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) will hold a teleconference to discuss its Q2 fiscal 2023 results on May 4, 2023 at 11 a.m. (ET). Management, including President and CEO David P. Bauer, will provide insights into the company's performance and operations for approximately 20 minutes, followed by a Q&A session. Interested participants can pre-register online for access details. Dial-in options are available, including a toll-free number for U.S. residents. An online webcast will also be accessible on the company’s investor relations website, with a replay of the call provided until May 11, 2023.
The company operates across various segments, including Exploration & Production, Pipeline & Storage, Gathering, and Utility sectors, reflecting its diversified energy portfolio.
National Fuel Gas Company (NFG) announced the retirement of Treasurer and Principal Financial Officer Karen M. Camiolo, effective May 1, 2023, after nearly 29 years of service. Timothy J. Silverstein has been appointed to succeed her. Silverstein joined National Fuel in 2008 and has previously served as Treasurer of the Company's utility and pipeline subsidiaries. The leadership change is seen as a significant transition for the firm, with hopes for continued stability and growth in financial operations. Company President David P. Bauer thanked Camiolo for her dedicated service, emphasizing her contributions to the company's financial management.
The Board of Directors of National Fuel Gas Company (NFG) announced a quarterly dividend of 47.5 cents per share, payable on April 14, 2023, to shareholders on record by March 31, 2023. With approximately 91.8 million shares outstanding, the company maintains a strong dividend policy. During the Annual Meeting, stockholders approved management proposals, including the election of directors for one-year terms expiring in 2024 and the advisory vote on executive compensation. PricewaterhouseCoopers LLP was ratified as the independent accounting firm.
National Fuel Gas Company (NYSE:NFG) reported impressive financial results for Q1 FY2023, achieving a GAAP net income of $169.7 million or $1.84 per share, up 28% from the previous year. Adjusted operating results also increased to $169.5 million or $1.84 per share, a 24% rise. Adjusted EBITDA rose 18% to $351 million. Significant growth was noted in the Exploration & Production segment, with a 29% increase in EBITDA and net production of 90.6 Bcfe, up 11%. However, the company revised its FY2023 earnings guidance to $5.35 - $5.75 per share due to lower natural gas price expectations.
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