National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE:NFG) today announced consolidated earnings for the first quarter of its 2013 fiscal year (the quarter ended December 31, 2012).
David F. Smith, Chairman and Chief Executive Officer of National Fuel Gas Company, stated: “Fiscal 2013 is off to a very impressive start, with the first quarter delivering strong financial and operational results across the system. Our efforts to grow our E&P and midstream businesses continue to gain momentum, and the growth that we forecasted is being delivered. The success of our recent midstream expansion initiatives, with five projects completed since the fall of 2011, is evidence of both the strategic location of our system and of our ability to efficiently conceive and construct projects that are critical to our customers’ success. In addition, the recent impressive results from our Marcellus Shale acreage in Lycoming County will help drive our increased production outlook for the years to come.
“With the remarkable success we have been achieving, we are able to raise our outlook for the remainder of this year. We’re proud of our accomplishments and remain focused on delivering long-term value to our shareholders.”
Source: Business Wire
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