Natl Fuel Gas Co Stock Price, News & Analysis

National Fuel Gas Company (NYSE:NFG) announced a 2.2% increase in its quarterly dividend, raising it from 44.5 cents to 45.5 cents per share, resulting in an annual rate of $1.82. This reflects the company's commitment, having paid dividends for 119 consecutive years and increased its annual dividend for 51 straight years. The dividend is payable on July 15, 2021, to shareholders of record by June 30, 2021.

National Fuel Gas Company (NFG) reported a strong fiscal 2021 second quarter with GAAP net income of $112.4 million or $1.23 per share, recovering from a loss of $106.1 million in the prior year. Adjusted operating results increased to $123.2 million or $1.34 per share, a rise from $84.2 million. Adjusted EBITDA grew 29% to $298.4 million. The company raised its earnings guidance to $3.85 to $4.05 per share, driven by enhanced production and pipeline expansions. The Exploration and Production segment saw a notable 43% increase in production, totaling 85.2 Bcfe.

National Fuel Gas Company (NYSE: NFG) announced the appointment of Justin I. Loweth as President of Seneca Resources, the company's Exploration and Production segment. Loweth, who joined Seneca in 2011, has held multiple roles, including Vice President of Finance and Acquisitions and Senior Vice President. He graduated from Southern Methodist University with a degree in business administration, focusing on finance and real estate. National Fuel operates diverse energy assets across four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility.

National Fuel Gas Company (NYSE:NFG) will host a teleconference on Friday, May 7, 2021, at 11 a.m. (ET) to discuss its second quarter fiscal 2021 results. Management representatives include CEO David P. Bauer and other key executives. The teleconference will feature prepared remarks for approximately 20 minutes, followed by a Q&A session. Participants must pre-register to join, and the call will also be available via webcast. An audio replay will be accessible two hours post-call, lasting until May 14, 2021.

National Fuel Gas Company (NYSE: NFG) has announced ambitious targets to cut greenhouse gas emissions for its utility segment, aiming for a 75% reduction by 2030 and 90% by 2050 from 1990 levels. This commitment exceeds New York's Climate Act benchmarks and emphasizes ongoing modernization efforts. The strategy includes a detailed pathway for its New York utility business, highlighting a multi-faceted approach to energy efficiency and low-carbon solutions, guided by an independent consultancy's findings. National Fuel's initiatives underscore its dedication to environmental responsibility while ensuring reliable energy delivery.

The Board of Directors of National Fuel Gas Company (NYSE:NFG) has declared a quarterly dividend of 44.5 cents per share, payable on April 15, 2021, to stockholders on record by the close of business on March 31, 2021. With approximately 91.2 million shares outstanding, this decision highlights the company’s commitment to returning value to its shareholders. Additionally, at the Annual Meeting, stockholders approved four management proposals, including the election of new directors and the ratification of PricewaterhouseCoopers LLP as the independent accounting firm, ensuring strong governance moving forward.

National Fuel Gas Company (NYSE:NFG) announced FERC approval for its FM100 expansion project, which is set to begin preliminary construction in early March 2021. This $280 million investment is projected to generate an additional $50 million in annual revenue for its Pipeline & Storage segment and enhance access to east coast gas markets. The project also emphasizes environmental responsibility with plans for advanced emissions controls, including vent gas recovery systems at new compressor stations.

National Fuel Gas Company (NYSE:NFG) reported its first-quarter financial results for fiscal 2021, revealing a GAAP net income of $77.8 million ($0.85 per share), including a significant $55.2 million impairment charge. Adjusted operating results showed an increase to $97.0 million ($1.06 per share), up from $87.4 million in the previous year. The company has raised its fiscal 2021 earnings guidance to $3.65-$3.95 per share. Notably, the Pipeline and Storage segment saw a 22% revenue rise, contributing to adjusted EBITDA growth of $251.7 million, compared to $222.9 million in the prior year.

National Fuel Gas Company (NYSE:NFG) invites stakeholders to its First Quarter Fiscal 2021 teleconference on Feb. 5, 2021, at 11 a.m. (ET). The call will feature management, including CEO David P. Bauer, CFO Karen M. Camiolo, and Seneca Resources President John P. McGinnis, presenting for approximately 20 minutes, followed by a Q&A session. Pre-registration is required for participation, and the call will also be webcast. An audio replay will be available from Feb. 5 to Feb. 12, 2021. Additional information can be found on National Fuel's website.