NFG Q2 2017 Earnings Report — National Fuel Gas Company Revenue & Financial Results | Market Cap Arena

National Fuel Gas CompanyNFG

Q2 2017 Earnings

Reported May 5, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2017	Q1 2017	Q2 2016	QoQ Change	YoY Change
Revenue	$522M	$423M	$449M	23.6%	16.2%
Op. Income	$170M	$172M	-$237M	-1.3%	171.7%
Gross Margin	36.9%	45.6%	40.5%	-8.7pp	-3.6pp
Net Margin	17.1%	21.0%	-32.9%	-3.9pp	50.0pp
EPS (Diluted)	$1.04	$1.04	$-1.74	0.0%	159.8%
Free Cash Flow	$105M	$39M	$26M	172.2%	301.8%

Revenue Flow

Item	Amount
REVENUE	$522M
Cost of Revenue	$330M
GROSS PROFIT	$192M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$23M
Operating Expenses	$23M
Cost & Expenses	$352M
OPERATING INCOME	$170M
Interest Income	$391.0K
Interest Expense	$30M
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$142M
Income Tax Expense	$53M
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	$57M
EBIT	$172M
EBITDA	$229M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$522M
Cost of Revenue	$330M
GROSS PROFIT	$192M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$23M
Operating Expenses	$23M
Cost & Expenses	$352M
OPERATING INCOME	$170M
Interest Income	$391.0K
Interest Expense	$30M
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$142M
Income Tax Expense	$53M
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	$57M
EBIT	$172M
EBITDA	$229M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$89M
Depreciation & Amortization	$57M
Stock-Based Compensation	$3M
Deferred Income Tax	$19M
Other Non-Cash Items	$4M
Change in Working Capital	$35M
OPERATING CASH FLOW	$207M
Capital Expenditure	-$102M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$22M
NET CASH FROM INVESTING	-$80M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$35M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$32M
FREE CASH FLOW	$105M
Net Change in Cash	$95M

Balance Sheet

Item	Amount
Cash & Equivalents	$231M
Short-Term Investments	$0
Net Receivables	$229M
Inventory	$48M
Other Current Assets	$20M
TOTAL CURRENT ASSETS	$557M
PP&E (Net)	$4.5B
Goodwill	$5M
Intangible Assets	$0
Long-Term Investments	$117M
Tax Assets	$0
Other Non-Current Assets	$606M
TOTAL NON-CURRENT ASSETS	$5.2B
TOTAL ASSETS	$5.8B
Account Payables	$111M
Short-Term Debt	$0
Deferred Revenue	$300.0K
Other Current Liabilities	$179M
TOTAL CURRENT LIABILITIES	$326M
Long-Term Debt	$2.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$837M
Other Non-Current Liabilities	$903M
TOTAL NON-CURRENT LIABILITIES	$3.8B
TOTAL LIABILITIES	$4.2B
Common Stock	$85M
Additional Paid-In Capital	$783M
Retained Earnings	$817M
Treasury Stock	$0
Accum. Other Comp. Income	-$34M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$5.8B
Total Debt	$2.1B
Net Debt	$1.9B