National Fuel Gas Lowers FY23 Outlook on Lower Natural-Gas Prices -- Market Talk
Dow Jones
National Fuel Gas lowers its outlook for the remainder of FY23 given the decline in natural-gas prices. The natural-gas producer and distributor guides for EPS between $5.35 and $5.75, down from its prior forecast between $6.40 and $6.90. The company also says it's now assuming that the Nymex natural gas prices will average $3.25 per MMBtu for the remainder of FY23, down from $5.17 per MMBtu average in its prior assumption. Shares rise 1.4% after hours.