NFG Q1 2017 Earnings Report — National Fuel Gas Company Revenue & Financial Results | Market Cap Arena

National Fuel Gas CompanyNFG

Q1 2017 Earnings

Reported February 3, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2017	Q4 2016	Q1 2016	QoQ Change	YoY Change
Revenue	$423M	$292M	—	44.5%	—
Op. Income	$172M	$81M	—	111.9%	—
Gross Margin	45.6%	45.7%	—	-0.2pp	—
Net Margin	21.0%	12.8%	—	8.2pp	—
EPS (Diluted)	$1.04	$0.44	—	136.4%	—
Free Cash Flow	$39M	$29M	—	32.0%	—

Revenue Flow

Item	Amount
REVENUE	$423M
Cost of Revenue	$230M
GROSS PROFIT	$193M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$20M
Operating Expenses	$20M
Cost & Expenses	$250M
OPERATING INCOME	$172M
Interest Income	$2M
Interest Expense	$30M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$145M
Income Tax Expense	$56M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$56M
EBIT	$175M
EBITDA	$232M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$423M
Cost of Revenue	$230M
GROSS PROFIT	$193M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$20M
Operating Expenses	$20M
Cost & Expenses	$250M
OPERATING INCOME	$172M
Interest Income	$2M
Interest Expense	$30M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$145M
Income Tax Expense	$56M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$56M
EBIT	$175M
EBITDA	$232M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$89M
Depreciation & Amortization	$56M
Stock-Based Compensation	$2M
Deferred Income Tax	$45M
Other Non-Cash Items	$5M
Change in Working Capital	-$53M
OPERATING CASH FLOW	$145M
Capital Expenditure	-$106M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$105M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$34M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$34M
FREE CASH FLOW	$39M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$136M
Short-Term Investments	$0
Net Receivables	$228M
Inventory	$61M
Other Current Assets	$20M
TOTAL CURRENT ASSETS	$468M
PP&E (Net)	$4.5B
Goodwill	$5M
Intangible Assets	$0
Long-Term Investments	$115M
Tax Assets	$0
Other Non-Current Assets	$588M
TOTAL NON-CURRENT ASSETS	$5.2B
TOTAL ASSETS	$5.7B
Account Payables	$113M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$164M
TOTAL CURRENT LIABILITIES	$306M
Long-Term Debt	$2.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$803M
Other Non-Current Liabilities	$897M
TOTAL NON-CURRENT LIABILITIES	$3.8B
TOTAL LIABILITIES	$4.1B
Common Stock	$85M
Additional Paid-In Capital	$776M
Retained Earnings	$763M
Treasury Stock	$0
Accum. Other Comp. Income	-$55M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$5.7B
Total Debt	$2.1B
Net Debt	$2.0B