National Fuel Gas Company (NYSE:NFG) Q1 2023 Earnings Call Transcript

Justin Loweth: Yes, absolutely. So we are not — while we’ve spoken to and I’ve mentioned this on a number of calls that our longer-term plans envision continued growth in kind of the mid to single digits at least for the — call the near to intermediate term, that’s not something that we can’t evolve and so we’re going to be very mindful of the price environment. We’re going to try to really balance capital efficiency, growth and free cash flow generation. We want to achieve the best mix of those three things. And if that means we’re going to make some delays or slow things down, then that will make the most sense. So really what I guess I would just want to make sure it’s really clear is; we’re going to strive to find the optimal balance of those three things. And if we have a view or we’re locking in longer-term pricing that we think makes sense to defer some things, then we’ll be very open to evaluating that and incorporate into our longer-term operations plan.

Operator: So we have no further questions at this time. So I will hand you back over to Brandon Haspett for closing remarks.

Brandon Haspett: Thank you, Drew. We’d like to thank everyone for taking the time to be with us today. A replay of this call will be available this afternoon on both our website and by telephone, will run through the close of business on Friday, February 10. To access the replay online, please visit our Investor Relations website at investor.nationalfuelgas.com, and access by telephone, call 1 866 813-9403 and enter conference ID number 856816. This concludes our conference call for today. Thank you, and goodbye.

Operator: That concludes today’s National Fuel Gas Company Q1 FY 2023 Earnings Conference Call. You may now disconnect your lines.