Natl Fuel Gas Co Stock Price, News & Analysis

National Fuel Gas Company (NYSE:NFG) has announced a teleconference to discuss its fourth quarter fiscal 2021 results on November 5, 2021, at 11 a.m. (ET). Key executives, including President and CEO David P. Bauer, will present for about 20 minutes, followed by a Q&A session. Participation requires pre-registration, which can be done via a dedicated link. A simultaneous webcast will be available on the company's investor relations website, and a replay of the teleconference will be accessible from November 5 through November 11, 2021.

National Fuel Gas Company (NYSE:NFG) announced a quarterly dividend of 45.5 cents per share, approved by its Board of Directors. The dividend will be payable on Oct. 15, 2021, to shareholders of record as of Sept. 30, 2021. The company has approximately 91.2 million shares of common stock outstanding and no preferred stock. National Fuel operates across four business segments, focusing on natural gas and oil assets.

National Fuel Gas Company released its 2020 Corporate Responsibility Report, showcasing ESG performance metrics and initiatives to enhance sustainability across its operations in New York, Pennsylvania, California, and Texas. The Report includes improved disclosures on climate risk, in line with the TCFD framework, and sets ambitious methane intensity reduction targets: 40% for Exploration & Production, 30% for Gathering and Utility, and 50% for Pipeline & Storage by 2030. A consolidated goal aims for a 25% GHG emissions reduction using a 2020 baseline.

Seneca Resources Company, part of National Fuel Gas Company (NFG), is pursuing certification for its Appalachian natural gas production under Equitable Origin’s EO100™ Standard. Initiated in May, the certification process focuses on key ESG principles, including governance, community engagement, and environmental impact. Completion is anticipated early next year. President Justin Loweth highlighted that this certification reinforces Seneca's commitment to sustainability and positions its natural gas production favorably in the market amid rising ESG investor interest.

National Fuel Gas Company (NFG) announced a partnership with Project Canary to certify approximately 300 million cubic feet per day of its Appalachian natural gas production as responsibly sourced gas (RSG). This initiative includes installing continuous monitoring devices to collect real-time emissions data at three well pad locations, part of a certification process analyzing over 600 operational and environmental data points. The move aligns with the company's commitment to sustainability and strong environmental performance in a market increasingly focused on ESG practices.

National Fuel Gas Company (NYSE:NFG) reported strong third-quarter results for fiscal 2021, achieving a GAAP net income of $86.5 million ($0.94 per share), up from $41.3 million ($0.47 per share) a year ago. Adjusted EBITDA increased 36% to $234.2 million. The Exploration and Production segment saw a 48% rise in net production to 83.1 Bcfe, with cash operating costs decreasing 5% to $1.13 per Mcfe. The company raised its fiscal 2021 EPS guidance to $4.05-$4.15 and initiated fiscal 2022 guidance between $4.40-$4.80 per share, marking a projected 12% increase.

On July 29, 2021, Seneca Resources Company, part of National Fuel Gas Company (NFG), announced a collaboration with U.S. Well Services (USWS) for a field trial in Lycoming County, PA. This trial marks Seneca's first use of all-electric fracturing technology for six well completions, aimed at reducing greenhouse gas emissions. The results will contribute to a unique study assessing low-carbon well-completion equipment. Both companies emphasized their commitment to sustainability and operational efficiency through this innovative technology.

On July 29, 2021, Seneca Resources and U.S. Well Services (USWS) announced a collaboration to conduct a field trial in Lycoming County, utilizing USWS' Clean Fleet® technology for all-electric well completions. This trial marks Seneca's inaugural use of electric fracturing technology, aligning with its commitment to reduce greenhouse gas emissions. The project aims to analyze emissions data during operations, contributing to Seneca's comprehensive study of low-carbon well completion methods. Results are anticipated to inform future emissions reduction initiatives.

National Fuel Gas Company (NYSE:NFG) invites participants to its teleconference on August 6, 2021, at 11 a.m. (ET) to discuss third quarter fiscal 2021 results and provide operational updates. Key executives, including David P. Bauer, will present for approximately 20 minutes, followed by a Q&A session. Pre-registration is mandatory, and a webcast will be available on the company’s website. An audio replay will start two hours post-call and be accessible until August 13, 2021.