Earnings summaries and quarterly performance for NATIONAL FUEL GAS.
Executive leadership at NATIONAL FUEL GAS.
David P. Bauer
Detailed
President and Chief Executive Officer
CEO
EG
Elena G. Mendel
Detailed
Controller and Principal Accounting Officer
JI
Justin I. Loweth
Detailed
President, Seneca Resources Company and National Fuel Gas Midstream Company
LE
Lee E. Hartz
Detailed
General Counsel and Secretary
MA
Martin A. Krebs
Detailed
Chief Information Officer
MD
Michael D. Colpoys
Detailed
President, National Fuel Gas Distribution Corporation
RC
Ronald C. Kraemer
Detailed
Chief Operating Officer
TJ
Timothy J. Silverstein
Detailed
Chief Financial Officer
Board of directors at NATIONAL FUEL GAS.
BM
Barbara M. Baumann
Detailed
Director
DC
David C. Carroll
Detailed
Director
DF
David F. Smith
Detailed
Chairman of the Board
DH
David H. Anderson
Detailed
Director
JW
Jeffrey W. Shaw
Detailed
Lead Independent Director
JN
Joseph N. Jaggers
Detailed
Director
RR
Rebecca Ranich
Detailed
Director
RJ
Ronald J. Tanski
Detailed
Director
SC
Steven C. Finch
Detailed
Director
TE
Thomas E. Skains
Detailed
Director
Research analysts who have asked questions during NATIONAL FUEL GAS earnings calls.
NH
Noah Hungness
Firm Not Mentioned in Transcript
7 questions for NFG
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John Freeman
Raymond James Financial
5 questions for NFG
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Zach Parham
JPMorgan Chase & Co.
5 questions for NFG
Also covers: CIVI, CNX, CRC +7 more
Timothy Winter
Gabelli Funds
4 questions for NFG
Also covers: RGCO
Geoff Jay
Daniel Energy Partners
3 questions for NFG
Also covers: BKV, CHRD, CVX +4 more
GD
Greta Drefke
Goldman Sachs
3 questions for NFG
Also covers: AR, RRC, TALO
JB
Jeff Bellman
Daniel Energy Partners
2 questions for NFG
Also covers: CNX
Margaret Drefke
Goldman Sachs
2 questions for NFG
Also covers: CRK, MUR, TALO +1 more
TS
Tim Schneider
Schneider Capital Group
2 questions for NFG
AM
Ati Modak
Goldman Sachs
1 question for NFG
Also covers: AESI, AGX, AR +11 more
GD
Gretta Drew
Goldman Sachs Group, Inc.
1 question for NFG
Recent press releases and 8-K filings for NFG.
National Fuel Gas Company Reports Solid Q1 Fiscal 2026 Results and Progresses Ohio LDC Acquisition
NFG
Earnings
Guidance Update
M&A
- National Fuel Gas Company reported adjusted earnings per share of $2.06 for Q1 Fiscal 2026, which was in line with expectations and keeps the company on track for its full-year guidance.
- The integrated upstream and gathering business saw a 29% increase in adjusted EBITDA compared to the prior year, driven by higher production and natural gas prices.
- The acquisition of CenterPoint's Ohio LDC is progressing towards a Q4 calendar 2026 close, with a $350 million private placement of common stock completed in December to cover equity needs. The Ohio regulatory environment is also improving with a modernized rate-making process.
- Fiscal 2026 guidance was reaffirmed, with projected production of 440-455 BCF and capital expenditures of $560 million-$610 million. The company anticipates 14% adjusted EPS growth for fiscal 2026 over the previous year.
5 days ago
National Fuel Gas Company Reports Q1 Fiscal 2026 Results and Reaffirms Guidance
NFG
Earnings
Guidance Update
M&A
- National Fuel Gas Company reported adjusted earnings per share of $2.06 for the first quarter of fiscal 2026, which was in line with expectations.
- The company reaffirmed its full-year adjusted EPS guidance range of $7.60-$8.10, with a midpoint of $7.85.
- The acquisition of CenterPoint's Ohio LDC is on track to close in the fourth quarter of calendar 2026, with $350 million in common equity raised in December and an expected $1.5 billion in long-term debt issuance.
- The integrated upstream and gathering business achieved Q1 net production of 109 BCF, marking a 12% increase over the first quarter of fiscal 2025, and reaffirmed fiscal 2026 production guidance of 440-455 BCF.
5 days ago
National Fuel Gas Company Reports Solid Q1 2026 Results and Reaffirms Guidance
NFG
Earnings
Guidance Update
M&A
- National Fuel Gas Company reported adjusted earnings per share of $2.06 for Q1 2026, in line with expectations, and reaffirmed fiscal 2026 guidance, projecting 14% adjusted EPS growth over last year.
- The integrated upstream and gathering business saw a 29% increase in adjusted EBITDA compared to the prior year, driven by higher production and natural gas prices, and is on track for a 30% gain in capital efficiency since 2023.
- The acquisition of CenterPoint's Ohio LDC is expected to close in Q4 calendar 2026, with the $350 million equity need for the transaction satisfied through a private placement of common stock. The Ohio Commission set the ROE at 9.79% for CenterPoint's rate case.
- Key pipeline projects, including the Tioga Pathway project and Shippingport Lateral project, are progressing, with the latter targeting a late calendar 2026 in-service date. The Pennsylvania utility filed a new rate case requesting an approximately $20 million increase in rates.
- The company maintains a strong outlook for natural gas, expecting prices in the $3-$5 range, and is focused on operational excellence, including expanding Seneca's inventory, with Upper Utica delineation essentially doubling its core Tioga inventory estimate.
