Natl Fuel Gas Co - NFG STOCK NEWS

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.

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.