Welcome to our dedicated page for Natl Fuel Gas news (Ticker: NFG), a resource for investors and traders seeking the latest updates and insights on Natl Fuel Gas stock.
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 (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.
National Fuel Gas Company (NYSE: NFG) announced an underwritten public offering of 3.25 million shares of its common stock. The offering is part of a registration statement under the Securities Act of 1933 and includes a 30-day underwriter option for an additional 487,500 shares. Proceeds will be utilized for general corporate purposes, primarily to fund its acquisition of assets from SWEPI LP. The offering is not contingent on the acquisition's completion.
National Fuel Gas Company (NYSE: NFG) announced the acquisition of upstream and midstream assets in Pennsylvania from SWEPI LP for approximately $541 million, reducing to $500 million post-adjustments. The deal, expected to close on July 31, 2020, aligns with National Fuel's integrated business model, enhancing cash flow and earnings per share. The assets include 710 Bcf of proved reserves and 142 miles of gathering pipelines, forecasted to generate over $125 million in EBITDA. The acquisition will lower operating costs and provides significant hedge positions against commodity price fluctuations.
Summary not available.
Summary not available.