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.
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.
National Fuel Gas Company (NYSE:NFG) will hold a teleconference on February 3, 2023, at 11 a.m. (ET) to discuss its first quarter fiscal 2023 results and provide an update on its operations. The management team, including CEO David P. Bauer, will present for approximately 20 minutes, followed by a Q&A session. Participants can pre-register for the call or join via telephone. An audio replay will be available until February 10, 2023. More information can be found on the NFG Investor Relations website.
The National Fuel Gas Company (NYSE:NFG) has announced a quarterly dividend of 47.5 cents per share on its common stock, approved by the Board of Directors. This dividend will be paid on Jan. 13, 2023, to shareholders of record by the end of business on Dec. 30, 2022. National Fuel has approximately 91.5 million shares of common stock outstanding and operates across four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility.
IOG Resources II, LLC has acquired producing gas assets from Seneca Resources, a subsidiary of National Fuel Gas (NYSE: NFG). The acquired assets are located in Pennsylvania's Clearfield, Elk, and McKean counties, with a net production of approximately 17 million cubic feet per day (mmcfd). This acquisition marks IOGR II's initial investment, expanding its platform to include 13 investments across six core U.S. basins. The deal reflects IOGR II's strategy for onshore, non-operated oil and gas investments.
National Fuel Gas Company (NYSE:NFG) reported a strong fiscal 2022, with GAAP net income of $566 million ($6.15 per share), up 55% year-over-year. For Q4, net income reached $158.1 million ($1.71 per share), an 80% increase compared to last year. Adjusted EBITDA for the year was $1.2 billion, a 23% rise. The company increased dividends for the 52nd consecutive year to $1.90 per share. Fiscal 2023 guidance sees earnings between $6.40 to $6.90 per share, assuming average natural gas prices of $6.00 in the first half and $4.75 in the latter half.
National Fuel Gas Company (NYSE:NFG) will hold a teleconference on November 4, 2022, at 11 a.m. ET, to discuss its fourth quarter fiscal 2022 results. The call will feature management representatives including David P. Bauer (CEO) and Karen M. Camiolo (Treasurer). The session will include 20 minutes of prepared remarks followed by a Q&A session. Interested participants are encouraged to pre-register. Additionally, a replay will be available until November 11, 2022. For more information, visit the NFG Investor Relations website.
The National Fuel Gas Company (NFG) announced a quarterly dividend of 47.5 cents per share, set for payment on October 14, 2022, to shareholders on record as of September 30, 2022. The company has approximately 91.5 million shares outstanding and no preferred stock. National Fuel operates across four segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility, signifying its diversified energy profile.
NexTier Oilfield Solutions and Seneca Resources, part of National Fuel Gas Company (NFG), are set to deploy NexTier's first electric Emerald™ fracturing system in Q1 2023. This multi-year agreement aims to enhance fracturing performance while minimizing emissions and fuel costs. The electric fracturing fleet will operate at Seneca well sites in the Appalachian Basin, utilizing natural gas for power. This initiative aligns with Seneca’s sustainability goals to significantly reduce greenhouse gas emissions, demonstrating a commitment to lower carbon solutions in oilfield operations.
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