NATIONAL FUEL GAS CO [NFG] has reported $476866.0 profit for Q4 2023 ended Q3.
The WILLIAMSVILLE, New York based company recorded net profit of $755147.0K on operating income of 755147.0. Earnings per share rose to 5.17.
In comparing the values from the current reporting period to the year over year values on the Balance Sheet, we can see that Total Assets have increased from $7,896,262 in September 2022 to $8,280,260 in September 2023. This indicates growth in the company's overall asset base. Similarly, Total Liabilities have decreased from $1,942,569 in September 2022 to $806,312 in September 2023, suggesting a reduction in the company's debt load. Total Stockholders' Equity has also increased significantly from $2,079,896 in September 2022 to $2,963,376 in September 2023, indicating an improvement in the company's financial position.
In the 12 months ended September 30, 2023, the company reported operating revenues of $2,173,771 million, representing a slight decrease compared to the previous year's revenue of $2,186,046 million. The cost of goods sold for the current reporting period was $437,595 million, higher than the previous year's cost of $392,093 million. As a result, the net income available for common stock decreased to $476,866 million from $566,021 million in the previous year. The earnings per share also declined, with basic earnings per share at $5.20 and diluted earnings per share at $5.17, compared to $6.19 and $6.15, respectively, in the previous year. The weighted average number of shares outstanding slightly increased in both the basic and diluted calculations. Overall, the company's financial performance in the current reporting period saw a decrease in revenue and net income compared to the previous year.
In comparing the values from the current reporting period to the year over year values in the Cash Flow Statement table, we can observe the following trends: