by through its subsidiary Distribution Corporation and Energy Marketing including operations carried out through its subsidiary National Fuel Resources Inc. The Company operates an integrated business with assets centered in western New York and Pennsylvania. The Company also develops and produces oil reserves primarily in California.

National Fuel Gas Co.

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