NFG FY 2022 Earnings Report — National Fuel Gas Company Revenue & Financial Results | Market Cap Arena

National Fuel Gas CompanyNFG

FY 2022 Earnings

Reported November 18, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$2.2B	—	$1.7B	—	25.4%
Op. Income	$815M	—	$640M	—	27.3%
Gross Margin	41.3%	—	43.6%	—	-2.3pp
Net Margin	25.9%	—	20.9%	—	5.0pp
EPS (Diluted)	$6.15	—	$3.97	—	54.9%
Free Cash Flow	$695.0K	—	$40M	—	-98.3%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.3B
GROSS PROFIT	$903M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$88M
Operating Expenses	$88M
Cost & Expenses	$1.4B
OPERATING INCOME	$815M
Interest Income	$0
Interest Expense	$130M
Other Income/Expenses	-$132M
INCOME BEFORE TAX	$683M
Income Tax Expense	$117M
Net Income from Continuing Ops	$566M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$566M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$566M
D&A	$370M
EBIT	$813M
EBITDA	$1.2B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.3B
GROSS PROFIT	$903M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$88M
Operating Expenses	$88M
Cost & Expenses	$1.4B
OPERATING INCOME	$815M
Interest Income	$0
Interest Expense	$130M
Other Income/Expenses	-$132M
INCOME BEFORE TAX	$683M
Income Tax Expense	$117M
Net Income from Continuing Ops	$566M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$566M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$566M
D&A	$370M
EBIT	$813M
EBITDA	$1.2B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$566M
Depreciation & Amortization	$370M
Stock-Based Compensation	$20M
Deferred Income Tax	$104M
Other Non-Cash Items	$714.0K
Change in Working Capital	-$248M
OPERATING CASH FLOW	$813M
Capital Expenditure	-$812M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$30M
Other Investing Activities	$263M
NET CASH FROM INVESTING	-$519M
Net Debt Issuance	-$99M
Common Stock Repurchased	-$10M
Common Dividends Paid	-$168M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$276M
FREE CASH FLOW	$695.0K
Net Change in Cash	$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$46M
Short-Term Investments	$0
Net Receivables	$412M
Inventory	$172M
Other Current Assets	$113M
TOTAL CURRENT ASSETS	$761M
PP&E (Net)	$6.6B
Goodwill	$5M
Intangible Assets	$0
Long-Term Investments	$95M
Tax Assets	$0
Other Non-Current Assets	$468M
TOTAL NON-CURRENT ASSETS	$7.1B
TOTAL ASSETS	$7.9B
Account Payables	$179M
Short-Term Debt	$609M
Deferred Revenue	$50M
Other Current Liabilities	$978M
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$2.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$698M
Other Non-Current Liabilities	$1.1B
TOTAL NON-CURRENT LIABILITIES	$3.9B
TOTAL LIABILITIES	$5.8B
Common Stock	$91M
Additional Paid-In Capital	$1.0B
Retained Earnings	$1.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$626M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$7.9B
Total Debt	$2.7B
Net Debt	$2.6B