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 Company (NYSE: NFG) generates a steady flow of news as a diversified natural gas-focused energy company in the utilities sector. This page aggregates recent announcements, press releases, and market-moving updates related to National Fuel’s integrated operations across exploration and production, gathering, pipeline transportation and storage, and regulated utility distribution.
News items for National Fuel often cover quarterly and annual earnings results, where the company reports performance for its Integrated Upstream and Gathering, Pipeline and Storage, and Utility segments. These releases may include segment-level discussions of natural gas production in Pennsylvania, gathering and compression activity in the Appalachian region, and transportation and storage services provided through its pipeline network in western New York and Pennsylvania.
Investors can also follow strategic transactions and financing developments, such as National Fuel’s definitive agreement to acquire CenterPoint’s Ohio natural gas utility business and related financing arrangements. Company updates describe the planned expansion of its regulated utility footprint into Ohio, the use of a seller note facility and bridge financing, and private placements of common stock to support the purchase price.
Additional news highlights include dividend declarations by the board of directors, updates on corporate responsibility and emissions reduction progress, and notices of investor conference calls and webcasts. These communications provide context on National Fuel’s approach to capital allocation, regulatory matters, and operational reliability across its integrated natural gas platform.
By reviewing this news feed, readers can monitor how National Fuel’s upstream, midstream, and utility activities evolve over time, track key regulatory and transaction milestones, and understand the company’s public disclosures about its natural gas operations and strategic priorities.
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.
National Fuel Gas Company released its 2022 Climate Report, enhancing its ESG disclosures and aligning with the TCFD framework. The report emphasizes the company's resilience to climate change risks and outlines its commitment to the energy transition. President David P. Bauer articulated the role of natural gas in future energy needs and detailed the company's three-pronged approach to climate change: reducing emissions, advancing energy conservation, and embracing new technologies. The report covers the company's upstream, midstream, and downstream operations and is available online.
National Fuel Gas Company (NYSE: NFG) announced that Seneca Resources has achieved certification for approximately 300 million cubic feet per day of its Appalachian natural gas production under Project Canary’s TrustWell program. This certification arose from an assessment of 121 wells in Pennsylvania, earning 'Platinum' or 'Gold' ratings, indicating low methane emissions and effective water management. About 30% of National Fuel's production can now be marketed as Responsibly Sourced Gas (RSG), enhancing its marketability and demonstrating a commitment to sustainability.
National Fuel Gas Company has joined the Building the Clean Hydrogen Economy consortium to develop clean hydrogen pilot projects targeting heavy transport and renewables integration. Led by Guidehouse, the consortium aims to launch at least three pilots in the Southwest U.S., New York, and the Gulf region. The projects will stimulate clean hydrogen demand, facilitating a cost-competitive supply. Participation in this consortium aligns with the company's focus on incorporating low-carbon fuels into its infrastructure, crucial for achieving a net-zero economy.
National Fuel Gas Company (NYSE:NFG) reported impressive fiscal Q1 2022 results, with GAAP net income rising to $132.4 million ($1.44/share), up from $77.8 million ($0.85/share) a year prior. Adjusted operating income also surged 40% to $135.9 million ($1.48/share). Adjusted EBITDA reached $298.2 million, an 18% increase compared to last year. The E&P segment saw net production increase by 7% to 85.1 Bcfe, driven by higher natural gas and oil prices. The company revised its fiscal 2022 earnings guidance upwards to $5.20 to $5.50 per share.