National Fuel Gas Company reports news about an integrated natural gas business organized around Integrated Upstream and Gathering, Pipeline and Storage, and Utility operations. Its recurring updates cover operating and financial results, earnings calls, quarterly dividend actions, stockholder votes, and capital-structure matters tied to common stock and credit arrangements.
The company’s business disclosures connect Seneca natural gas exploration and development in the Appalachian region with midstream gathering, pipeline transportation and storage assets serving customers in the northeastern United States and Canada, and utility service in western New York and northwestern Pennsylvania.
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.
National Fuel Gas Company (NYSE:NFG) reported its first-quarter financial results for fiscal 2021, revealing a GAAP net income of $77.8 million ($0.85 per share), including a significant $55.2 million impairment charge. Adjusted operating results showed an increase to $97.0 million ($1.06 per share), up from $87.4 million in the previous year. The company has raised its fiscal 2021 earnings guidance to $3.65-$3.95 per share. Notably, the Pipeline and Storage segment saw a 22% revenue rise, contributing to adjusted EBITDA growth of $251.7 million, compared to $222.9 million in the prior year.
National Fuel Gas Company (NYSE:NFG) invites stakeholders to its First Quarter Fiscal 2021 teleconference on Feb. 5, 2021, at 11 a.m. (ET). The call will feature management, including CEO David P. Bauer, CFO Karen M. Camiolo, and Seneca Resources President John P. McGinnis, presenting for approximately 20 minutes, followed by a Q&A session. Pre-registration is required for participation, and the call will also be webcast. An audio replay will be available from Feb. 5 to Feb. 12, 2021. Additional information can be found on National Fuel's website.
National Fuel Gas Company (NFG) announced the retirement of John P. McGinnis, President of Seneca Resources, effective May 1, 2021. McGinnis joined the company in 2007 and advanced its Appalachian development program. He will be succeeded by Justin I. Loweth, who has been with Seneca since 2011 and currently serves as Senior Vice President. The leadership transition aims to maintain momentum in the company's natural gas development efforts while minimizing environmental impacts.
National Fuel Gas Company announces that Ronald C. Kraemer will become the new Chief Operating Officer (COO) effective March 1, 2021. He succeeds John R. Pustulka, who is retiring after 47 years. Kraemer, who has been with the company since 1978, will continue his existing roles as President of National Fuel Gas Supply Corporation and Empire Pipeline, Inc.. His extensive experience in pipeline and storage operations positions him to advance the company’s infrastructure investments.
National Fuel Gas Company (NFG) has announced a quarterly dividend of 44.5 cents per share, payable on January 15, 2021. The dividend will benefit shareholders of record by December 31, 2020. With approximately 91 million shares of common stock outstanding, this move reinforces the company's commitment to returning value to its investors. National Fuel operates in various sectors of the energy industry, including Exploration, Pipeline, Storage, Gathering, and Utility.
National Fuel Gas Company (NYSE:NFG) reported its fiscal 2020 results, revealing a GAAP net loss of $145.5 million, or $1.60 per share, influenced by a significant impairment charge. Despite this, the company highlighted several achievements: increased production by 14% to 241.5 Bcfe, a 12% rise in reserves to approximately 3.5 Tcfe, and the completion of a $100 million upstream acquisition expected to enhance cash flow. The dividend was raised for the 50th consecutive year to $1.78 per share. Adjusted EBITDA showed a slight increase, signaling some operational stability amid challenging market conditions.
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.