Natl Fuel Gas Co Stock Price, News & Analysis

Seneca Resources, the Exploration and Production segment of National Fuel Gas Company (NFG), announced that 100% of its natural gas production has received an 'A' certification under the MiQ Standard for Methane Emissions Performance. This certification reflects a commitment to reducing methane emissions, with over 1 billion cubic feet of daily gross production meeting high environmental standards. The MiQ Standard, developed by independent auditors, assesses methane emissions practices, demonstrating Seneca's proactive measures in sustainability and technology deployment to prevent methane leaks.

National Fuel Gas Company (NYSE:NFG) reported a strong third quarter for fiscal 2022, with GAAP net income of $108.2 million ($1.17 per share), a 24% increase year-over-year. Adjusted operating results soared to $141.9 million ($1.54 per share), a 66% increase. The company successfully sold its California assets for approximately $241 million, while revising fiscal 2022 earnings guidance to $5.85-$5.95 per share and initiating fiscal 2023 guidance at $7.25-$7.75. Continued strong natural gas production is expected, bolstered by an improved commodity price outlook.

National Fuel Gas Company (NYSE:NFG) will hold a teleconference on August 5, 2022, at 11 a.m. (ET) to discuss its third quarter fiscal 2022 results. The event will feature remarks from President & CEO David P. Bauer and other key executives, followed by a question-and-answer session. Interested participants must pre-register via the provided link to receive access details. The call will also be available for online listening and replay after the event until August 12, 2022. More information can be found on the National Fuel website.

National Fuel Gas Company (NYSE: NFG) announced the successful sale of its California properties to Sentinel Peak Resources for net proceeds of approximately $241 million. This transaction is part of Seneca Resources Company, LLC, the exploration and production segment of National Fuel. The sale aims to strengthen the company’s financial position and focus on its core operations in natural gas and oil assets across various segments, including pipeline and storage.

The National Fuel Gas Company (NFG) has announced a 4.4% increase in its quarterly dividend, raising it from 45.5 cents to 47.5 cents per share. This adjustment marks the 52nd consecutive year of annual dividend increases, underscoring the company's commitment to returning value to shareholders. The new annual dividend rate is $1.90 per share, with payment scheduled for July 15, 2022, to stockholders on record by June 30, 2022. National Fuel has consistently paid dividends for 120 years.

National Fuel Gas Company (NFG) reported a GAAP net income of $167.3 million for Q2 FY2022, equating to $1.82 per share, a 48% increase year-over-year. Adjusted earnings were $154.4 million, or $1.68 per share, reflecting a 25% rise. The company increased its fiscal 2022 earnings guidance to $5.70-$6.00 per share, driven by strong Appalachian natural gas production and higher commodity prices. Additionally, NFG plans to divest California assets for $280-310 million, enhancing financial flexibility.

National Fuel Gas Company (NYSE:NFG) has announced a teleconference to discuss its second quarter fiscal 2022 results. The call is scheduled for May 6, 2022, at 11 a.m. (ET), featuring President David P. Bauer and other executives. Participants must pre-register to join the call and will receive further instructions via email. The teleconference will also be available as a webcast on the company's investor website. An audio replay will be accessible from May 6 until May 13, 2022.

National Fuel Gas Company (NFG) announced leadership changes, including Michael Kasprzak's retirement as President of Midstream effective April 1, 2022, after over 40 years with the company. Justin Loweth, current President of Seneca Resources, will succeed him, aiming to enhance efficiency across both divisions. James Welch has been promoted to Vice President of Midstream. Additionally, Jeffrey Hart will retire in June, with Sarah Mugel overseeing Corporate Responsibility initiatives. Meghan Corcoran has been appointed General Manager of Corporate Responsibility, focusing on strengthening ESG practices.

The Board of Directors of National Fuel Gas Company (NFG) has declared a quarterly dividend of 45.5 cents per share, payable on April 15, 2022. Stockholders of record by March 31, 2022 will receive this dividend, impacting the approximately 91.4 million shares outstanding. Additionally, the company held its Annual Meeting, where stockholders approved management proposals including the election of new directors and the appointment of PricewaterhouseCoopers LLP as the independent auditor.