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 Co (NYSE: NFG) is a diversified energy leader with integrated operations spanning natural gas exploration, pipeline infrastructure, and utility services across the Appalachian region. This page provides investors and industry stakeholders with timely access to official company announcements, regulatory filings, and strategic developments.
Discover comprehensive updates including quarterly earnings reports, infrastructure expansion projects, and operational milestones directly from NFG sources. Our curated news collection simplifies tracking of shale gas production advancements, safety initiatives, and market positioning within the evolving energy sector.
Key content categories include executive leadership updates, environmental compliance developments, and analysis of NFG's vertically integrated business model. Bookmark this page to monitor how the company navigates market dynamics through its exploration, pipeline, and utility divisions.
National Fuel Gas Distribution (NYSE: NFG) received approval from the New York Public Service Commission for a three-year rate settlement starting January 1, 2025. This marks the company's first base delivery rate increase in New York since 2017. The settlement includes:
- Rate base of $1.04 billion in year one
- Return on equity of 9.7%
- Equity ratio of 48%
- Revenue requirement increases of $57 million (2025), $73 million (2026), and $86 million (2027)
The agreement maintains existing rate mechanisms like weather normalization and revenue decoupling, adds an uncollectible expense tracker, and includes a pipeline replacement target of 105 miles per year. A make-whole provision allows recovery of higher rates from October 1, 2024, through January 1, 2025.
National Fuel Gas Company (NYSE: NFG) has announced its regular quarterly dividend of 51.5 cents per share on common stock. The dividend will be paid on January 15, 2025, to stockholders of record as of December 31, 2024. The company currently has approximately 90.7 million shares of common stock outstanding and no preferred stock. National Fuel operates as a diversified energy company based in Western New York, managing natural gas operations across four segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility.
National Fuel Gas Company reported a GAAP net loss of $167.6 million ($1.84 per share) for Q4 2024, including $237.8 million in non-cash impairment charges. Adjusted operating results were $70.5 million ($0.77 per share). The company filed for its Tioga Pathway Project, expecting to provide 190,000 dekatherms per day capacity and $15 million in annual expansion revenues. A Joint Proposal was filed for a three-year rate settlement with $86 million revenue increase. The company updated its fiscal 2025 guidance to $5.50-$6.00 per share, reflecting lower natural gas prices. Production guidance remains at 400-420 Bcfe, with 89% of projected fiscal 2025 gas production under firm sales contracts.
National Fuel Gas Company has achieved significant sustainability milestones through two key re-certifications. The company's Midstream segment has been re-verified under the EO100™ Standard, earning an 'A-' grade and becoming the first entity to improve two grades after initial certification. The verification covers 100% of their natural gas gathering system assets across five principles including corporate governance, social impacts, Indigenous Peoples' rights, safety standards, and environmental impacts.
Additionally, Seneca Resources, NFG's Upstream segment, has been re-certified by MiQ with an 'A' grade for their Appalachian natural gas production assets, which produce over 1 billion cubic feet daily. The MiQ certification evaluates methane intensity, emissions management practices, and monitoring technology deployment.
National Fuel Gas Company (NYSE: NFG) has announced that Ronald C. Kraemer, Chief Operating Officer and President of the company's pipeline and storage subsidiaries, will retire on Feb. 1, 2025, after 46+ years of service. Joseph N. Del Vecchio, currently Executive Vice President of National Fuel Gas Supply , will succeed Kraemer as President of National Fuel Gas Supply and Empire Pipeline, Inc.
Kraemer, who joined in 1978, has held various executive positions across the company's subsidiaries. Del Vecchio, who holds degrees in Mechanical Engineering and Law, joined the company in 1995 and has served in multiple leadership roles, most recently being promoted to Executive Vice President in 2023.
National Fuel Gas Company (NYSE: NFG) has announced the schedule for its fourth quarter fiscal 2024 earnings conference call. The company will release its earnings results on Wednesday, November 6, 2024 after market close. The conference call will be held on Thursday, November 7, 2024 at 10:00 a.m. ET.
The call will feature prepared remarks from the executive team for approximately 20 minutes, followed by a question and answer session. Participants must pre-register for the conference using the provided Participant Registration link. A webcast link will be available on the NFG Investor Relations website. A replay of the call will be accessible until Thursday, November 14, 2024.
National Fuel Gas Company (NYSE: NFG) has declared a regular quarterly dividend of 51.5 cents per share on its common stock. The dividend will be payable on October 15, 2024, to stockholders of record at the close of business on September 30, 2024. The company has approximately 91.1 million shares of common stock outstanding and no preferred stock. National Fuel is a diversified energy company based in Western New York, operating across four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility.
National Fuel Gas Company (NYSE: NFG) has released its 2023 Corporate Responsibility Report, highlighting key sustainability achievements and initiatives. The report showcases the company's progress in reducing emissions, with a 17.1% decrease in consolidated methane emissions and a 5.6% reduction in consolidated greenhouse gas emissions since 2020. NFG is making strides towards its 2030 methane intensity targets, with reductions ranging from 9.7% to 48.5% across business segments.
The report also emphasizes NFG's commitment to responsible natural gas certifications, environmental stewardship, and inclusive hiring practices. The company's integrated approach aims to meet growing energy demand while providing reliable, sustainable, and affordable energy across its four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility.
National Fuel Gas Company (NYSE:NFG) reported a GAAP net loss of $54.2 million ($0.59 per share) for Q3 FY2024, including a $145 million non-cash impairment charge on exploration and production properties, compared to $92.6 million net income ($1.00 per share) in the prior year.
Adjusted operating results were $91.7 million ($0.99 per share), slightly down from $93.4 million ($1.01 per share) a year ago. Pipeline and Storage net income rose 29% due to a rate proceeding resolution, while Utility net income increased by $2.5 million due to rate increases. Exploration and Production segment saw a 2% rise in natural gas production despite price-related curtailments.
The 2024 earnings guidance is revised to $5.00-$5.10 per share, and 2025 guidance is initiated at $5.75-$6.25 per share, indicating a 19% growth at midpoint. Shareholder returns are enhanced with a 4% dividend increase and significant share repurchases.
National Fuel Gas Company (NYSE: NFG) will release its third quarter fiscal 2024 earnings results on July 31, 2024, after market close. The company will hold a conference call to discuss these results on August 1, 2024, at 10:00 a.m. ET. The call will include 20 minutes of prepared remarks from the executive team followed by a Q&A session. Participants must pre-register using the provided Participant Registration link to receive necessary conference details and a unique Registrant ID. The webcast link will be available on NFG's Investor Relations website, with a replay accessible until August 8, 2024. National Fuel operates across four segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility.
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