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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) 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.
NexTier Oilfield Solutions (NYSE: NEX) and Seneca Resources (NYSE: NFG) revealed plans for deploying an electric Emerald™ fracturing system in early 2023. This multi-year agreement aims to optimize fracturing operations by lowering emissions and fuel costs. Utilizing natural gas for power generation, the Emerald system promises efficient performance with a reduced equipment footprint. Both companies emphasize the initiative's alignment with long-term sustainability goals and efficient operations.
Seneca Resources, the Exploration and Production segment of National Fuel Gas Company (NFG), announced that 100% of its natural gas production has received an 'A' certification under the MiQ Standard for Methane Emissions Performance. This certification reflects a commitment to reducing methane emissions, with over 1 billion cubic feet of daily gross production meeting high environmental standards. The MiQ Standard, developed by independent auditors, assesses methane emissions practices, demonstrating Seneca's proactive measures in sustainability and technology deployment to prevent methane leaks.
National Fuel Gas Company (NYSE:NFG) reported a strong third quarter for fiscal 2022, with GAAP net income of $108.2 million ($1.17 per share), a 24% increase year-over-year. Adjusted operating results soared to $141.9 million ($1.54 per share), a 66% increase. The company successfully sold its California assets for approximately $241 million, while revising fiscal 2022 earnings guidance to $5.85-$5.95 per share and initiating fiscal 2023 guidance at $7.25-$7.75. Continued strong natural gas production is expected, bolstered by an improved commodity price outlook.
National Fuel Gas Company (NYSE:NFG) will hold a teleconference on August 5, 2022, at 11 a.m. (ET) to discuss its third quarter fiscal 2022 results. The event will feature remarks from President & CEO David P. Bauer and other key executives, followed by a question-and-answer session. Interested participants must pre-register via the provided link to receive access details. The call will also be available for online listening and replay after the event until August 12, 2022. More information can be found on the National Fuel website.
National Fuel Gas Company (NYSE: NFG) announced the successful sale of its California properties to Sentinel Peak Resources for net proceeds of approximately $241 million. This transaction is part of Seneca Resources Company, LLC, the exploration and production segment of National Fuel. The sale aims to strengthen the company’s financial position and focus on its core operations in natural gas and oil assets across various segments, including pipeline and storage.
The National Fuel Gas Company (NFG) has announced a 4.4% increase in its quarterly dividend, raising it from 45.5 cents to 47.5 cents per share. This adjustment marks the 52nd consecutive year of annual dividend increases, underscoring the company's commitment to returning value to shareholders. The new annual dividend rate is $1.90 per share, with payment scheduled for July 15, 2022, to stockholders on record by June 30, 2022. National Fuel has consistently paid dividends for 120 years.
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