National Fuel raises FY2025 EPS guidance to $6.50-$7.00 despite $104.6M impairment charge
National Fuel Gas reported fiscal first-quarter 2025 results for the quarter ended December 31, 2024. GAAP net income fell to $45.0 million ($0.49 per share) from $133.0 million ($1.44 per share) after $104.6 million in after-tax impairment charges in its Exploration & Production segment, while adjusted operating results rose 14% to $151.9 million ($1.66 per share). The company raised its fiscal 2025 adjusted EPS guidance to $6.50 to $7.00 from $5.50 to $6.00, citing higher forecasted natural gas prices.
Key points
- GAAP net income of $45.0 million, or $0.49 per share, versus $133.0 million, or $1.44 per share, a year earlier
- Impairment charges of $104.6 million after tax, mainly a full cost ceiling test write-down at Seneca
- Adjusted operating results of $151.9 million, or $1.66 per share, up 14% from the prior year
- Fiscal 2025 adjusted EPS guidance raised to $6.50 to $7.00 from $5.50 to $6.00; NYMEX gas price assumption raised to $3.50 per MMBtu from $2.80
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 30, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.