NFG
National Fuel Gas Company81.24
-1.16-1.41%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Reaffirms outlook, adds ops details
Q&A largely reaffirmed the prepared remarks' bullish outlook amid weather-driven volatility, with management confirming flexible marketing captured recent basis spikes in non-NY and Z5 markets. Justin detailed Gen 4 Utica costs at $150-$175 per foot higher, expecting meaningful productivity and EUR uplift to boost pad IRRs. Optimal production growth holds at mid-single digits (3%-7%), governed by pipeline capacity—accelerate on high prices, moderate if low. Post-Ohio, M&A eyes both regulated and upstream assets. More pipes damp volatility. Investors track co-development tests and expansion talks.
Key Stats
Market Cap
7.36BP/E (TTM)
14.30Basic EPS (TTM)
5.68Dividend Yield
0.03%Recent Filings
8-K
8-K
Stockholders back board, pay
National Fuel Gas Company stockholders at the March 12, 2026 annual meeting elected 11 directors, including David H. Anderson (99.3% for) and Rebecca Ranich (93.6% for), amid 8.8 million broker non-votes. They approved executive compensation (97.8% for) and ratified PricewaterhouseCoopers as auditors (96.8% for). Strong support signals continuity.
10-Q
Q1 FY2026 results
National Fuel Gas crushed Q1 FY2026, with revenues jumping 18.5% y/y to $651.5M on stronger utility and upstream gas sales, while operating income soared to $276.1M from $86.2M after last year's $141.8M impairments vanished. Diluted EPS hit $1.98 on 92M shares, up from $0.49. Operating cash flow climbed to $274.9M, funding $277.6M capex; cash swelled to $271.4M while long-term debt eased to $2.1B. Integrated Upstream and Gathering drove profits with 11 Bcf more production at higher prices. Equity raise nets $338.6M for pending $2.62B CenterPoint Ohio buy (Q4 2026 close, $1.42B cash/$1.2B note). Cash covers needs. Climate regs loom large.
8-K
Q1 earnings soar 24%
National Fuel crushed Q1 fiscal 2026 with GAAP earnings of $181.6 million ($1.98/share), up from $45.0 million ($0.49/share) last year—no repeat of prior impairments. Adjusted EPS hit $2.06, fueled by 12% production growth to 109 Bcf and 14% higher realized prices in upstream, plus 5% utility net income gains. Issued $350M equity for pending Ohio utility buy, on track for Q4 close; reaffirmed FY26 adjusted EPS $7.60-$8.10. Regulatory approvals pending.
8-K
NFG reaffirms FY26 EPS guidance
National Fuel Gas updated its investor presentation on January 28, 2026, reaffirming FY26 adjusted EPS guidance of $7.60-$8.10, a 14% rise from FY25 midpoint, driven by higher upstream production and regulated rate cases. The $2.62B CenterPoint Ohio utility acquisition stays on track for Q4 2026 close after PUCO notice and HSR filings. Integration advances smoothly. Regulatory approvals remain key.
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