Filing Flows › National Fuel Gas (NFG) › Q4 FY24
National Fuel Gas (NFG) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 22, 2024
National Fuel Gas (NFG) reported revenue of $372M for the fourth quarter fiscal 2024 (Q4 FY24), +0.8% from a year earlier and -11% from the quarter before. Operating margin was -52.8%, net loss $168M (45.1% of revenue).
National Fuel Gas, Q4 FY24: revenue $372M (+0.8% year over year), operating margin -52.8%, net loss $168M, operating cash flow $198M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $372M | -11% | +0.8% |
| Operating profit | −$197M | — | — |
| Net earnings | −$168M | — | — |
| Operating cash flow | $198M | -30% | +9% |
What changed
Revenue was $372.1M in Q4 FY24, up 1% year over year and down 11% from the previous quarter. Production of Natural Gas was the largest line at 43% of revenue.
Operating costs exceeded revenue by $196.6M, an operating margin of -52.8%. Total costs grew 133% against revenue growth of 1%. The quarter ended with a net loss of $167.6M, wider than the previous quarter's $54.2M loss.
Operating cash flow was $197.9M (up 9% year over year). Non-cash charges added back $108.8M of depreciation and amortization and $6.1M of share-based compensation. Working capital and other items added $250.6M. Capital expenditures of $247.0M exceeded it, leaving free cash flow of −$49.1M.
Questions
What was National Fuel Gas' revenue in the fourth quarter fiscal 2024?
National Fuel Gas (NFG) reported revenue of $372M for the fourth quarter fiscal 2024 (Q4 FY24), +0.8% from a year earlier and -11% from the quarter before.
Was National Fuel Gas profitable in the fourth quarter fiscal 2024?
Operating loss was $197M (-52.8% of revenue) and net loss $168M.
Source: National Fuel Gas 10-K on SEC EDGAR.