Natl Fuel Gas Co Stock Price, News & Analysis

NFG will host a teleconference to discuss its Fourth Quarter Fiscal 2020 results on Nov. 6, 2020, at 11 a.m. ET. Management will include David P. Bauer, Karen M. Camiolo, and John P. McGinnis. The session is expected to last approximately 20 minutes, followed by a Q&A segment. Participants must pre-register for the call, which can also be accessed through a live webcast on the company's website. An audio replay will be available from Nov. 6 to Nov. 13, 2020.

National Fuel Gas Company has announced a quarterly dividend of 44.5 cents per share, payable on October 15, 2020. Shareholders must be on record by the close of business on September 30, 2020. The company has approximately 91 million shares of common stock outstanding. National Fuel operates in four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility.

National Fuel Gas Company (NFG) has released its inaugural stand-alone Corporate Responsibility Report. This report focuses on the Company's progress in environmental, social, and governance (ESG) metrics, utilizing frameworks from the Sustainability Accounting Standards Board (SASB) and Global Reporting Initiative. CEO David P. Bauer emphasized the importance of sustainability in operations, particularly during the COVID-19 pandemic. The report showcases National Fuel's commitment to community engagement and minimal environmental impact, supplementing its existing corporate responsibility website.

National Fuel Gas Company (NFG) reported Q3 FY2020 earnings of $41.3 million, or $0.47 per share, down from $63.8 million, or $0.73 per share, in Q3 FY2019. Excluding a $13.2 million impairment, adjusted earnings were $50.0 million, or $0.57 per share. Adjusted EBITDA fell to $171.9 million compared to $182.9 million a year ago. The Pipeline & Storage segment saw a 35% EBITDA increase, while E&P segment production rose slightly to 56.0 Bcfe. NFG revised its FY2020 EPS guidance down to $2.75-$2.85 but forecasts FY2021 EPS between $3.40 and $3.70, boosted by recent acquisitions.

National Fuel Gas Company (NYSE: NFG) has completed a $504 million acquisition of upstream and midstream gathering assets from SWEPI LP, a subsidiary of Royal Dutch Shell. This acquisition is the largest in the company's 118-year history and is expected to enhance free cash flow, improve operational efficiency, and drive earnings growth in fiscal 2021. National Fuel plans to provide guidance on August 6, 2020, anticipating significant financial benefits from the newly integrated assets.

National Fuel Gas Company (NYSE:NFG) will host a teleconference on August 7, 2020, at 11 a.m. (ET) to discuss its Third Quarter Fiscal 2020 results and provide updates on company operations. Representing management will be David P. Bauer, President and CEO; Karen M. Camiolo, Treasurer; and John P. McGinnis, President of Seneca Resources. Pre-registration is required for participants, and the event will also be available via a simultaneous webcast on the National Fuel website. An audio replay will be accessible after the call until August 14, 2020.

National Fuel Gas Company (NFG) has appointed Jeffrey F. Hart as its first Vice President of Corporate Responsibility. This new role underscores the importance of corporate responsibility initiatives within the company. Hart, who has been with National Fuel since 1984, will lead the Corporate Responsibility Management Committee, focusing on environmental, social, and governance (ESG) issues. His extensive experience across various business segments positions him to enhance the company’s sustainable practices and ESG disclosures, aligning operational decisions with corporate responsibility principles.

The National Fuel Gas Company (NFG) has announced a 2.3% increase in its quarterly dividend, now set at 44.5 cents per share, effective from July 15, 2020. This decision marks the 50th consecutive year of dividend increases and continues a tradition of 118 years of uninterrupted dividend payments. Shareholders of record on June 30, 2020, will benefit from this rise, which equates to an annual rate of $1.78 per share. With approximately 90.9 million shares outstanding, NFG remains committed to rewarding its investors.

National Fuel Gas Company (NFG) announced a public offering of 3,800,000 shares of common stock at $39.50 per share, aiming for net proceeds of approximately $144.8 million. The offering, scheduled to close on June 2, 2020, includes an underwriters' option to purchase an additional 570,000 shares. Proceeds will be utilized for general corporate purposes, potentially funding an acquisition from SWEPI LP. J.P. Morgan Securities, BofA Securities, and Goldman Sachs are managing the offering. This offering is not contingent on the acquisition.