Filing Flows › National Fuel Gas (NFG) › Q2 FY25
National Fuel Gas (NFG) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 1, 2025
National Fuel Gas (NFG) reported revenue of $730M for the second quarter fiscal 2025 (Q2 FY25), +16% from a year earlier and +33% from the quarter before. Operating margin was 43.5%, net earnings $216M (29.6% of revenue).
National Fuel Gas, Q2 FY25: revenue $730M (+16% year over year), operating margin 43.5%, net earnings $216M, operating cash flow $254M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $730M | +33% | +16% |
| Operating profit | $317M | +268% | +27% |
| Net earnings | $216M | +381% | +30% |
| Operating cash flow | $254M | +15% | -20% |
| Free cash flow | $59.9M | — | -25% |
What changed
Revenue was $730.0M in Q2 FY25, up 16% year over year and up 33% from the previous quarter. Production of Natural Gas was the largest line at 44% of revenue. Production of Natural Gas added $115.2M year over year (up 57%), 115% of the total change. Production of Crude Oil declined 25%.
Operating profit was $317.3M, a 43.5% margin (up 3.7 points year over year). Of the extra revenue versus a year earlier, 67% reached operating profit, above the 40% margin then. Total costs grew 9% against revenue growth of 16%. The fastest-growing cost line was Cost of revenue (+28%). Net earnings were $216.4M, up 30% year over year. The effective tax rate was 24.8%.
Operating cash flow was $253.8M (down 20% year over year), 117% of net earnings. Non-cash charges added back $111.3M of depreciation and amortization and $5.8M of share-based compensation. Working capital and other items used $79.6M. Capital expenditures of $193.8M left free cash flow of $59.9M.
Questions
What was National Fuel Gas' revenue in the second quarter fiscal 2025?
National Fuel Gas (NFG) reported revenue of $730M for the second quarter fiscal 2025 (Q2 FY25), +16% from a year earlier and +33% from the quarter before.
Was National Fuel Gas profitable in the second quarter fiscal 2025?
Operating profit was $317M (43.5% of revenue) and net earnings $216M.
Source: National Fuel Gas 10-Q on SEC EDGAR.