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.
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National Fuel Gas Company (NYSE:NFG) will hold a teleconference to discuss its Q2 fiscal 2023 results on May 4, 2023 at 11 a.m. (ET). Management, including President and CEO David P. Bauer, will provide insights into the company's performance and operations for approximately 20 minutes, followed by a Q&A session. Interested participants can pre-register online for access details. Dial-in options are available, including a toll-free number for U.S. residents. An online webcast will also be accessible on the company’s investor relations website, with a replay of the call provided until May 11, 2023.
The company operates across various segments, including Exploration & Production, Pipeline & Storage, Gathering, and Utility sectors, reflecting its diversified energy portfolio.
National Fuel Gas Company (NFG) announced the retirement of Treasurer and Principal Financial Officer Karen M. Camiolo, effective May 1, 2023, after nearly 29 years of service. Timothy J. Silverstein has been appointed to succeed her. Silverstein joined National Fuel in 2008 and has previously served as Treasurer of the Company's utility and pipeline subsidiaries. The leadership change is seen as a significant transition for the firm, with hopes for continued stability and growth in financial operations. Company President David P. Bauer thanked Camiolo for her dedicated service, emphasizing her contributions to the company's financial management.
The Board of Directors of National Fuel Gas Company (NFG) announced a quarterly dividend of 47.5 cents per share, payable on April 14, 2023, to shareholders on record by March 31, 2023. With approximately 91.8 million shares outstanding, the company maintains a strong dividend policy. During the Annual Meeting, stockholders approved management proposals, including the election of directors for one-year terms expiring in 2024 and the advisory vote on executive compensation. PricewaterhouseCoopers LLP was ratified as the independent accounting firm.
National Fuel Gas Company (NYSE:NFG) reported impressive financial results for Q1 FY2023, achieving a GAAP net income of $169.7 million or $1.84 per share, up 28% from the previous year. Adjusted operating results also increased to $169.5 million or $1.84 per share, a 24% rise. Adjusted EBITDA rose 18% to $351 million. Significant growth was noted in the Exploration & Production segment, with a 29% increase in EBITDA and net production of 90.6 Bcfe, up 11%. However, the company revised its FY2023 earnings guidance to $5.35 - $5.75 per share due to lower natural gas price expectations.