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National Fuel Gas Company (NFG+0.12%) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing includes financial statements for the quarter, showing operating revenues of $549.5 million, up from $525.4 million in the same quarter the previous year.
Operating income for the quarter was $86.2 million, down from $207.1 million in the previous year, primarily due to a non-cash impairment charge of $141.8 million.
Net income available for common stock was reported at $45.0 million, a decrease from $133.0 million in the previous year.
Earnings per common share were $0.50 basic and $0.49 diluted, compared to $1.45 basic and $1.44 diluted in the previous year.
Cash provided by operating activities was $220.1 million, while cash used in investing activities was $234.5 million.
The company reported a working capital of $464.6 million as of December 31, 2024.
The filing details various financial agreements, including a credit agreement with a syndicate of banks and a term loan agreement.
The company executed a share repurchase program, repurchasing 548,596 shares at an average price of $61.27 per share.
National Fuel Gas Company does not anticipate making contributions to its retirement plan or VEBA trusts for the remainder of fiscal 2025.
The filing also discusses regulatory matters, including rate cases in New York and Pennsylvania jurisdictions.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the National Fuel Gas Company quarterly 10-Q report dated January 30, 2025. To report an error, please email earnings@qz.com.