National Fuel Gas (NFG) FY2023 results: revenue $2.2 billion, down 0.6% on the year
National Fuel Gas Co. (NFG) reported revenue of $2.2 billion for fiscal 2023, the year ended 30 September 2023, down 0.6% on the year before. Net income was $477 million, down 15.8%, and diluted earnings per share $5.17. The figures are the company's own, from the 10-K it filed with the SEC on 17 November 2023.
Revenue
$2.2 billion
-0.6% on the year
FY2016FY2023
Operating margin
34.7%
37.3% a year earlier
FY2016FY2023
Net income
$477 million
-15.8% on the year
FY2016FY2023
Diluted EPS
$5.17
-15.9% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,237
813
792
+52.3%
Capital expenditure
1,010
812
752
+24.4%
Free cash flow
227
0.7
39.8
+32,591.7%
Free cash flow margin
10.5%
0.0%
2.3%
Cash from investing
-1,112
-519
-633
Cash from financing
-207
-276
-58.7
Depreciation and amortisation
410
370
335
+10.8%
Share-based compensation
20.6
19.5
17.1
+5.8%
Buybacks
0.0
0.0
n/a
Dividends paid
176
168
163
+4.7%
Dividend per share
$1.94
$1.86
$1.80
+4.3%
Diluted shares, weighted
92m
92m
92m
+0.2%
Shares outstanding at period end
92m
91m
91m
+0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
-55.1
-626
1,786
Non-controlling interest
3,018
2,706
n/a
+11.6%
Debt
2,672
2,692
2,787
-0.8%
Operating lease liabilities
29.5
22.9
19.6
+29.0%
Other liabilities
2,615
3,101
2,872
-15.7%
Total liabilities and equity
8,280
7,896
7,465
+4.9%
Fixed assets
7,300
6,566
6,384
+11.2%
Goodwill
5.5
5.5
5.5
0.0%
Cash and equivalents
55.4
46.0
31.5
+20.4%
Receivables
161
362
205
-55.6%
Other assets
759
917
838
-17.2%
Total assets
8,280
7,896
7,465
+4.9%
10-K for the year ended 30 September 2023, filed 17 November 2023: the filing.