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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) has declared a regular quarterly dividend of 51.5 cents per share on its common stock. The dividend will be payable on October 15, 2024, to stockholders of record at the close of business on September 30, 2024. The company has approximately 91.1 million shares of common stock outstanding and no preferred stock. National Fuel is a diversified energy company based in Western New York, operating across four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility.
National Fuel Gas Company (NYSE: NFG) has released its 2023 Corporate Responsibility Report, highlighting key sustainability achievements and initiatives. The report showcases the company's progress in reducing emissions, with a 17.1% decrease in consolidated methane emissions and a 5.6% reduction in consolidated greenhouse gas emissions since 2020. NFG is making strides towards its 2030 methane intensity targets, with reductions ranging from 9.7% to 48.5% across business segments.
The report also emphasizes NFG's commitment to responsible natural gas certifications, environmental stewardship, and inclusive hiring practices. The company's integrated approach aims to meet growing energy demand while providing reliable, sustainable, and affordable energy across its four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility.
National Fuel Gas Company (NYSE:NFG) reported a GAAP net loss of $54.2 million ($0.59 per share) for Q3 FY2024, including a $145 million non-cash impairment charge on exploration and production properties, compared to $92.6 million net income ($1.00 per share) in the prior year.
Adjusted operating results were $91.7 million ($0.99 per share), slightly down from $93.4 million ($1.01 per share) a year ago. Pipeline and Storage net income rose 29% due to a rate proceeding resolution, while Utility net income increased by $2.5 million due to rate increases. Exploration and Production segment saw a 2% rise in natural gas production despite price-related curtailments.
The 2024 earnings guidance is revised to $5.00-$5.10 per share, and 2025 guidance is initiated at $5.75-$6.25 per share, indicating a 19% growth at midpoint. Shareholder returns are enhanced with a 4% dividend increase and significant share repurchases.
National Fuel Gas Company (NYSE: NFG) will release its third quarter fiscal 2024 earnings results on July 31, 2024, after market close. The company will hold a conference call to discuss these results on August 1, 2024, at 10:00 a.m. ET. The call will include 20 minutes of prepared remarks from the executive team followed by a Q&A session. Participants must pre-register using the provided Participant Registration link to receive necessary conference details and a unique Registrant ID. The webcast link will be available on NFG's Investor Relations website, with a replay accessible until August 8, 2024. National Fuel operates across four segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility.
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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