Natl Fuel Gas Co - NFG STOCK NEWS

National Fuel Gas Company (NYSE:NFG) reported its fiscal 2025 first quarter results with GAAP net income of $45.0 million ($0.49 per share), including $104.6 million in non-cash impairment charges. Adjusted operating results reached $151.9 million ($1.66 per share), a 14% increase from the prior year.

Key highlights include: Pipeline & Storage segment net income increased 35% due to Supply rate case settlement; Utility segment net income rose 22% following a rate proceeding settlement; E&P segment adjusted operating results grew 5%. The company repurchased $34 million of common stock during the quarter, totaling $99 million under its $200 million buyback program.

NFG increased its fiscal 2025 guidance for adjusted earnings per share to $6.50-$7.00, driven by higher forecasted natural gas prices and improved segment outlook. Production guidance was raised to 410-425 Bcfe, a 2% increase at midpoint, while capital expenditure guidance was reduced to $495-515 million.

National Fuel Gas Company (NYSE: NFG) has announced a time change for its first quarter fiscal 2025 earnings conference call. The call will now take place at 9:00 a.m. ET on Thursday, January 30, 2025. Participants must pre-register for the conference through a provided Participant Registration link.

A webcast link will be available on the NFG Investor Relations website under the Events Calendar. Following the call, a replay will be accessible until Thursday, February 6, 2025, by dialing 1-866-813-9403 with Access Code 245940.

National Fuel Gas Company (NYSE: NFG) has announced the schedule for its first quarter fiscal 2025 earnings release and conference call. The company will release its Q1 FY2025 earnings results on Wednesday, January 29, 2025 after market close, followed by a conference call on Thursday, January 30, 2025 at 10:00 a.m. ET.

The conference call will feature approximately 20 minutes of prepared remarks from the executive team, followed by a Q&A session. A replay will be available until Thursday, February 6, 2025. National Fuel operates across four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility.

National Fuel Gas Distribution (NYSE: NFG) received approval from the New York Public Service Commission for a three-year rate settlement starting January 1, 2025. This marks the company's first base delivery rate increase in New York since 2017. The settlement includes:

- Rate base of $1.04 billion in year one
- Return on equity of 9.7%
- Equity ratio of 48%
- Revenue requirement increases of $57 million (2025), $73 million (2026), and $86 million (2027)

The agreement maintains existing rate mechanisms like weather normalization and revenue decoupling, adds an uncollectible expense tracker, and includes a pipeline replacement target of 105 miles per year. A make-whole provision allows recovery of higher rates from October 1, 2024, through January 1, 2025.

National Fuel Gas Company (NYSE: NFG) has announced its regular quarterly dividend of 51.5 cents per share on common stock. The dividend will be paid on January 15, 2025, to stockholders of record as of December 31, 2024. The company currently has approximately 90.7 million shares of common stock outstanding and no preferred stock. National Fuel operates as a diversified energy company based in Western New York, managing natural gas operations across four segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility.

National Fuel Gas Company reported a GAAP net loss of $167.6 million ($1.84 per share) for Q4 2024, including $237.8 million in non-cash impairment charges. Adjusted operating results were $70.5 million ($0.77 per share). The company filed for its Tioga Pathway Project, expecting to provide 190,000 dekatherms per day capacity and $15 million in annual expansion revenues. A Joint Proposal was filed for a three-year rate settlement with $86 million revenue increase. The company updated its fiscal 2025 guidance to $5.50-$6.00 per share, reflecting lower natural gas prices. Production guidance remains at 400-420 Bcfe, with 89% of projected fiscal 2025 gas production under firm sales contracts.

National Fuel Gas Company has achieved significant sustainability milestones through two key re-certifications. The company's Midstream segment has been re-verified under the EO100™ Standard, earning an 'A-' grade and becoming the first entity to improve two grades after initial certification. The verification covers 100% of their natural gas gathering system assets across five principles including corporate governance, social impacts, Indigenous Peoples' rights, safety standards, and environmental impacts.

Additionally, Seneca Resources, NFG's Upstream segment, has been re-certified by MiQ with an 'A' grade for their Appalachian natural gas production assets, which produce over 1 billion cubic feet daily. The MiQ certification evaluates methane intensity, emissions management practices, and monitoring technology deployment.

National Fuel Gas Company (NYSE: NFG) has announced that Ronald C. Kraemer, Chief Operating Officer and President of the company's pipeline and storage subsidiaries, will retire on Feb. 1, 2025, after 46+ years of service. Joseph N. Del Vecchio, currently Executive Vice President of National Fuel Gas Supply , will succeed Kraemer as President of National Fuel Gas Supply and Empire Pipeline, Inc.

Kraemer, who joined in 1978, has held various executive positions across the company's subsidiaries. Del Vecchio, who holds degrees in Mechanical Engineering and Law, joined the company in 1995 and has served in multiple leadership roles, most recently being promoted to Executive Vice President in 2023.

National Fuel Gas Company (NYSE: NFG) has announced the schedule for its fourth quarter fiscal 2024 earnings conference call. The company will release its earnings results on Wednesday, November 6, 2024 after market close. The conference call will be held on Thursday, November 7, 2024 at 10:00 a.m. ET.

The call will feature prepared remarks from the executive team for approximately 20 minutes, followed by a question and answer session. Participants must pre-register for the conference using the provided Participant Registration link. A webcast link will be available on the NFG Investor Relations website. A replay of the call will be accessible until Thursday, November 14, 2024.