Tag Archives: earnings

National Fuel Gas dividend rises

43 straight years and counting. For each of those years, National Fuel has increased its annual dividend for shareholders. It has paid dividends for 111 consecutive years!

Members of the national Fuel Gas Company Board of Directors approved a 2.7 percent increase in the dividend on the Company’s common stock Thursday, raising the quarterly rate from 36.5 cents per share as approved in June 2012 to37.5 cents per share for an annual rate of $1.50 per share.

For the record, National Fuel has been a member of The Business Council for 46 years.

National Fuel 1Q profit up nearly 12%

national-fuel-gas-co-logoNational Fuel Gas Co. reported after the market closed Thursday that net income rose 11.8 percent in the first quarter.

Earnings climbed to $67.9 million, or 81 cents per share, compared to $60.7 million, or 73 cents per share, a year ago.

Operating revenues rose 4.7 percent to $452.9 million from $432.4 million last year.

The Williamsville-based energy company (NYSE: NFG) cited higher earnings in its utility and pipeline and storage segments, and the “all other” category.

The results topped analysts’ EPS expectations of 76 cents but came up short on projected revenue of $482.6 million.

The company has revised its 2013 earnings to a range of $2.75 to $3 per share, up from $2.65 to $2.95 per share.

David F. Smith, National Fuel’s Chairman and CEO, is Chairman of The Business Council’s Board of Directors.