5 days ago
National Fuel Gas Company Reports Q1 Fiscal 2026 Earnings and Reaffirms Guidance
NFG
Earnings
Guidance Update
M&A
- National Fuel Gas Company reported adjusted earnings per share (EPS) of $2.06 for the first quarter of fiscal 2026, an increase of 24% compared to $1.66 in the prior year.
- The company reaffirmed its fiscal 2026 adjusted EPS guidance range of $7.60 to $8.10 per share.
- The Integrated Upstream and Gathering segment's adjusted EPS increased $0.42, or 45%, driven by a 14% increase in natural gas price realizations and 12% growth in natural gas production.
- National Fuel successfully issued $350 million in common equity to fund the CenterPoint Ohio gas utility acquisition, which is anticipated to close in the fourth quarter of calendar 2026.
- The Shippingport Lateral Project and Tioga Pathway Project remain on track for a late calendar 2026 in-service date.
5 days ago
National Fuel Gas Company Reaffirms FY26 EPS Guidance and Provides Acquisition Update
NFG
Guidance Update
M&A
New Projects/Investments
- National Fuel Gas Company (NFG) reaffirmed its FY26 Adjusted EPS guidance of $7.60 - $8.10, with a midpoint of $7.85, representing a 14% increase from FY25. The company also projects a consolidated 3-Year Adjusted EPS CAGR of greater than 10% (FY24-27E).
- The acquisition of CenterPoint's Ohio gas utility business for $2.62 billion is on track to close in Q4 calendar 2026, expected to enhance regulated earnings growth and be accretive to long-term EPS.
- To help finance the acquisition and maintain its investment-grade credit rating, NFG issued $350 million in common equity through a private placement.
- Consolidated capital expenditures for FY26 are projected to be between $955 million and $1,065 million.
6 days ago
National Fuel Gas Company Reports Strong Q1 Fiscal 2026 Results and Reaffirms Guidance
NFG
Earnings
Guidance Update
M&A
- National Fuel Gas Company reported GAAP earnings of $181.6 million ($1.98 per share) and adjusted earnings of $187.7 million ($2.06 per share) for the first quarter of fiscal 2026, marking a 24% increase in adjusted EPS compared to the prior year.
- The Integrated Upstream and Gathering segment's adjusted EPS increased 45%, driven by a 14% increase in natural gas price realizations and 12% production growth. The Utility segment's net income also grew 5%.
- The company reaffirmed its fiscal 2026 adjusted EPS guidance range of $7.60 to $8.10 per share, based on an average NYMEX natural gas price assumption of $3.75 per MMBtu for the remaining nine months.
- National Fuel successfully issued $350 million in common equity through a private placement to fund the CenterPoint Ohio gas utility acquisition, which is expected to close in the fourth quarter of calendar 2026 and is not anticipated to impact fiscal 2026 guidance.
- The Shippingport Lateral Project received FERC authorization and, along with the Tioga Pathway Project, remains on track for a late calendar 2026 in-service date.
6 days ago
National Fuel Gas Company Announces Successful $350 Million Private Placement
NFG
M&A
New Projects/Investments
- National Fuel Gas Company announced a successful private placement of common stock.
- The company expects to receive gross proceeds of $350 million from the sale of 4,402,513 shares at a purchase price of $79.50 per share.
- The offering is expected to close on December 17, 2025.
- Net proceeds from the offering will be used for general corporate purposes, including to finance a portion of the purchase price for the previously announced acquisition of CenterPoint's Ohio regulated gas utility business.
Dec 15, 2025, 12:00 PM
National Fuel Announces Private Placement of Common Stock
NFG
M&A
New Projects/Investments
- National Fuel Gas Company (NFG) announced a private placement of common stock, expected to generate $350 million in gross proceeds.
- Approximately 4.4 million shares of common stock were sold at a purchase price of $79.50 per share.
- The offering is anticipated to close on December 17, 2025.
- The net proceeds will be used for general corporate purposes, including financing a portion of the previously announced acquisition of CenterPoint's Ohio regulated gas utility business, which satisfies the common equity needs for that transaction and aims to maintain the company's current investment grade credit rating.
Dec 15, 2025, 11:45 AM
New Found Gold Reports High-Grade Gold at Queensway Project
NFG
New Projects/Investments
M&A
- Initial results from New Found Gold's 2025 grade control drilling program at the Keats zone within the Queensway Gold Project confirmed high-grade, near-surface gold mineralization, with significant intervals such as 219 g/t over 9.35 meters and 160 g/t over 10.30 meters.
- These results, covering 16 of 84 drill holes, are intended to validate resource models and support mine planning for the Preliminary Economic Assessment Phase 1 open pits.
- Following the drill results, New Found Gold's shares surged, and the company is strategically merging with Maritime Resources to form a multi-asset gold producer.
- Analysts categorize New Found Gold as a speculative buy with high risk and potential reward, noting its strong equity position and promising exploration results despite typical challenges for exploration firms.
Dec 1, 2025, 7:10 AM
National Fuel Gas Company Amends Credit Facilities for Acquisition Financing
NFG
M&A
Debt Issuance
New Projects/Investments
- National Fuel Gas Company (NFG) entered into a Securities Purchase Agreement on October 20, 2025, to acquire Vectren Energy Delivery of Ohio, LLC, CenterPoint Energy Resources Corp.'s Ohio natural gas local distribution company business.
- A portion of the acquisition's purchase price will be financed through a $1.2 billion unsecured term loan credit facility provided by a Seller Note Agreement.
- On November 6, 2025, NFG executed amendments to its existing Term Loan Agreement and Credit Agreement to modify the definition of "Consolidated Indebtedness," which will facilitate the defeasance of obligations under the Seller Note Agreement after the transaction closes.
Nov 6, 2025, 9:23 PM
Quarterly earnings call transcripts for NATIONAL FUEL GAS.
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