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) 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.
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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