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 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.
National Fuel Gas Company (NYSE: NFG) announced a 4.0% increase in its common stock dividend rate, raising the quarterly dividend from 49.5 cents to 51.5 cents per share. This brings the annual dividend to $2.06 per share. The dividend is payable on July 15, 2024, to shareholders of record as of June 28, 2024. This marks the 54th consecutive year of dividend increases and the 122nd consecutive year of dividend payments. National Fuel Gas Company operates in four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility, with 91.8 million shares of common stock outstanding.
National Fuel Gas Company reported strong second quarter results for fiscal year 2024, with GAAP net income of $166.3 million, or $1.80 per share, representing an 18% increase per share from the prior year. The company revised its fiscal 2024 earnings guidance to a range of $4.75 to $5.05 per share, excluding items impacting comparability, while lowering capital expenditure guidance. Despite lower natural gas prices impacting earnings, operational execution and strategic objectives remain strong across all business segments.
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