Welcome to our dedicated page for Natl Fuel Gas Co news (Ticker: NFG), a resource for investors and traders seeking the latest updates and insights on Natl Fuel Gas Co stock.
National Fuel Gas Company (NYSE: NFG) generates a steady flow of news as a diversified natural gas-focused energy company in the utilities sector. This page aggregates recent announcements, press releases, and market-moving updates related to National Fuel’s integrated operations across exploration and production, gathering, pipeline transportation and storage, and regulated utility distribution.
News items for National Fuel often cover quarterly and annual earnings results, where the company reports performance for its Integrated Upstream and Gathering, Pipeline and Storage, and Utility segments. These releases may include segment-level discussions of natural gas production in Pennsylvania, gathering and compression activity in the Appalachian region, and transportation and storage services provided through its pipeline network in western New York and Pennsylvania.
Investors can also follow strategic transactions and financing developments, such as National Fuel’s definitive agreement to acquire CenterPoint’s Ohio natural gas utility business and related financing arrangements. Company updates describe the planned expansion of its regulated utility footprint into Ohio, the use of a seller note facility and bridge financing, and private placements of common stock to support the purchase price.
Additional news highlights include dividend declarations by the board of directors, updates on corporate responsibility and emissions reduction progress, and notices of investor conference calls and webcasts. These communications provide context on National Fuel’s approach to capital allocation, regulatory matters, and operational reliability across its integrated natural gas platform.
By reviewing this news feed, readers can monitor how National Fuel’s upstream, midstream, and utility activities evolve over time, track key regulatory and transaction milestones, and understand the company’s public disclosures about its natural gas operations and strategic priorities.
On July 29, 2021, Seneca Resources and U.S. Well Services (USWS) announced a collaboration to conduct a field trial in Lycoming County, utilizing USWS' Clean Fleet® technology for all-electric well completions. This trial marks Seneca's inaugural use of electric fracturing technology, aligning with its commitment to reduce greenhouse gas emissions. The project aims to analyze emissions data during operations, contributing to Seneca's comprehensive study of low-carbon well completion methods. Results are anticipated to inform future emissions reduction initiatives.
National Fuel Gas Company (NYSE:NFG) invites participants to its teleconference on August 6, 2021, at 11 a.m. (ET) to discuss third quarter fiscal 2021 results and provide operational updates. Key executives, including David P. Bauer, will present for approximately 20 minutes, followed by a Q&A session. Pre-registration is mandatory, and a webcast will be available on the company’s website. An audio replay will start two hours post-call and be accessible until August 13, 2021.
Seneca Resources Company, the exploration and production segment of National Fuel Gas Company (NYSE: NFG), and NexTier Oilfield Solutions Inc. (NYSE: NEX) have announced a collaborative study to assess carbon emissions from hydraulic fracturing equipment. This initiative aims to provide comprehensive, real-time emissions data comparing various technologies, including Tier 2 and Tier 4 diesel engines, natural gas turbine engines, and electric frac equipment. The emissions testing will be third-party verified and adhere to EPA guidelines, reinforcing both companies' commitment to sustainable operations and environmental responsibility.
National Fuel Gas Company (NYSE:NFG) announced a 2.2% increase in its quarterly dividend, raising it from 44.5 cents to 45.5 cents per share, resulting in an annual rate of $1.82. This reflects the company's commitment, having paid dividends for 119 consecutive years and increased its annual dividend for 51 straight years. The dividend is payable on July 15, 2021, to shareholders of record by June 30, 2021.
National Fuel Gas Company (NFG) reported a strong fiscal 2021 second quarter with GAAP net income of $112.4 million or $1.23 per share, recovering from a loss of $106.1 million in the prior year. Adjusted operating results increased to $123.2 million or $1.34 per share, a rise from $84.2 million. Adjusted EBITDA grew 29% to $298.4 million. The company raised its earnings guidance to $3.85 to $4.05 per share, driven by enhanced production and pipeline expansions. The Exploration and Production segment saw a notable 43% increase in production, totaling 85.2 Bcfe.
National Fuel Gas Company (NYSE: NFG) announced the appointment of Justin I. Loweth as President of Seneca Resources, the company's Exploration and Production segment. Loweth, who joined Seneca in 2011, has held multiple roles, including Vice President of Finance and Acquisitions and Senior Vice President. He graduated from Southern Methodist University with a degree in business administration, focusing on finance and real estate. National Fuel operates diverse energy assets across four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility.
National Fuel Gas Company (NYSE:NFG) will host a teleconference on Friday, May 7, 2021, at 11 a.m. (ET) to discuss its second quarter fiscal 2021 results. Management representatives include CEO David P. Bauer and other key executives. The teleconference will feature prepared remarks for approximately 20 minutes, followed by a Q&A session. Participants must pre-register to join, and the call will also be available via webcast. An audio replay will be accessible two hours post-call, lasting until May 14, 2021.
National Fuel Gas Company (NYSE: NFG) has announced ambitious targets to cut greenhouse gas emissions for its utility segment, aiming for a 75% reduction by 2030 and 90% by 2050 from 1990 levels. This commitment exceeds New York's Climate Act benchmarks and emphasizes ongoing modernization efforts. The strategy includes a detailed pathway for its New York utility business, highlighting a multi-faceted approach to energy efficiency and low-carbon solutions, guided by an independent consultancy's findings. National Fuel's initiatives underscore its dedication to environmental responsibility while ensuring reliable energy delivery.
The Board of Directors of National Fuel Gas Company (NYSE:NFG) has declared a quarterly dividend of 44.5 cents per share, payable on April 15, 2021, to stockholders on record by the close of business on March 31, 2021. With approximately 91.2 million shares outstanding, this decision highlights the company’s commitment to returning value to its shareholders. Additionally, at the Annual Meeting, stockholders approved four management proposals, including the election of new directors and the ratification of PricewaterhouseCoopers LLP as the independent accounting firm, ensuring strong governance moving forward.
National Fuel Gas Company (NYSE:NFG) announced FERC approval for its FM100 expansion project, which is set to begin preliminary construction in early March 2021. This $280 million investment is projected to generate an additional $50 million in annual revenue for its Pipeline & Storage segment and enhance access to east coast gas markets. The project also emphasizes environmental responsibility with plans for advanced emissions controls, including vent gas recovery systems at new compressor stations.