National Fuel Gas (NFG) FY2024 results: revenue $1.9 billion, down 10.5% on the year
National Fuel Gas Co. (NFG) reported revenue of $1.9 billion for fiscal 2024, the year ended 30 September 2024, down 10.5% on the year before. Net income was $78 million, down 83.7%, and diluted earnings per share $0.84. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2024.
Revenue
$1.9 billion
-10.5% on the year
FY2017FY2024
Operating margin
10.8%
34.7% a year earlier
FY2017FY2024
Net income
$78 million
-83.7% on the year
FY2017FY2024
Diluted EPS
$0.84
-83.8% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,066
1,237
813
-13.8%
Capital expenditure
931
1,010
812
-7.8%
Free cash flow
135
227
0.7
-40.7%
Free cash flow margin
6.9%
10.5%
0.0%
Cash from investing
-934
-1,112
-519
Cash from financing
-149
-207
-276
Depreciation and amortisation
457
410
370
+11.6%
Share-based compensation
22.1
20.6
19.5
+7.0%
Buybacks
64.1
0.0
0.0
Dividends paid
184
176
168
+4.4%
Dividend per share
$2.02
$1.94
$1.86
+4.1%
Diluted shares, weighted
92m
92m
92m
+0.1%
Shares outstanding at period end
91m
92m
91m
-0.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
-15.5
-55.1
-626
Non-controlling interest
2,864
3,018
2,706
-5.1%
Debt
2,779
2,672
2,692
+4.0%
Operating lease liabilities
32.6
29.5
22.9
+10.5%
Other liabilities
2,660
2,615
3,101
+1.7%
Total liabilities and equity
8,320
8,280
7,896
+0.5%
Fixed assets
7,339
7,300
6,566
+0.5%
Goodwill
5.5
5.5
5.5
0.0%
Cash and equivalents
38.2
55.4
46.0
-31.1%
Receivables
127
161
362
-20.8%
Other assets
810
759
917
+6.7%
Total assets
8,320
8,280
7,896
+0.5%
10-K for the year ended 30 September 2024, filed 22 November 2024: the filing.