Welcome to our dedicated page for National Fuel Gas Co. news (Ticker: NFG), a resource for investors and traders seeking the latest updates and insights on National Fuel Gas Co. stock.
National Fuel Gas Co. (NFG) is a diversified energy company headquartered in Western New York. With more than 1,800 employees, the company operates across four primary segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. This integrated structure allows NFG to manage natural gas assets from extraction to delivery efficiently.
Exploration and Production is a significant revenue driver for NFG, primarily through developing the Marcellus Shale. This segment focuses on finding and extracting natural gas, contributing to America's goal of energy independence.
The Pipeline and Storage segment is crucial for transporting and storing natural gas. NFG ensures the safe and reliable delivery of energy, maintaining a robust infrastructure that supports other segments and external customers.
Gathering involves collecting natural gas from production sites and transporting it to the main pipeline systems. This segment has received the EO100™ certification for its commitment to environmental, social, and governance (ESG) standards, highlighting its dedication to sustainable practices.
The Utility segment delivers natural gas to over 740,000 customers in New York and Pennsylvania, emphasizing safety, reliability, and excellent customer service. This division plays a vital role in the company's overall operations.
National Fuel is committed to responsible energy production and sustainability. Their recent achievements include obtaining EO100™ certification for their Midstream operations, underscoring their leadership in ESG standards. The company's comprehensive approach ensures long-term benefits for shareholders, employees, and communities.
NFG's financial health is robust, supported by a balanced portfolio and strategic partnerships. The company continuously adapts to market conditions and regulatory changes, aiming for sustainable growth and energy independence.
For more information, visit nationalfuel.com.
National Fuel Gas Company (NYSE: NFG) announced a 4.0% increase in its common stock dividend rate, raising the quarterly dividend from 49.5 cents to 51.5 cents per share. This brings the annual dividend to $2.06 per share. The dividend is payable on July 15, 2024, to shareholders of record as of June 28, 2024. This marks the 54th consecutive year of dividend increases and the 122nd consecutive year of dividend payments. National Fuel Gas Company operates in four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility, with 91.8 million shares of common stock outstanding.
National Fuel Gas Company reported strong second quarter results for fiscal year 2024, with GAAP net income of $166.3 million, or $1.80 per share, representing an 18% increase per share from the prior year. The company revised its fiscal 2024 earnings guidance to a range of $4.75 to $5.05 per share, excluding items impacting comparability, while lowering capital expenditure guidance. Despite lower natural gas prices impacting earnings, operational execution and strategic objectives remain strong across all business segments.
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