National Fuel Gas (NFG) FY2022 results: revenue $2.2 billion, up 25.4% on the year
National Fuel Gas Co. (NFG) reported revenue of $2.2 billion for fiscal 2022, the year ended 30 September 2022, up 25.4% on the year before. Net income was $566 million, up 55.7%, and diluted earnings per share $6.15. The figures are the company's own, from the 10-K it filed with the SEC on 18 November 2022.
Revenue
$2.2 billion
+25.4% on the year
FY2012FY2022
Operating margin
37.3%
36.7% a year earlier
FY2012FY2022
Net income
$566 million
+55.7% on the year
FY2012FY2022
Diluted EPS
$6.15
+54.9% on the year
FY2012FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
813
792
741
+2.6%
Capital expenditure
812
752
716
+8.0%
Free cash flow
0.7
39.8
24.7
-98.3%
Free cash flow margin
0.0%
2.3%
1.6%
Cash from investing
-519
-633
-1,224
Cash from financing
-276
-58.7
476
Depreciation and amortisation
370
335
306
+10.3%
Share-based compensation
19.5
17.1
14.9
+14.3%
Buybacks
0.0
n/a
n/a
Dividends paid
168
163
153
+3.1%
Dividend per share
$1.86
$1.80
$1.76
+3.3%
Diluted shares, weighted
92m
92m
88m
+0.5%
Shares outstanding at period end
91m
91m
91m
+0.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
-626
1,786
1,972
Non-controlling interest
2,706
n/a
n/a
Debt
2,692
2,787
2,660
-3.4%
Operating lease liabilities
22.9
19.6
14.8
+16.5%
Other liabilities
3,101
2,872
2,319
+8.0%
Total liabilities and equity
7,896
7,465
6,965
+5.8%
Fixed assets
6,566
6,384
5,998
+2.9%
Goodwill
5.5
5.5
5.5
0.0%
Cash and equivalents
46.0
31.5
20.5
+46.1%
Receivables
362
205
144
+76.2%
Other assets
917
838
797
+9.4%
Total assets
7,896
7,465
6,965
+5.8%
10-K for the year ended 30 September 2022, filed 18 November 2022: the filing.